20 Sep Weekly State of the Markets and Swing Trading Ideas Report
SWING TRADING OF 3X ETF’S , STOCKS, E MINI SP 500 FUTURES, AND MOMENTUM GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
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SWING TRADING OF 3X ETF’S , STOCKS, E MINI SP 500 FUTURES, AND GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
Weekly Stock Market and Trading Strategies Report Week of September 21st
“Your calls are very good! Nice work! You are calm, collected and cool in this Volatile Market. I appreciate your excellent work…just evaluate, execute and leave each day behind for tomorrow’s action; which is extremely difficult to do! I am learning…under your clear and simple instructions.(I have a hard time trusting when money is concerned! LOL!!)Thank you!!” 7/9/20 -@sproutup1 on Stocktwits (3x ETF service)
- SP 500 Wave 4 breaches 3295 on Friday, Quadruple Witching Expiration, 3250 key
- 10% Gains taken in 3x ETF service on NUGT before the pullback late in week
- Several SRP positions move higher and we take profits last week on a few
- September and October likely to remain volatile ahead of US Elections
- GOLD consolidating still
- Biotech begins a rebound after 8 week correction pattern completes
Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for members
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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 4 services for members:
- Stocks- TFFP, INMB Partial gains taken during the week of 8% plus
- 3x ETF- 10% gain taken on NUGT ETF before pullback
- ES Futures- Guidance continues no official trades last week during Quadruple Witching Week
- TPS- INMB moving nicely, TFFP at all time highs, PRVB also ripping higher (Long Term Growth Stocks)
General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500
SP 500 and Market Commentary
We were looking to hold 3300 on SP 500 as key for Wave 4, much below that targets 3250’s. We saw a quadruple witching expiration cause volatility last week in the last few days. September is also when portfolio managers are adjusting for the end of quarter payouts based on assets under managment and returns, adding to rotation and selling in some winners.
Some of the “Generals” have finally fallen (Apple, Facebook, Tesla, Amazon etc) and usually once the Generals fall, the market correction is nearing an end during a Bull cycle. Small caps have held up on a relative basis and in the SRP service we have focused on trading those lately with success as the NASDAQ has dropped 12% from highs. We have managed nice gains in TFFP, ETON, INMB naming a few small caps over last few weeks. You must stay nimble and light , and take profits with discipline.
Wave 4 of 5 up is still consolidating, 3300 area on close key otherwise drop to 3250’s possible
Gold Update: 7 week consolidation winding down, this looks poised to move higher
Biotech: Last week I said 100 area needs to hold and Biotech needs to reverse higher immediately for Bulls. It did and soared over 11% last week
Consider joining for powerful upside potential in a portfolio of 7-12 names that is dynamic and moving. We closed out several for 60% plus gains lately to make room for new positions. Among them VIR, ATOM, TFFP, OTRK naming a few big winners for members.
Recent research includes TFFP at $5.83 several weeks ago, now up over 180% on their Thin Film Freezing technology for the delivery of drugs/vaccines. Email me for a 25% coupon at firstname.lastname@example.org to try it out.
Read up at Tippingpointstocks.com
In addition to being a member of various services, 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
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 winner was APPS up 35%
Ideas: Several Gold stocks look bullish…
EBS- 7 week correction and possible reversal back up for Vaccine/Therapeutics developer
VIRT- 3 weeks tight base near highs, 3rd week in a row on the list
TMO- 5 weeks tight base near highs. Medical Instrument manufacturer
MRVL- 4 weeks tight pattern within an overall 11 week base. Integrated Circuits.
FUTU- 5 week corrective pullback pattern. Chinese online brokerage holding company
DOYU- 7 week overall base near highs, SRP Re-entry position after pullback, looks bullish still. Chinese online gaming
IIPR- 7 weeks tight base near highs, Real Estate REIT mostly for Cannabis growing properties, 2nd week in row on list
SCPL- 16 week overall base, started moving up again last week. Digital Game publisher
GMAB- 7 Week base pattern breakout last week. Develops anti-body therapeutics, a hot sector.
GOLD- 9 week base near highs, Barrick Gold
KL- 8 week base testing 10 week line, Gold producer
WPM- 9 week base, Canadian owner of purchasing rights for Gold and Silver
HUYA- Similar to DOYU, may merge. Nice 7 week base near highs for Gaming producer
TENB- 5 week corrective pattern, pulling back off highs, on our list recently. Cyber Security Platform
CRWD- 3 weeks tight base near highs for Software security solutions provider
SAIL- 7 week base, test of 10 week line, Identity Software
ESTC- 5 week consolidation base near highs, Revolutionary search engine for multiple applications (Auto etc)
FVRR- 7 weeks tight base near highs, outsourced digital workers
RKT- Post IPO pullback after a surge up for Rocket Mortgage
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below
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Read up on my various offerings to take advantage of Bull and Bear cycles at TheMarketanalysts.com
Swing Trading and Momentum Stock Services:
Stock Swing Trading, 3x ETF Bull and Bear Swing Trading, E MINI/Micro-MINI Futures Trading, Momentum Growth Stock investing
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.
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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 Tax Favorable trading. See details here: Stocktwits.com
Auto-Trade ES Futures service– ESAlerts.com $149 a Month, $349 Quarterly, We auto execute Micro-MINI contracts $1,500 per contract roughly for members who are too busy to handle alerts and trading on their own. Track Record on fire since Late April change to Micro-Mini’s.
Tipping Point Stocks– A long term momentum growth stock service looking for 50-200% gains. Recent sample TFFP up 180% in 9 weeks! Join and add momo growth stock plays to your swing trading! Use Coupon SAVE25 to save 25%.