25 May Weekly State of the Markets and Swing Trading Ideas Report
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Weekly Stock Market and Trading Strategies Report Week of May 26th
“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
- Overall market remains in consolidation base
- NYSE/Markets sprint north last week early in week and then consolidate
- Biotech remains strongest sector and may continue into 2021 (Updated Chart)
- Updated charts on NYSE and SP 500
- New list of Stock Swing Trade Ideas and several repeated
Recent results and notes: Stock ,ETF , and SP 500 Futures Swing Trading Results
Read up at TheMarketAnalysts.com 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
Another great week across the various swing trading and or long term services. We took strong gains in a Semi-Conductor stock and issued new swing alerts in several base pattern plays, three of which were moving up nicely on Friday afternoon. The 3x ETF service went 3x BULL on two positions and both are in the green slightly and carrying into this weeks trading. The futures service logged another 47 point profit win, and the TPS long term service saw a huge move up in several positions during the week, notably CRBP is in a strong uptrend. Spread your bets and join several services for best results.
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 Stocktwits.com : $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 The3xetftrader.com 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: Stocktwits.com
Auto-Trade ES Futures service– ESAlerts.com $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 CRBP, ATOM 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 Index commentary:
Last weeks notes on NYSE Pattern:
“Bottom line is we had a nice correction this past week as I had projected was likely. Bullish Dumb Money, Put to Call ratios, and a light SP 500 correction relative to the 5 waves up off March 23 lows has me still in the watch for deeper pullback mode between now and Mid June. NYSE has to surge up shortly or we could work lower across the indices.
The NYSE has completed an ABC correction after a 5 wave move which MAY qualify as a correction low this past week. Must surge as I said above.”
We ended up surging as required early in the week so the Bulls continued their run. After an early pop, the markets trended the rest of the week in terms of the indexes. This means the recent ABC correction in the NYSE and other indexes may have qualified for an interim low and looks like we have. I play it one week at a time since most of my work is swing trading based, but for now the outlook remains neutral to bullish with a continuing focus on Biotech, Medical Tech, and Technology swing trading in general.
To be a successful long term trader, you need multiple arrows in your quiver. 3x ETF, Individual Stocks, Futures, and Momentum Long term growth plays all come into play to cover all market environments and cover your bases and opportunities at the same time. Assess the market behavioral patterns, drill down into the top sectors, drill further into the top plays or stocks, and trade accordingly.
Updated charts and notes: NYSE Flat Base, SP 500, XBI ETF (Biotech Breakout)
NYSE is in a 31 trading day base, once again late this coming week we may see a large move one way or another. It would appear to be bullish at this time, but look for a sharp spike later in the trading week out of this range.
The crash into March 23rd happened over 5 Fibonacci weeks with a 35% decline in the SP 500. Now stalling out a bit with a consolidation. The retracement was a near 78% fibonacci pullback of the entire 4 year move up from 1810!! Historically high speed crash and hence the snap back rally.
The Early March gap this year has now closed with the recent rally. Weekly chart below:
Biotech: Likely to continue to lead into 2021, this is the sector I have focused on since March lows. Just broke out of Summer 2018 highs
Other Indicators and or Charts:
Advisor’s start turning more bullish: (Contrarian signal, but still room to move a little higher)
Advisors are now 49% Bulls and 24% Bears. (Last week 47 Bulls and 26 Bears). At the bottom or near bottom after the first bounce we were around 41% Bears and 30% Bulls, this has now reversed and Bears are dropping like flies.
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.
Last weeks big winners were DT up 13% and PFSI up 12%
Price per share doesn’t matter, what matters is % movement!
Repeated from Last week: 6 from last week
CATS- 3rd week in a row on list, could have sharp rebound as Tele-Health play ahead
AMD 6 weeks consolidation base pattern for chip leader
SFM- 3 week corrective base, Covid 19 healthy eating trend play. Organic and Vegan diets accelerating
KL- Gold miners consolidating and could run if Gold breaks back to the upside,5 weeks pattern
INVA- 7 week flat base, New CEO, develops small molecule drugs for respiratory disease with Glaxo
NLOK- Norton Security combined with LifeLock, 15 week overall base near highs. Internet security play.
6 New Names for 5/26:
BCRX- We made 57% on this as a swing at SRP recently, but now consolidating for another possible run up
ZYXI- Returning to the list, this name has done well. 4 week ascending base, Pain management
PLMR- 6 month overall base, Property Insurance
GAN- Ascending Post IPO Base, EPS due 5/25, Gaming Software for sports gambling
BMRN- 5 weeks tight pattern near highs. Pharmaceuticals
CHGG- 3 weeks tight base near 52 week highs. Online books and more services for Colleges etc. Corona Play.
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 TheMarketAnalysts.com for more details Track Records available for all services!
The3xETFtrader.com– Swing trading Bull or Bear 3x ETF securities only. Hosted on Stocktwits.com 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!
StockReversalsPremium.com– 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
Tippingpointstocks.com– 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 Stocktwits.com… Incredible track record since Oct 2018 Inception. Track record online
ESAlerts.com- 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 (Dave@themarketanalysts.com)