05 Jul Weekly State of the Markets and Swing Trading Ideas Report
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Weekly Stock Market and Trading Strategies Report Week of July 6th
“Honestly, you’re the best , I tried many paid services but none comes close to you. Thanks for sharing”– Ed Zerrei, The3x ETF Trader member 7/2/20
“For real. Dave is money. Most consistent trader I have seen.” – @partrader 7/2/20 Stocktwits E Mini Futures Service
- End of quarter completes, pension money flows in last week to start 3rd quarter
- SP 500 resistance in 3150’s must get taken out for Bulls , 2950’s intermediate support
- Biotech looks poised to continue to lead and break out again (See XBI Chart)
- Bullish Advisors still running high at just over 54% vs only 19.8% for Bears
- Strong profitable sweek for all trading advisory services once again
Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing
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 4 services for members:
- Stocks- CATS breaks out big and we sell final 1/2 for 22% gains, issued 2 new alerts
- 3x ETF- Entered LABU and up about 7% as of Friday close and holding
- ES Futures- Booked a near 40 point gain going long ES and ended week with no position (13% gain)
- TPS- Big move up in CATS on national rollout news, Recent position also close to a 52 week Post IPO Breakout
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! 80% success rate since inception! 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 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 CATS! 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:
So far a “Truncated” ABC pattern where the C wave has a higher low than the A wave down. This can set up a bullish rally, but I do think we may be a little volatile for the next 10 days or so in the markets. That said, Biotech and Tech continue to lead and we continue to focus on those areas for Swing Trading in my various services whether it be SP 3x ETF trading and or Stocks etc.
Biotech in particular leading and we are long LABU in the 3x ETF service coming into this week looking for strong gains in the next short term period of time. Early in the week we went long DRV and TZA but I took both trades off a tiny profits and or break even and rotated my 3x ETF members into the bullish 3x ETF LABU for Biotech as I saw the truncated C wave and shifted gears quickly.
The SP 500 chart is below, and we are looking for confirmation of an upside breakout with a close over 3155 area, and this was hit late on Friday with resistance selling.
SP 500 Chart:
Biotech XBI ETF Chart: 8 day base looks bullish
Markets may be in a range as we get ready for 2nd quarter earnings reports to start up soon and see if we get any outlooks from management teams on the conference calls.
Other Sentiment 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. 54% Bullish Advisors vs only 19.8% Bears. Typically when we are at 3 to 1 ratio its at extremes, often near market interim tops. Bears moved up some last week as Bulls also dropped back.
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
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 PLMR
Repeated from Last week: (Consolidating or did not yet break out)
AAXN- 4th week in row on list. Law enforcement devices like Body Cams etc. 5 week corrective base. Should see orders explode going forward given the police issues around the country. Current SRP long position.
DT- 3 weeks tight base near highs, second week in a row on list. Security solutions provider for enterprises
FTNT- 10 week overall base for threat management systems provider. 2nd week in row on list
CHGG- 9 week overall base, current SRP position. E Book, Text Book etc College play. 2nd week in row on list
SAIL- 4th week in row on list. Moved up last week, strong ascending pattern right side of base. Identity software that assists organizations.
NARI- 7 week Post IPO base, 2nd week in row on list. Recent IPO of Venous disease solutions (Biotech)
ZYXI- Has been on list several times. Post IPO 4 week tight consolidation near highs
CRWD- 5 week base near highs. Software/security solutions company
GO- 12 month Post IPO right side base possible breakout soon. Discount Stores growing rapidly
ZS- 6 week base near 52 week highs. Global Cloud Security architecture.
SSR- 8 week base not far off 52 week highs for Silver and Gold exploration firm
CORT- returning to the list again, 2 weeks tight base near highs. Drug developer, recent winner at SRP.
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below
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, $1,500 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. TRACK RECORD ONLINE
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)