The3xETFTrader

The3xETFTrader

Trade Alerts

3x ETF Morning Report 5/9/24

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3x ETF Action Items: 
  • Adding to BITX over a few days see details below
  • SOXL advised to buy under max buy yesterday, original parameters 38.40-41.25 to average in. Hit 38.40 pre market yesterday, 39.30 during day etc, add on dip. We may double up later…

3x ETF Trade Alert 5/8/24

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BITX 38.17

Add to a 20% position from 38.50 MAX on dips to 36.50 possible over a few days if you can.  The monthly and weekly views remain bullish in my opinion on Bitcoin and we will set a stop likely still near $32 near…

3x ETF Morning Report 5/8/24

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3x ETF Action Items: 
  • HOLD BITX we may add still 38-39 possibly, its $38 pre market on Wednesday
  • SOXL advised to buy under max buy yesterday, original parameters 38.40-41.25 to average in. Hit 38.40 pre market, add on dip. We may double up later to…

3x ETF Morning Report 5/6/24

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Markets:   Bull is back?

 ES SP 500 Futures  5185 highs 150 points above 5037 C wave support

3x ETF Positions/Notes:  BITX and TQQQ 10% Positions

TQQQ sold at 57 per trade parameters for 11%  gains

BITX- $39.75 
10% Position- 43.25 average
Target…

3x ETF Morning Report 5/3/24

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Markets:   Insane volatility over last few days for sure, markets back up this morning in a big way on Apple optimism, Bitcoin rallying huge etc.  Fortunately we are long TQQQ and didnt bail out low on BITX. LABU is at 110 we sold at…

3x ETF Morning Report 5/2/24

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Markets:   Crazy action around FOMC as usual yesterday. Our futures service went long at 5070 and had  50 point pop, indexes pushed up, LABU ripped to the upside. Another crazy day.  Again still in some type of correction ABC pattern from March highs which…

3x ETF Trade Alert 5/1/24

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SELL LABU IF 106.50 HIT- 3pm est update May 1st

DETAILS OF TRADE REPEATED

Biotech

XBI ETF possible double bottom last week and we hit the low 80's on LABU, my target was 79... so lets call it close enough.  Bouncing up now to 94…

3x ETF Morning Report 4/30/24

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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

3x ETF Morning Report 4/29/24

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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

3x ETF Trade Alert 4/24

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TQQQ Currently 52.35 area

I think this is a chance QQQ ETF which underlies TQQQ bottomed in price or close last week, but we also may get a re-test of that low or a bit lower.  However, if we already bottomed in price then we…

3x ETF Morning Report 4/23/24

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Markets:  
  • ES at 5065 this morning,  near a 5070 resistance zone. SP 500 could squirt a bit higher yet on this bounce off last weeks lows.  The correction MAY have ended last week price wise but pattern wise usually you get  re-test of the…

3x ETF Trade Alert 4/22

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BITX 44.22 currently pre market 4/22

Bitcoin could move to 73,000 area to test prior highs, which would push BITX up as much as 24% from current levels, again one day at a time but possible.  The ABC pattern may have completed as a correction…

3x ETF Trade Alert 4/11/24

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Time to get long YINN 3x Bull China (FXI is the underlying ETF), potential 33% upside intermediately, but one day at a time

YINN- 20.42

Max Entry 20.80, adding to potential 19.30-19.40 on dips, 10% position to scale in
No Stop
Target as high as…

3x ETF Trade Alert

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Biotech getting oversold (XBI ETF) but could pull back a bit further yet...

LABU at 115 as of 4/2/24 close

LABU-3x Bull Biotech- BUY LIMIT 107.50 then add... wait until 107.50

BUY IF you see 107.50, then scale in for 24 hour trading window…

3x ETF stop updates

TQQQ- 58.90 Near Close of Trading Day is the stop on this 10% position

Reason being is somewhere near there we could bounce and rally, and if we break too much below that level the potential is for a much deeper decline that will be difficult to project.

Working on TNA as well now

3x ETF Alert Double Up

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Removing $51 near close of market protective stop on BITX

Bitcoin is pulling back and so far this is normal. After BITX hit near 55 this morning we were WAY up from 43.75 entry on 10%

As noted this morning, I was inclined to add…

3x ETF Alert

This pattern in the QQQ appears bullish to me, a 13 day consolidation within a near 4 week consolidation.  If we are going to move up one more level, it's probably pretty soon.

TQQQ - 62.60

10% scale in position, Profit target is 9-15% from current levels 62.60

Parameters:

Max Entry 63 possible adds to 61.25 on dip near term
No Stop yet
Target 68.25 to 72

3x ETF Alert

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TNAI would like to see this have a normal pullback, maybe it's early next week. 39.50 would make sense, but I do not want to be too cute trying to pick an exact bottom to wait.

Trade Parameters-  WAIT for $40, May adjust later

3x ETF Trade Alert

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Bitcoin Play- Charts below then commentary

Long Term Monthly Chart running into resistance, pullback is normal here
Weekly chart shows possible Wave 4 38% retracement after huge run, this is part of a larger 5 wave larger Wave 3...  75k target would be the lower…

LABU update

LABU crashed from 141 to sub 132 in 10 minutes or so today. We had an open trade alert limit 139 entry with 133 stop. Not sure if anyone even had time to enter but if so a quick loss of max 3 to 4% 

Let's stand aside for now.

3x ETF Trade Alert

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Biotech has been in an 11 trading day pullback, often on my Banister Behavioral patterns these wind down around Day 13, which would be Friday possibly.  Also key EMA levels are close to being hit, and Biotech had such a big run in the XBI…

3x ETF Sell 1/2 Alert - YINN

YINN 20.20

Going to sell 1/2 here for about 13% gains

Lets move the stop to 18 near intra-day on remainder 1/2 which is protective of our 17.90 average

Target is AS HIGH as 26 believe it or not... one day at a time

3x ETF Trade Alert

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YINN- 18.15 at time of alert- 3x Bull China

This one we banked profits on recently and then it pulled back to low 17 area from 20-21 area.

FXI is the underlying Chinese ETF that would indicate a possible longer term bullish reversal pattern and…

3x ETF Trade Alert

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TQQQ 60.22

Per the morning report, we are taking a 10% position scaling in until 940am EST tomorrow on dips etc.

Max Entry advised is 60.50 adding towards maybe 59 on dips if so
Stop is "Intra-Day" due to market being high, $58 for the Stop
Target is as high as $72 for 20% potential
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