ES Update and Trade Alert

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1 HOUR ES Chart appears toppy to me unless can clear out 5270 areaLate last week I said if you wanted to try a 5183 market short with 5125 target and 5200 stop would be worth a shot. We dropped to 5168 then pushed to 5202, stopped out the trade, then pulled back.  This morning we…

ES Update and Trade Alert

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Well we missed the 5160 area short spot I wanted this week, good news is my spidey senses to short were correct, bad news is we missed the entry point but about 10-11 points before the market turned south.

I can see 5125 area likely if you want to short this current 5183 area with 5200 stop

3x ETF Morning Update 3/15/24

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Markets:     Showing the ES (SP 500 June Futures) Chart this morning, still a valid bull structure after that 70 plus point decline from the weeks highs last 2 days. Bouncing up this morning, its a 5 day consolidation pattern that could still push higher…

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.

ES Morning Update

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Nothing much has changed at all as of Thursday morning 915 am EST

5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position…

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…

ES Morning Update and Trade Alert

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5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

Yesterday I said 5240 loosely to look at a…

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

ES Update 3/12/24

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5203 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

5240 loosely I am looking for us to short…

3x ETF Morning Report 3/12/24

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Stock Swing Trade Service (stockreversalspremium.com) since 2009.  My flagship service is hosted at srpmembers.com and E-mail me reversaltraders@gmail.com for a coupon code to try it out if you have not yet.  Track record is listed there at srpmembers.com as well.  I will share…

ES Update 3/11/24

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ES stopped out

No position, watching action

Stopped out at 5110 about 34 point net loss on the avg of the two tranches we went long on.  Markets unfortunately reversed hard in the afternoon on Friday with NVDA smashing lower out of the blue as well.  About a 3.3% loss on the trade.Weekly chart 5157 on…

3x ETF Morning Report 3/8/24

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Markets:   Futures at 5155 on ES and IWM ETF near recent highs.  Market continues strong for now, I again expect rally to likely move into April before petering out... but one week at a time. Chip stocks continue at mind blowing rally levels.  I would…

ES Alert Update

ES at 5155, Stop 5110, Sell at 5210... add at 5130-5135

Not much change net net from the alert yesterday, again I would go ahead and be long here and then add at 5130-5135 ranges... (Pushed it up 5 points)  Stop 5110 still.  A push to 5220 still possible not necessarily today. If you see 5210 sell.

Yesterdays Alert Repeated:
Long at market about 5155 IF AGGRESSIVE TRADER, otherwise wait and go…

ES Morning Update 3/7/24

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Markets:     

5090 big dive in the overnight lows but now bouncing way up to 5133, this is tough action to trade here, but tighter stops are going to be important.

My spidey senses are wondering if we double top around 5150-5160 soon, the 30 minute chart again is choppy and hard to put a pattern…

3x ETF Morning Report 3/7/24

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Markets:  Futures up to 5131 on ES (SP 500) and the high so far has been about 5160 with a pivot low around 5077, the uptrend remains intact.  This one heck of a 3rd wave rally from October!
 
 3x ETF Updates:  

Watch List:  FAS -3x Bull Financial

FAS may break out soon and though…

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…

ES Morning Update 3/6/24

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Markets:     

ES hit a low around 5171 yesterday (March Contract) and now trading up to 5113 area which is normal resistance loosely from last weeks highs.

Uptrend is still intact as we can see from my 4 hour ES chart, with a possible 5220 target still alive.

If we take a long position again, I…

3x ETF Morning Report 3/6/24

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Markets:  Bouncing up today after "Super Tuesday" election results night perhaps.  I show the NASDAQ 100 Index channel chart today holding the uptrend line, but again we could be in the later innings here. I'm not ready to short because we have not seen a terminal move that would signal a further deeper correction yet. 

Nasdaq 100…

ES Morning Update 3/5/24

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Markets:    5117 ES down from 5158 highs

We sold out at 5138 and 5110 from 5077

5140 is a natural resistance zone, and possible top of 5th wave up... but not yet confirmed.

Trading in here is tricky, if we go long on a dip it will require a tight stop in the event 5th wave…

3x ETF Morning Report 3/5/24

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Markets:  Pullback this morning, again we hit my 5140 SP 500 target I put out in latter January and that should be normal resistance.  I'm monitoring as always, still potential for 5220 after a pullback, but one day at a time.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning?

3x ETF Action…

ES Update 3/4/24

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Markets:   5220 possible now but lets see if we get a pullback

Closed or you should close out our 5077 net entry trade at 5135-5140 area per the Friday text...

Will advise soon on next Trade... market is in bull mode until it's not but I like to take profits along the way and reset.  One of…

3x ETF Morning Report 3/4/24

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Markets:   Please review the weekly report which was published Sunday, 5220 is now on deck for SP 500 to watch now that my 5140 was hit.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning? 

3x ETF Action Items:     ERX/TNA sold for profits! 

ERX- Hit $60 on Friday and we had…

3X ETF Morning Report 3/1/24

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Markets:   SP 500 at 5096, I've had a 5140 target for almost 2 months now, so getting close. ES Futures members are long from 5077 looking to sell 1/2 at 5110 and ride the rest higher hopefully.  5101 currently.  NAS 100 (QQQ) Can push higher per our TQQQ new position we are adding into today.

3x ETF…

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

ES Trade Update 2/29/24

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 ES at 5097 up from 5063 lows this morning on a PCE inflation report the market likes.

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5063 from 5050

Sell 1/2 at 5110 if hit, hold 1/2 from there
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