3X ETF Morning Report 2/29/24

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Markets:   Futures up on benign PCE Inflation Report

 ES Alerts members are long the SP 500 via buying 5090 and 5065 dips this week, currently 5098.  Markets could still push higher yet.  Last week I had an ES (SP 500) chart showing 5110 area as likely resistance on the futures, that has held true so far.  If…

3x ETF Morning Report 2/28/24

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Markets:   Futures down .50% or so to start the morning

 QQQ is in a 3 week consolidation near highs, could make one more push yet. SP 500 also consolidating not too far off highs, could also push another leg up.   

3x ETF Updates:  I'm patiently watching... my job is to do the best for my members…

ES Trade Update

Same as yesterday and day before

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the cycle up its harder to trust the near term upside moves without a further correction

5063 lows so you would have bought 1 tranche at 5090 another at 5065... stop stop is still 5050

1 hour chart attached

ES Morning Update and Trade Advisory

5080 area

Yesterday I gave out some guidance in the morning on my thoughts which is part of this service outside of actual trade alerts.  We could push to 5200 possibly and 5140 has been my target for awhile, we hit 5123 so far for highs.

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the…

3x ETF Morning Report 2/27/24

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Markets:   
 QQQ is in a 3 week consolidation near highs, could make one more push yet. 

3x ETF Updates:

Watch List: SOXL, NUGT, TQQQ

I'm watching SOXL currently 41.23 for a possible re-entry.  Recall we sold at 39 which was my target from 34.40 for nice gains recently, so that is on my radar on a…

3x ETF Morning Report 2/26/24

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Markets:   

Talking SP 500 here, we basically nearly hit my 5140 ES target I had put out weeks ago last week at the highs.  Now consolidating a bit, long positions here have some higher risk but doesn't mean this Bull market can't run further. 

3x ETF Updates:

Watch List: SOXL

I'm watching SOXL currently 40.60 for…

ES Morning Update 2/26/24

No weekly report was published this weekend

ES hit at 5090 stop point overnight in trading from a 5110 entry last Friday if you took the tight trade idea from Friday morning report.  The stop was tight on purpose as a 5060 area print plus minus 5 is possible on a further pullback here.

Right now around 5098 on the March contract, we have a consolidation in the 4 hour chart and…

ES Morning Update 2/23/24/ Trade Idea

Getting close to my 5140 target I've talked about for weeks now

Trade Idea (Read notes below)

Long at market, Stop 5090, Target 5200 if 5110 taken out cleanly

The SP 500 has broken out of a 2 year cup base pattern with the right side breaking out big recently.

Short term extended but 5140 is a likely lock target wise if you want to chase the last 30-40 points here.

5108…

3x ETF Morning Report 2/23/24

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Markets:  See long term QQQ and SP 500 Charts at bottom for bull market reference, these are monthly charts showing breakouts in early 2024 of long term resistance. Short term a bit overbought, 5140 was my SP 500 target I put out in January and we are close.

3x ETF Updates

Closing YINN This morning for 22-23%…

3x ETF Morning Report 2/22/24

Sorry the Annual Members did not get report this morning. It was my clerical error

Here it is

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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a…

ES Morning Update 2/22/24

ES at 5061

Stunning turnaround of 100 points off the 24 hour lows on NVDA earnings. Obviously I cant predict market reaction to one companies report, but that is what happened.

I'd feel good around 5030 on a pullback getting long

30 minute chart

3x ETF Morning Report 2/22/24

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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a stunning turnaround. Therefore we are seeing 3x ETF's like SOXL, TQQQ etc ripping higher, none of which you…

ES Morning Update

Futures off a bit further

We got stopped out again on a tight range trade yesterday at 4990 for a loss

4974 current futures as of 845 am EST

I think we will see 4930 area if 4970 doesn't hold here as a projection and guidance

Near term I dont feel comfortable with an actual trade alert just yet..

4 hour chart

3x ETF Morning Report 2/21/24

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We are looking to add hopefully 1-2 new positions or adds this week to existing positions, so stay tuned.

Markets:

Normal correction here in the SP 500, Small Caps, QQQ ETF etc.  Key is determining levels that make sense on a pullback and then having a strategy, whether that's stock swing trading, 3x ETF, Futures etc.

SP…

ES Trade Alert and Update 2/20/24

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Markets consolidating gains

We protective stopped at 5030 on Friday for break even

5006 this morning in early pre-market trade, I want to see 4990 hold

If you want to take a shot, you can go long at market because the uptrend line is intact and I had discussed 5007 last week as possible on a pullback…

3x ETF Morning Report 2/20/24

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We are looking to add hopefully 1-2 new positions or adds this week to existing positions, so stay tuned.

3x ETF Action Items:   TNA and YINN

TNA- Sell Position if you see $41, Double up over 24 hours scale in if you see 36.50

YINN- Stop now 16 near close on final 1/2 of trade up…

ES Alert Update

We got long at 5030 on the dip today

Push stop to break even at 5030 from 4995

5050 area currently

ES Trade Alert Update 2/16/24

We missed my preferred entry yesterday on the dip

Lets move the dip buy entry limit to 5030, currently 5043 area with a 5058 high.

Lets add to that at 5015 if hit

Stop will then be 4995

E mini contracts on each, if you are trading $50,000 total in this service, 10% on each tranche... $5,000 per position tranche is advised... if more aggressive then 20% per tranche.

3x ETF Morning Report 2/16/24

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3x ETF Action Items:  
TNA- Sell if you see $41
YINN Sell 1/2 at 17.60, which is an 8% gain on a full 20% position per rules

Position Updates:  Charts today on TNA and ERX for reference, both in the Green!

ERX - $58.18 10% position avg. Entry 55.75  Target as high as 63-64

Nice pop…

ES Trade Alert 2/15/24

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Trade Alert

Long at 5000 limit entry
Stop 4960
No Target yet

5021 currently but gut says a little more pullback, if not I will update and advise any changes

3x ETF Morning Report 2/15/24

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Also ES Alerts just made 11% gains in a few days on our latest trade. $5,000 position would have yielded $550 of profit. Subscriptions are only $59 a month.  Maybe 1 or 2 trades a week, its easy to manage, E Mini Contracts are only $5 per 1 point of SP 500 or about $2,500 per contract…

ES Morning Update 2/14/24

ES at 4996

The low yesterday was 4940 early in the morning over reaction to Inflation data. Now nearing 5000 and we of course took profits at 5025 from 4968 entry already.

No position now, I'm leaning to another long position after things settle. I'm still at 5140 for my projection intermediately from my Jan 25th target update in my services.

I would like to loosely see 4970 hold on any pullback…

3x ETF Morning Report 2/14/24

Happy Valentines Day!

Crazy action yesterday morning on an excuse to take profits day in my opinion. As I said no need to panic but we did take action nonetheless.  Profits need to be protected with uncertainty, but I do not like to over react either so its a delicate balance. I think the market was obviously extended and the selloff went from 5068 on SP 500 Futures at this weeks high…

3x ETF ERX Update

I neglected to note the ERX new alert from yesterday in the morning report

With that said, we are working in until 1020 am EST this morning. 

Trade Parameters: 

Max Entry 56.70 adding to possible low 55's over 24 hours until 1020 am EST tomorrow

Target as high as 63-64 but I will update, no stop yet as we often double up

So 56.32 currently use the dip to add

ES Morning Report

  • ES Futures at 4970
  • No Position
  • I will review to look at new entry and alert if I see set up

We sold at 5025 to take 57 points of profit yesterday with the protective stop in place. About a 10% profit

Market reacting negatively to early Inflation Report:

3x ETF Morning Report 2/13/24

Market reacting negatively to early Inflation Report:
  • Stock futures are falling further after this morning's inflation data came in hotter than expected.
  • The report shows consumer prices rose 3.1% in January from a year earlier. That was a cooldown from last month but more than the 2.9% increase economists polled by The Wall Street Journal expected.
  • Core prices—which exclude food and energy items—rose 3.9%. That was also above the 3.7% increase economists…

3x ETF Alert

3x ETF Alert

Energy based ETF ERX is 2x Bull Energy (XLE Underlying)

We have a 13 day consolidation in the XLE ETF and it COULD push higher out of this range, if not we will consider a double up later

ERX currently at 56.33

Trade Parameters: 

Max Entry 56.70 adding to possible low 55's over 24 hours until 1020 am EST tomorrow

Target as high as 63-64 but I will update…

ES Trade Update

5042

Up about 14.8% on this trade

Still long from 4968 and I've discussed 5140 outlook for a few weeks now as "guidance" if you will

I set a stop at 5010 on Friday morning, let's push that to 5025 and hold otherwise

3x ETF Morning Report 2/12/24

3x ETF updates:  Action Items from late last week

1/2 Profits taken on SPXL Friday 118 area from 105-108 area for 10-13% we are holding 1/2 still now at 119.50 pre market, target as high as 126

SOXL profits taken with $39 target hit on Friday for 13.7% gains from 34.30

YINN-  We doubled up from 1pm Thursday EST to 1pm Friday EST, average price about 15.35... gives us 15.35 on 1/2…

3x ETF Morning Report 2/9/24

Futures Trading Service: Now up 11.4% in 3 days!

We are up now 11.4% in the ES Trading service in 3 days with only a 1.1% move in the SP 500.  It's easy to trade E Mini futures.  Each 1 contract is $5 x the SP 500 number or $2,500 roughly.  If you trade 2 contracts, you put $5,000 at risk.  A 1% move is 8% in your favor. Stops are easily…

ES Trade Update

5025

We are long from 4968

Push stop to 5010 and take profits if you see 5040

There is a potentially short term blow off top wedge pattern that could hit, so I want to take profits if it smashes upwards but protect if the wedge fails near term.  Further out I'm still at 5140 target.

2 hour chart

3x ETF YINN Alert

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YINN- 15.50 has hit

Scale in until 1pm EST tomorrow for 2nd half of this trade to take us to 20% position size.

Max price to pay is 15.75 and add on dips

First half is at 17.30 average

I will set a stop tomorrow afternoon after we have completed entry and have a net average

Could…
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