Stock Reversals | Weekly State of the Markets and Swing Trading Ideas Report
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Weekly State of the Markets and Swing Trading Ideas Report


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Weekly  Stock Market and Trading Strategies Report Week of  June 15th

“At a time like this, I really appreciate people like you who have chosen to give back/pay it forward when it’d prob be easier to just trade for yourself. Thanks for literally sharing the wealth!”  Cam- 3x ETF member


  • Market may have  started ABC correction (8-13%) from highs
  • % Bullish Investment Advisors still high at 56.9% vs 20.6% Bears (Contrarian bear signal)
  • YTD: NASDAQ up 6.9%, SP 500 down 5.9%, Russell 2000 down 16.5%
  • Market could bounce up further before another correction leg

Recent results and notes: Stock ,ETF , and SP 500 Futures Swing Trading Results

Read up at for all Advisory Subscription Services and Track Records

It’s best to belong to three or four of my subscription offerings at the same time to have the most opportunities across all market conditions with multiple shots on goal! Asset allocation as a Trader is key for long term success in all environments– Dave

 We positioned for a market drop in the 3x ETF service with TZA.  We saw it soar over 20% in one day and closed it out net for 11-13% gains this past week. Futures service hit for a 60 point win on stocktwits going short the market. TPS long term growth stock service saw SOLY and DYAI positions surge late in week and was #1 trending on stocktwits Friday. SRP Stock Trading service had big early gains on BLDP and FMCI, but had losses on 3 positions in the Thursday market crash. Overall a profitable week across the various services. 

Swing Trading  and Momentum Stock Services:

Flagship SRP Stock Swing Trading and Market Forecast Service:  Track Record  is online, 10 years since August 2009 inception, 70% profit rate trading stocks based on fundamental and behavioral patterns both. Morning Pre Market reports, Buy and Sell alerts, follow on advice daily on all positions, SP 500 Banister Wave models daily. Monthly, Quarterly, Annual options.

3x ETF Service on :  $40 a month,  Track Record   is online. Pull more money from the market bull or bear with my Behavioral based and contrarian approach to 3x ETF trading!  We solely trade 3x ETF Bull and Bear pairs as the market dictates. Read up at   Use the Subscribe tab to join off your desktop on Stocktwits

Stocktwits SP 500 Futures Service:  $50 a month,  Join the Trading Room and Follow my SP 500 guidance, Charts, and trade yourself with my alerts and guidance  See details here:

Auto-Trade ES Futures service– $149 a Month, $349 Quarterly, We auto execute Micro-MINI contracts $1,400 per contract roughly for members who are too busy to handle alerts and trading on their own.

Tipping Point Stocks–  A long term momentum growth stock service looking for 50-200% gains. Recent samples SOLY, DYAI and more! Join and add momo growth stock plays to your swing trading! Email me for coupon

General Market Summary:  Updated Banister Market and Elliott Wave Views on SP 500


SP 500 and Other  commentary:

Last Weeks SP 500 Forecast Note: June 7th Report:

“Bottom line is the uptrend remains intact, but we are finally hitting my 3200-3220 area projections and correction is now overdue possibly within days to a week or so… a 5th wave now nearing completion, which means a larger Wave 2 ABC of some type is due. This could take us back into the low 2800’s.  The second option says we already  had 5 waves up (which is what I’ve been working with), and we had an ABC correction to 2760’s.  This is now the  1st wave of 5 new waves up from 2760 area.

In either event, a near term correction is getting close… many leading stocks are starting to show signs of getting tired”

This worked out as within a few days we had a major drop on Thursday of 6% on average across the major indexes and worse for the Russell 2000 small caps.  We closed out TZA for big profits in the 3x ETF service right near the lows of the decline on Thursday late day.  Friday the market bounced up in what is probably a B wave bounce.

I am now seeing this as the likely early start of a Wave 2  correction pattern, typically these are some type of ABC pattern. A down, B up, C down to complete a corrective wave and work off the high greed sentiment readings. We had several extreme greed readings in sentiment going into last week.  Even with the correction to around 3000 on the SP 500 from 3232 highs (Almost 8%), we still have Bulls running hot at 57% for Advisors and only 21% Bears in recent surveys.  (Those may have been completed prior to Thursday)

At the lows on Thursday we tested the 34 day EMA line on the daily charts which is a lower support line I often use for reversal entry points.  The drop was about 50% of the recent rally from 2760-3332, which is common. A pop up from here is also normal, lets see if the market can take out 3120-3130 in terms of the SP 500. If not, look for a C wave lower ahead.

The Put to Call ratio I said last week was running at 5 year lows, so everything was setting up to correct from that 3200-3220 area I had pointed out in my services as a topping area.  

Lets look for this bounce to maybe 3120-3130 on the SP 500, much above 3170 and I will have to re-evaluate the market patterns. Of note, this past week on Friday we did see a big move up in Airline and Cruise Line stocks, which is a little at odds with the calls for a 2nd wave this fall/winter for Covid-19.  Something to watch. 

That said, I expect a C wave to new low from the 3232 highs (Sub 2995) in the weeks ahead as most likely.  2910 area is possible and perhaps as low as 2835 area

Chart Update shows possible path ahead:


 Other Indicators and or Charts:

Investment Advisor’s extremely bullish with few Bears: (Contrarian signal)

One of the many indicators I use to help me feel more confident in my Elliott Wave projections includes Investment Advisor surveys.  Even coming into mid-week this past week, we had 56.9% Bullish Advisors vs only 20.6% Bears.  This is at extremes and we saw a huge 1 day drop this past week, not a big surprise really.  Traders or Advisors who were bearish coming into the past week or two were largely scorned, but proven right in the end.  


Advice for 2019

Consider joining my subscription services at TheMarketAnalysts.Com for tradeable ideas and updates daily, 3x ETF, SP 500 Futures, Stock Swing Trading and Long Term Growth stocks (CRBP one example)

If not you can follow my comments during the week: 

  • Twitter @stockreversals
  • Stocktwits @stockreversals for commentary and or in my subscription services to stay up to speed daily. 
  • Follow me on  Linked In as well where I provide periodic updates to professionals

It’s a New Economy, think outside the box:  

Each week I try to come up with some fresh ideas, repeats as well if they have not broken out yet, or I remove prior ideas if they already ran up.

Repeated from Last week:   (Consolidating or did not yet break out)

AMD 8 weeks consolidation base pattern for chip leader, almost broke out before the Thursday carnage last week.

CHGG- 6 week corrective base, online education tools, textbooks, etc. provider. 3rd straight week on list

LVGO- 6 weeks tight base, written up many weeks ago before huge run, now consolidating. Remote medical management devices. Almost broke out this past week before the Thursday pullback.

GDDY- 6 Week flat base, On the list again for 3rd straight week after being on a few weeks ago and moving up sharply. Go Daddy seeing rise in revenues and in a 3 week tight base now ear the highs

DXCM- Provides remote monitoring for Diabetes patients. 2nd week in a row on list, this was on our list before breaking out several weeks ago, has corrected/consolidated to 10 week EMA line.

BLDP- 22 week overall base pattern. Fuel Cell Technology for transportation/shipping sectors. Broke out this past week and we took profits at SRP trading service, pulled back hard Thursday, but back up Friday. Looks good still.

New Ideas:

ZTO- Chinese shipping and logistics. Was on our last many weeks ago before moving up sharply.  Now close to breaking out of a 5 week base near 52 week highs

SAIL- 4 week base pattern right side of base.  Identity software that assists organizations.

AAXN-  Law enforcement devices like Body Cams etc. 2 week ascending base. Should see orders explode going forward given the police issues around the country.

CORT- 4 week corrective base.  Biotech with strong growth trying to break out of right side base.

GMAB- This was on my list in the 20 area weeks back as a Post IPO Biotech play. Now in the 26-27 area, but in a nice 6 week base near highs. 

Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below

We offer 5 different subscription services for our Members, helping you cover the gamut of SP 500 futures trading with tax favorable treatment, Long Term Growth Stocks, Swing Trading, and Auto-Trade execution service for SP 500 futures trading.

Read up at for more details  Track Records available for all services!–  Swing trading Bull or Bear 3x ETF securities only. Hosted on for just $40 per month.  A great way to trade bull and bear reversals using my behavioral pattern analysis with a twist! Launched in late September 2019 and already establishing a strong track record of profitable trades!–  Swing Trading with SMS text, Email, and Post on each alert, morning pre market reports daily on the SP 500 forecasts, position updates, and strategy notes. 70% success rate in 6 years of advisory services!  Track Record of 2019 and 2020 Trades– Growth Stocks with 50-200% upside with our proprietary research! CRBP recent huge winner!   Fresh ideas every month. 

E-Mini Future Trading Service SP 500 Futures Trading  Hosted on…  Incredible track record since Oct 2018 Inception.   Track record online  Auto Trading of Micro MINI contracts, $1,400 roughly per position size. $5 move for each 1 point SP 500 move. Trades executed on your behalf based on our Advisory automatically. For those too busy to follow alerts and trade on their own.

Great morning SP 500 Futures trading guidance and alerts! We keep you on the right side of the market direction and trades.  Tax Favorable treatment, simple reporting to IRS, eligible for IRA and Regular Accounts both!

This service focuses on the SP 500 using  my Wave based market behavioral models and then translates that to Futures Trading advice and alerts. Short term and long term views…morning updates, trades and more.

Contact Dave with any questions (