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3x ETF Morning Report 5/6/24

Trade Alerts
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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 5/1/24

Trade Alerts
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Markets:   C wave asserted itself here as the B wave rally retraced about 55% of the top of the market March highs to the April lows or A wave  bottom... often you will see a 61% retrace B wave bounce, so we were just…

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 Trade Alert 4/29/24

Trade Alerts
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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 area but this can still rally to the 107 area for 14% potential …

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 Morning Report 4/26/24

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Markets:   Bouncing up on MSFT and GOOG earnings
  •  Max high on ES was this morning 5140, now 5113 dipping back. This could be the a-b-c- B wave , and again still chance of re-test of the lows last week at some point.  So still…

3x ETF Morning Report 4/25/24

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Markets:  Correction over or still B up and C down?
  •  Max high on ES was  5125, below a 5190 possible B wave target high so far. This morning futures are down on META results (Spending A lot on A.I.) and perhaps the GDP report, who…

3x ETF Morning Report 4/23/24 (copy)

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Markets:  Correction over or still B up and C down?
  • ES took out 5070 resistance and 5100 resistance in last 24 hours with a high of 5125, off the 4964 correction lows.  We could push higher to 5192 ES and if Bulls can take that…

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

Trade Alerts
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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

Trade Alerts
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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

Trade Alerts
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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

Trade Alerts
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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

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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

Trade Alerts
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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