3x ETF Morning Report 1/22/24

The morning report comes out each morning prior to 930am EST market open. Please make sure to review as I will update strategy plans, stop losses possibly, targets and open positions.

The market continues the Bull run and those who have followed me awhile or are members of this or other plans I offer know I updated my SP 500 forecast to 4900 in early November. I had a 4800 target for…

Stocktwits Members Welcome

Existing members that are not coming over from Stocktwits today can ignore this post.

If you are coming over from Stocktwits via migration today 1/19/14  this will be the new platform from here forward. 

Full website here

Log in with Email in the upper right corner of website at Sign In... and you will get Email back to sign in, then you can set up a Password etc if you wish and…

3x ETF Alert

3x ETF Alert SPXL - 104.71 currently

Could pull back to 100-101 ranges in normal triangle pullback

SPXL is 3x Bull SP 500

Not as much upside as some other ETF's but we will start with our usual 10% allocation or 1/2 position size, work in from 1040 am EST today until 1040 am EST Monday especially on dips

Max Entry 105 adding on dips
Target as high as 126 further out…

3x ETF Morning Report 1/19/24

Markets moving higher, turns out the sharp pullback earlier this week was a shakeout if you will and we sold out of both SOXL and TQQQ a bit early but a profit is a profit. TQQQ getting close to my 54 target from weeks ago so my behavioral pattern analysis is on target

LABU did not pullback far enough and now is over 111, so I may adjust the parameters and will…

3x ETF Alert- LABU Buy IF

3x ETF BUY IF Alert- LABU

Currently 108.72

10% position size to start- LIMIT entry starts at 105.20, not yet...

I would like to see a little more pullback before entering and it may or may not happen....

Here are the parameters:

BUY IF you see $105.20 at anytime, then we start to scale in over a full trading day window as always. If this happens at 2pm EST we scale in…

3x ETF Morning Report 1/18/24


Nasdaq 100 has been wobbly of late but pushing this morning higher on AAPL and NVDA movements, AMD also strong.  We sold at 49 yesterday for close to 9% profits, when in doubt I get out and watch and regroup

Right now though if we can hold up here on this 7 day base pattern we could breakout to the upside

I held my BITX and have been adding, most of you…

BITX Update and Options

3x ETF BITX Update

If you took a loss this morning at market 22.50 ish area that is fine and what I advised if conservative.  Those who remained long with a 23 stop near close of trading day are seeing BITX now  at 22.46

Bitcoin is hovering just above the 13 day EMA line which is one of the lines I like to use often for support. In the meantime the weekly…

3x ETF Morning Report 1/17/24

3x ETF Morning Report 1/17/24

Markets are wobbling a little of late in my opinion.  The NUGT trade went against us after seemingly turning around last Friday morning sharply to the upside.  The stop was 29 near close and we closed at 28.99 and were below that price 5-10 minutes near the close.  A 13% loss, a rare loss but they are going to happen. 

BITX 22.52 pre market, stop is 23…

3x ETF Morning Report 1/16/24

3x ETF Morning Report 1/16/24
Recent Members:  If not long from original alerts or a 3x position is not in the original buy ranges, wait for next trade.  You can buy BITX here but 23 is stop near close of trading day to monitor. You can buy NUGT here, stop is 29 near close of trading day. 

SP 500 in a 4 week base, see my 4 hour ES Futures chart…

3x ETF BITX Update

3x ETF BITX Update

The 34 day EMA line for Bitcoin is at 43,287... we are just over that now.  This is a typical bottom pivot, so lets adjust the stop on BITX to 23 near close of trading day, lowered from 24.  Currently 23.15

Our average is 24 on the 2nd half of trade, we already took nice profits on the front half.  In hindsight, obviously wish we sold higher yesterday…

3x ETF Trade Alert -SOXL Sell

3x ETF Trade Alert- SOXL

Closing out SOXL here for 11% gains at 28.35 from 25.50 avg entry on 10% position size.  Going sideways several days , lets book some profits here.  If aggressive, you can hold with 3% trailing stop loss. 

3x ETF Morning Report 1/12/24

3x ETF Morning Report

BITX 26 area

Bitcoin pulling back some, watching 45,000 as possible pivot from 45,700 currently.  You could see BITX back at 25.  We hit 30 yesterday which was my original target , but I increased that to 32 plus if 51,200 Bitcoin is hit. Lets hold here, maintain stop at 24 near close of trading day up from 23 prior.  That's break even on this final 1/2 or…

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3x ETF Morning Report 1/11/24

3x ETF Morning Report

BITX - Bitcoin approved yesterday by SEC as I expected. BITX trading near 28 and my target is 32.40 for our 10% remainder position from $24.  HOLD

TQQQ-  Inching over 50 after dropping to 45 last week, our average is 45 and my target remains 54, since it's a 10% position we do not sell half up 8% so HOLD 

NUGT- We doubled up yesterday to full 20%…

3x ETF Trade Alert

3x ETF Trade Alert- NUGT -2x Bull Gold Miners

New Members this will be your 10% position assuming you do not have a NUGT position currently

Doubling up to 20% full position. First tranche at 35.50 average

NUGT at 30.67 now

Trade Parameters are MAX entry 31 with potential to add to about 28.75 area on a dip, so work in during trading day today on several trades if you can

Once…

3x ETF Morning Report 1/10/24

3x ETF Morning Report

BITX 25.45  Entry 24 on 10% remainder  Up 6%

New members to service can buy 10% position in BITX scaling in today with max entry 25.75, Stop 23 near close

Bitcoin pulling back overnight on some crazy SEC tweet hack etc., shenanigans in my opinion.  Bitcoin chart attached, 25.45 on BITX this morning. Our final 1/2 from 24 entry still going and our stop for now remains $23…

3x ETF Morning Report

3x ETF Morning Report

BITX up 15%, SOXL up 8.5%, TQQQ up 6.7%, NUGT down 9%

Markets ripped yesterday and I've been saying the first week of January following a year end rally often has postponed tax selling and not to over analyze the pullback.  

Instead, we saw a Banister pattern and we entered SOXL on the dip starting late Thursday into Friday for 25.60 average, ripped up over 9% yesterday. …

3x ETF Morning Report

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner. 

The Morning report comes out prior to market open each day and updates members on my thoughts on the market, our current positions open, and what I am considering and watching, sector notes and or charts…

3x ETF Trade Alert

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner.  The Trade Alert details for members is below:
  • Scale in over 24 trading hours from the time of the alert 
  • We start with a 10% allocation and sometimes double up to a 20% full position later

Weekly Report now online

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner. 

The weekly report is published usually on Sundays and has a combination of SP 500 and or NASDAQ and or Sector forecast updates and charts along with Stock Swing Trade ideas and other notes.  This is…
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