The3xETFTrader

The3xETFTrader

3x ETF Morning Report 10.1

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ES Futures link to use   5809 Tuesday Morning, consolidating... 5950 still the target, 5740 support near term

Markets/Strategy:   Ongoing consolidation so not much real movement in our 3x ETF's for now, and no dip yet in TNA to bother doubling up just yet. Watching a few…

3x ETF Morning Report 9.30

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ES Futures link to use   5775 Monday morning slight pullback. 5950 still the target, 5740 support near term

Markets/Strategy:   Bullish with some consolidation normal here as we wind down 3rd quarter today and move into October.  October can be volatile often due to the fiscal year…

ES Morning Report and Trade Ideas 9.30

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Trading: December ESZ4 contract

Update-  5775 area at 830am EST Monday, back near our entry from 5830 highs

Trade Alerts/Ideas:

No change in trade, long at 5770, target 5950... will add at lower levels

Add at 5745 if hit

Stop is 5720 for now, Target…

ES Morning Report and Trade Ideas 9.27

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Trading: December ESZ4 contract

Update-  5800 zone 730am EST Friday, still consolidating in range

Trade Alerts/Ideas:

No change in trade, long at 5770, target 5950... will add at lower levels

Sorry gang not a lot of net movement last week or so as we inch…

3x ETF Morning Report 9.26

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ES Futures link to use    5950-6010 is my target zone

Markets/Strategy:   BULLISH wave 3 continues as projected

Futures ripping to 5823 this morning and the ES service is long from 5775 area with at 5950 target.  QQQ breaking out, TQQQ, SOXL pushing much higher as well. …

ES Morning Report and Trade Ideas 9.26

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Trading: December ESZ4 contract

Update-  5823 as of 730am EST Thursday moving up.

Micron had strong earnings last night and the melt up of Wave 3 continues as projected with my Elliott Wave views. Most of the time I'm fading crowd think because I'm not…

ES Morning Report and Trade Ideas 9.25

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Trading: December ESZ4 contract

There is nothing to add because we are in a tight range, maintain long and all parameters below

Update-   5790 area Wednesday 845am EST

Target  5950-6010 likely ahead, pullback 5675 area possible maybe not probable

Trade Alerts/Ideas:

We are long…

3x ETF Alert

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  NASDAQ 100

We are long 10% TQQQ with an average about 64.75 and we are near 72. That said, the pattern appears ready to another move higher perhaps and into the $82 target area possible on the pattern I see.

We will double up here and then with…

3x ETF Morning Report 9.25

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Markets/Strategy:  5950-6010 intermediate ES (SP 500 futures) projection, QQQ close to breakout as well

ES Futures link to use   5800 resistance hit (December Contract)

ES at 5780 area on Wednesday morning as we continue to consolidate SP 500 near all time highs.  I remain bullish. 

Strategy: …

ES Morning Report and Trade Ideas 9.24

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Trading: December ESZ4 contract

Update- 5800 highs Dec contract, 5787 up 10 Tuesday 920 am EST

Target  5950-6010 likely ahead, pullback 5675 area possible maybe not probable

Trade Alerts/Ideas:

We are long at 5770 area, looking to  add at 5730 for a  2nd tranche, and our…

3x ETF Morning Report 9.24

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Markets/Strategy:  5950-6010 intermediate ES (SP 500 futures) projection

ES Futures link to use    5800 resistance hit (December Contract)

ES at 5783 as we continue to consolidate SP 500 near all time highs.  I remain bullish. We may add another position today.

QQQ ETF NEARING BREAKOUT?

Last Fridays…

3x ETF Morning Report 9.23

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Markets/Strategy:  

ES Futures link to use    5800 resistance hit (December Contract)
Markets may pull back some.  Follow the December contract

5950-6010 intermediate ES (SP 500 futures) projection: ES Trade Link for December Contract 

Consolidation and pullback as part of Wave 3 of 5 waves up is…

ES Morning Report and Trade Ideas 9.23

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Trading: December ESZ4 contract

Update- 5800 highs Dec contract, 5773 area Monday morning

Target  5950-6010 likely ahead, pullback 5675 area possible maybe not probable

Trade Alerts/Ideas:

Go long at market, add at 5730 2nd tranche, Target 5950 plus

I'll advise from there but initial 1/2 position…

3x ETF Morning Report 9.20

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Markets/Strategy:  

Positions all moving higher on Thursday as Wave 3 continues to take hold. The gap up in the indices is evidence of the sentiment you see in 3rd waves up.  6250 area now possible on SP 500 based on my pattern analysis over the intermediate window of…

ES Morning Report and Trade Ideas 9.20

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Update- 5800 highs Dec contract, testing July highs (5720 equivalent on the September contract which we are now moving off of)

ES December near 5771 (5712 equivalent for September contract)

Taking the profits yesterday was right at the top of this short term move.  Now we…

3x ETF Morning Report 9.19

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Markets/Strategy:  

Markets rip higher to all time highs on SP 500 as projected as Wave 3 continues. QQQ testing July highs now and our 3 positions are all pushing up nicely.  This is where my Elliott Wave forecasting comes in handy, I ignore FOMC talk, CNBC, and headlines…

3x ETF Alert

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Small caps consolidating (IWM ETF)

If we push higher on a potential "Wave 3" pattern, we could see 18% intermediate upside move on TNA from current pricing.

We will start with the usual 1/2 or 10% position and add if we get further dips or opportunities that look attractive

ES Morning Report and Trade Ideas 9.18

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Update- 5645 area Wednesday Morning

No change in advisory, hold with 5720 profit taking area  from 5625 last Friday, add at 5570, Stop 5550 

 Monday advisory... long at market, add at 5570-5575 if hit... target 5720-5730






 

 







 


 

 


  
 

 

3x ETF Morning Report 9.18

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Markets/Strategy:  

ES Futures link to use    5660 resistance now, 5648 930am Wednesday

5720-5730 likely next move up for market to take out July highs 

Strategy/Action Items:  
 
Holding 20% SOXL, 10% TQQQ may add to TQQQ and also a new position
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ACTION…

3x ETF Morning Report 9.17

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Markets/Strategy:  

ES Futures link to use    5660 resistance now, 5660 on 9/17 am pre market
 

Strategy/Action Items:  
 
SOXL double up pricing hit to move to 20% on Monday

Pretty much nailed the slight market pullback and SOXL double up entry advisory yesterday.  We…

ES Morning Report and Trade Ideas 9.17

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Update- 5660 area 815 am Tuesday

Advisory repeated from Friday morning

Markets continue to point to higher levels, 5720-5730 is your zone to look at taking profits assuming you are long from as low at 5625 advisory last Friday

Maintain long, take profits near 5720 maybe…

ES Morning Report and Trade Ideas 9.16

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Update- 5625 area 915 am EST Monday

Advisory repeated from Friday morning

Uptrend continues, I can make a case for 5720-5730 from my pattern analysis. Near term is tricky a little extened, a pullback to 5570 would make sense at some point even if we push…

3x ETF Alert

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 Markets appear to closer to confirming a quasi- double bottom (QQQ, SOXL) and therefore a good time to start a TQQQ position

TQQQ - Upside as high as 27% from current levels, but again often we end up doubling up if we dip a bit lower after the first…

ES Morning Report and Trade Ideas 9.12

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Update- 5561 ES

5560 sell target hit, 5581 highs last 24 hours

Our latest entry would have been 5505 sell at 5560, so that hit for 55 points

Yesterday as noted in afternoon update, 5480 down to 5412, my target was 5410... pretty close enough, hopefully…

3x ETF Morning Report 9.12

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Markets/Strategy:  

ES Futures Link:   5325 next lower level up possible and key support, 5502 resistance, 5560 uptrend potential near term if taken out
Here is a link to use 

Futures hit 5581 uptrend highs off the 5412 lows this week.  The ES futures service played both…

ES Trade follow up 9.11 afternoon

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Update

5540 area, high near 5550 today low 5412

So if you took the short idea under 5480 with 5410 profit target we went from 5479 to 5412 lows today. I assume most of you closed it out with a profit somewhere along the way or…

3x ETF Morning Report 9.11

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Markets/Strategy:  

Over 5505 on ES should bring further SP 500 rally and QQQ along with it, near 5500 this morning.  Wave 2 trying to confirm bottom in QQQ around my 447 level and SP 500 at 5402 ES Futures leaves some room for further drop yet to 5325…
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