The3xETFTrader

The3xETFTrader

Trade Alerts

3x ETF Morning Report 5.24.24

Trade Alerts
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Markets:   Markets pushing higher out of consolidation. As I noted last week QQQ can push higher and my intermediate SP 500 target moved up to 5700-5800 last week.

May look for some long positions here and likely with intra-day stops
3x ETF Action Items…

3x ETF Trade Alert 5.23.24

Trade Alerts
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Energy

This sector had a strong rally that peaked in early April. Oil is in a downtrend and traders are somewhat bearish on the Energy sector now.  This is where I get interested.

ERX is a 2x Bull on Energy (XLE Underlying ETF)

I Think…

3x ETF Morning Report 5.23.24

Trade Alerts
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Markets:   Markets pushing higher out of consolidation. As I noted last week QQQ can push higher and my intermediate SP 500 target moved up to 5700-5800 last week.

May look for some long positions here and likely with intra-day stops
3x ETF Action Items…

3x ETF Morning Report 5.22.24

Trade Alerts
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Markets:    Not much to add, markets consolidating some recent strong gains and buyers are still buying... could see QQQ moving higher still for a bit

 3x ETF Action Items:  BITX Sold for final profits
  •  Deleting TQQQ alert for now
  • BITX  I pushed the…

3x ETF Morning Report 5.21.24

Trade Alerts
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Markets:    QQQ Chart shows more upside to 470, hence that 68 target for TQQQ last week 3x ETF Action Items:  TQQQ/BITX
  • TQQQ doesn't look like that normal correction to 61.50 is happening
  • BITX  ripping higher, nearing 51 target from 40.40 on final 10%

Watch…

3x ETF Morning Report 5.20.24

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Markets:    Wave 3 up of 5 of 5... continues, getting a little extended though here on the Bull side of things.  In early April I put out a 5600 plus SP 500 target for 2024... still good.

 3x ETF Action Items:  TQQQ/BITX

  • TQQQ…

3x ETF Trade Alert 5.17.24

Trade Alerts
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NASDAQ 100

 I think we need to pull back a bit more here towards 61 on TQQQ.  We are 62.84, now I may be wrong but I would wait a bit before entering this long trade.  This is a limit entry starting at 61.50 if…

3x ETF Morning Report 5.17.24

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Markets:    Wave 3 up of 5 of 5... continues, getting a little extended though here on the Bull side of things.  In early April I put out a 5600 plus SP 500 target for 2024... still good.
 3x ETF Action Items: 
  •  43.77 was…

3x ETF Morning Report 5.16.24

Trade Alerts
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I have to be on the road early this morning so I am publishing this update Wednesday night for delivery on Thursday morning at 8am EST. 

3x ETF Action Items: 
  •  SOXL was sold at 45.50 for 12.6% gains from 40.40 average, went higher later
  •  Sell…

3x ETF Morning Report 5.15.24

Trade Alerts
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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits, was over 45 pre market
  •  NUGT new position alerted Tuesday
  • Stop is $35 near close on BITX but moving up nice now
Watch List:
None currently, added NUGT yesterday
 
Markets:    uptrend continues…

3x ETF Trade Alert 5.14.24

Trade Alerts
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Gold play

Back on April 14th I projected that Gold would pullback to 2250-2350 and that would be an area to buy. Currently sitting at 2358 after 2458 highs in April and 2285 lows recently.

GDX ETF can run another 11% or so IF Gold…

3x ETF Morning Report 5.14.24

Trade Alerts
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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits
  • I may add another position Tuesday, reviewing options
  • Stop is $35 near close on BITX
Watch List:
SOXL May add to a full position at some point if it pulls back but 10% position…

3x ETF Morning Report 5.13.24

Trade Alerts
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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits
  • I may add another position today, reviewing options
Watch List:
SOXL May add to a full position at some point if it pulls back but 10% position from $40 avg now
 
Markets:  …

Weekly Market Report Now Online 5.12.24

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First weekly report published in 8 weeks. The last one on March 10th projected a big move up in China stocks (YINN), Gold and Gold stocks doing well, and the market topping in April for a bit...

See what I am looking at now plus…

3x ETF Morning Report 5.10.24

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3x ETF Action Items: 
  • We doubled up on BITX to a 20% position, our avg is $40.40 on 20% now
  • SOXL now long 38.70-41.25 ranges, so lets call our average $40
Watch List:
SOXL May add to a full position at some point, 10% position…

3x ETF Morning Report 5/9/24

Trade Alerts
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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

Trade Alerts
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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

Trade Alerts
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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 5/7/24

Trade Alerts
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3x ETF Action Items: 
  • HOLD BITX we may add still 38-39 possibly
  • SOXL buy under max entry ranges and on dips otherwise hold and sell at 45.65
Markets:   Bullish for now

 ES SP 500 Futures  5210 now on ES Futures above my 5190…

3x ETF Trade Alert 5/6/24

Trade Alerts
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SOXL 3x Bull Semiconductors
$40.85

I mentioned $40 a few days ago as a Bullish price if SOXL could get there, and though we missed the bottom of the move we made money on LABU and TQQQ

SOXL has a 12% upside from here I…