02 Jun SRP Pre Market Report Sample June 2nd

A Pre Market report sample from our SRP Membership

This is a typical Pre-Market report we publish every morning by 9am EST, 30 minutes prior to market open. We update our SRP Premium members on the SP 500, Gold, and often Oil or Russell 2000 or Biotech sectors with charts and  forecast model updates.

Then we update our Portfolio model and current strategies in general, educational tips for trading, and tid bits and updates on each open position.

We provide guidance before, during, and after an alert is put out for a Swing Trade.  We are available 24/5 for our Members via Email direct to our Chief Strategist, Dave.

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SP 500 Update:  2443 on target for 5 of Major 3 low end with 2476 possible

Prior Day:  SP 500 2430 up 18    Current Futures:  2430 Flat as of 845 am est

CHARTS TODAY:   SP 500, Gold, BIVV, TTD

SP 500: 2443 looking good with 2476 a perfect high

Big pop as we move toward the 2443 target we laid out on March 29th for SRP members and in our regular forecast models since.  2476 we mentioned many weeks ago as a perfect top for Major Wave 3, so we are getting close.  Lets track it from here and then come up with the game plan forecast and trading wise.

60 day Chart Update: Popping towards 2443 low end target

We will also again remind all SRP members that taking some profits when you are up 8-12% or so on swing trades as you can often buy some or all back on a dip. We are not day trading at SRP, but sometimes you get 1-2 day spikes.

Current SRP Swing Allocation Model: 50% Invested 50% Cash

Swing Positions Table  – Click to review, found in “Open Positions” tab on website and lists initial alert links, parameters of each trade etc.

• TTD- 10% Target $68 *5/30
• MKSI- 10% Target $96 *5/26
• BIVV- 10% Target $60 plus *5/25
• CMCM- 5% Target $12.50-$13.80 *5/24 ** Sold 1/2 6/1 for 10% Gains
• MOMO- 10% Target $44.60-$51 *5/18
• GOOS- 5% Target $21 plus *5/8 ** Sold 1/2 6/1 for 10% Gains
• CASH-  50%

Swing trade Stops: (All near market close unless otherwise specified)

• TTD- $49.75 Near Closing
• MKSI $75 Near Closing
• BIVV- $51 Near Closing
• CMCM- $9.95 Near Closing
• MOMO- $36.80 Near Closing
• GOOS- $15.20 Near Closing

Strategy and Commentary:  

Right now with CMCM, GOOS, BIVV, TTD etc all moving in our favor at the same time the sledding is smooth.  Just make sure you take the good with the bad, and by  the end of the year we shoot to hit 70% of our trades for profits, last year 77%.

CMCM popped on some nice volume yesterday as it may be sinking in that they are turning the ship around with new applications and content, plus the Live.Me broadcasting.  Again, this is a swing trade service so we dont get too caught up in long term stories but this one could qualify as worth holding awhile. Our soon to debut Tipping Point Stocks membership will look for stories like this that are developing.  We moved to sell 1/2 as we hit our low end 12.50 swing target, and the high end is 13.80.  So holding 1/2 here…

GOOS- Reported a solid year end report and we are seeing momentum in their Direct to Retail sales which have the highest gross margins of all their distributions to consumers. The stock is 20-21 in pre market trade, so depending on if we are near 21 we will be looking to take final 1/2 off the table. We hit 19.10 yesterday and sent an alert to sell 1/2 into earnings, that banked 8-10% gains and now we may benefit on the back half. Our goal was $21 from $17.27 alert for a swing.

TTD is coming out of a 13 day base pattern, see the chart updated today.  Past max buy and looking good to break out.

MKSI continues to consolidate above max entry points, but watch for dip below 80.50 to buy/add

BIVV Another insider buy filed, this time the same Director for 9 million on May 30th.  We see this moving to all time highs ahead, see todays chart below.

MOMO-  36.80 is the stop near close, this has been weak…. more sellers than buyers.  Since we are a swing trade service we have to put the stop somewhere, but long term we see not reason to be a seller….

We may have a new swing out today, so stay tuned…

Below our list of 13 ideas from Monday weekly report and Post IPO Base ideas

13  Fresh Swing Trade ideas from Weekly report: See that report for notes on each

LOGM LITE CTRL NTES CAVM YY GRUB MOMO MRVL WEB TTD HUBS

Post IPO Base plays to look into:

YEXT ARD SNAP JAG

Open Swing Positions