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Morning Reports

3x ETF Morning Report 7.29.24

Morning Reports
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Markets/Strategy:   

5520 on ES Futures, I noted 5550 possible bounce last Friday when we were at 5480... tech stocks bouncing as well, many of the SRP stock swing positions are pushing up as well here.  

5610 area on ES possible HIGHER bounce point but I'm still watching…

3x ETF Morning Report 7.26.24

Morning Reports
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Markets/Strategy:  Some set ups emerging?  

 Futures bouncing up off my 5450 targets I put out earlier this week for ES... we could push back to 5550 resistance, currently around 5480

SOX Index may have bottomed out Thursday morning right near the charting areas I gave out recently here…

3x ETF Morning Report 7.25.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW

5450 was the low so far from 5721 on ES (SP 500) overnight/yesterday.  In the ES service yesterday we were at 5560 in the morning and I said to watch for possibly 5450 if 5553 lows broke , which they did

This is still…

3x ETF Morning Report 7.24.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW 

The bounce so far off the initial drop from the uptrend highs was limited to just over a .382 retracement bounce, which is shallow. This has led to the futures down this morning, perhaps TESLA not helping pre-market.  Testing the lows now at…

3x ETF Morning Report 7.23.24

Morning Reports
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Markets/Strategy:   

Nice bounce up in ES (SP 500 Futures) to .382 retracement or 5616 from 5553 lows of the A wave down... often you get an A down, B bounce up, then a C down to test the prior lows or lower... so loosely that is what I…

3x ETF Morning Report 7.22.24

Morning Reports
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Markets/Strategy:   

ES Futures 5588 up 34 points this morning from 5553 lows on the pullback. Looks like a 5 wave decline from 5721 to 5556 for A wave, now B up bounce I think, fwiw... then possibly a re-test or lower C wave  yet to come

2 hour…

3x ETF Trade Alert 7.19.24

Morning Reports
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Chip Stocks

Taking a bath and working towards a possible SOX Index 5275 pivot here. We can drop another 1.25% or 3.75% on SOXL if that pivot is correct, then possibly bounce up in a counter rally

We can try to play this with entry ranges and a tight…

3x ETF Morning Report 7.19.24

Morning Reports
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Markets/Strategy:   Further pullback to testing key areas on Thursday

QQQ tested my 477 area with 465 the other I mentioned and charted on Wednesday morning. Closed at 479, again a possible A wave low with a counter rally

SOXL fell to a low of 49.28, double bottomed and was…

3x ETF Morning Report 7.18.24

Morning Reports
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Markets/Strategy:   Strong pullback Wednesday, small caps hold up well though

The chip stocks took a major hit with SOXL dropping 21% in one day from 65 to 51 area. In one of the areas I noted I was watching recently for a pullback, now we can see why it…

3x ETF Morning Report 7.17.24

Morning Reports
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Markets/Strategy:       Interesting action as the ES Futures contract hit 5721 and failed, that level is what I was watching to take out cleanly for another possible higher or extended run up in the large caps.  Today futures are down to 5656 which is a large drop off…

3x ETF Morning Report 7.16.24

Morning Reports
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Markets:       Market indices consolidating still. QQQ Holding 13 day EMA line (See Chart) which effects our TQQQ 3x Bull position.  IWM ETF has smashed higher to 217 but is extended by any means.  We have a wave 2 to wait on (Pullback wave) before we would look…

3x ETF Morning Report 7.15.24

Morning Reports
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Markets:       Futures pushing higher on Monday to 5690 area, uptrend highs are around 5707 from last week.  IF we push over 5720 strongly we could start another run towards my LONGER TERM 6125 SP 500/ES potential.

QQQ hit  503 highs last week, pulled…

3x ETF Morning Report 7.12.24

Morning Reports
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Markets:       SP 500 futures peaked on the inflation report just over 5700 now around 5640 so a 1% or so pullback is not a big deal. However, money rotated into small caps for sure and out of Nasdaq 100 stocks yesterday as lower…

3x ETF Morning Report 7.11.24

Morning Reports
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Markets:      Inflation report came in very tame and futures are pushing higher. In the ES alerts service we closed a 130 point win going long SP 500.  The Human Behavioral patterns I developed with Elliott Wave and a few other ingredients over the…

3x ETF Morning Report 7.10.24

Morning Reports
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Markets:       Nothing has changed lol.  Working towards these targets of 5700-5800 on SP 500 and 510-515 on QQQ

 Action Items:  
  •   SELL TQQQ if $88 hits
  •   NUGT 39.75 stop on final 1/2 near close  
Watching:  IWM/TNA

TNA has lagged obviously…

3x ETF Morning Report 7.9.24

Morning Reports
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Markets:       Continuing to work higher towards my 5700-5800 SP 500 targets laid out May 19th and 510-515 QQQ targets possible as well. No net real change on Monday trade.  Earnings should start coming out in full force soon, suspect market is strong for…

3x ETF Morning Report 7.8.24

Morning Reports
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Markets:       ES pushed to highs along with QQQ this week.  We are up 85 points in the Futures Service, make sure you join at esalerts.com just $59 a month and we are crushing the trades. Easy to enter and exit with stops…

3x ETF Late Day Report 7.5.24

Morning Reports
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Reminder this is my Vacation week I take every year to the Midwest 4th of July week to reunite with the extended family, so timing of reports may be off. Market closed Thursday and Friday likely light trading.

Markets:       ES pushed to highs…

3x ETF Morning Report 7.3.24

Morning Reports
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Reminder this is my Vacation week I take every year to the Midwest 4th of July week to reunite with the extended family, so timing of reports may be off. Market closed Thursday and Friday likely light trading.

Markets:      ES/SP 500 pushing a…

3x ETF Morning Report 7.2.24

Morning Reports
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Reminder this is my Vacation week I take every year to the Midwest 4th of July week to reunite with the extended family, so timing of reports may be off. Market closed Thursday and Friday likely light trading.

Markets:      Consolidation continues, but SP…