29 Nov 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 November 30th
” I haven’t sent you an email for a long time and now I grab the opportunity to thank you once again for extraordinary services you are offering, I really couldn’t ask for more! You are doing a fantastic job and there are no words for your professionalism, consistency and accuracy, not to mention how easy you make trading seem…we all know how difficult it is actually! Btw I have been a member of your 3xETF service for almost six months and I am really happy with that too… I don’t want to be without your service , not even for one day… Again thanks a million and my best wishes to you and your family!”
– Bill L. SRP/3x ETF member 10/30/2020
- Called the large move on Monday out of range in last weekends report, all time closing highs
- Also projected the Biotech breakout, we are up huge on LABU trades in 3x ETF Service
- Gold also continued in downtrend and weak per forecast last week
- 3x ETF service goes long China via YINN and it rocketed up over 8% Friday 1 trading day later
- Major Wave 5 of SP 500 targets 3996 as likely, with 3740 initial resistance (Chart)
- SRP Stock Trading service banks big wins on PRVB, PINS, YETI plus new alerts going up!
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- Gains taken partially in YETI, PRVB, and PINS of 8-11% each
- 3x ETF- LABU rocketed up huge on Friday 1 day after alert as did YINN trade
- ES Futures- Guidance from 3575 to 3635 trade early in week paid off
- TPS- INMB is a stock to watch and we will be adding new positions shortly
General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500
SP 500 and Market Commentary
Last week was bullish as projected last Sunday in the weekly report. We have a seasonably favorable period here right into Christmas holiday if patterns hold true. In Major Wave 5 with my projection of 3800 on the low end but we could head as high as 3996 (Close to 4000) before we see an intermediate correction pattern if I am right.
Biotech (XBI ETF) blasted upwards late in the week as projected here last week. We were back into LABU at 74-75 areas on Wednesday in the 3x ETF service, so we are up 9 points already with a target of 88. We also jumped into the China FTSE 50 via YINN 3x Bull on Wednesday and that rocketed up on Friday as well in the 3x ETF service. The SRP stock trading service was well positioned with PRVB, YETI, and PINS all turning in 8% plus gains that we took 1/2 profits on not to mention other new plays we alerted. A great trading environment and one of the reasons we do well in these various trading services is I take a top down market approach, and then if I have a green light we drill down and attack in the strongest sectors.
If the Elliott Wave analysis I see is bullish in my eyes, we start positioning our sailboat to catch those tailwinds as they come on strong. When I think we are getting near the top of the range, I step off the gas and we close out trades aggressively before the downturn wave hits… easier said than done but that’s the methodology that works consistently. Hence the pivot into Biotech recently in both services SRP and 3x ETF for example.
Charts this week SP 500 daily and Weekly with counts
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In addition to being a member of various services, you can follow my comments during the week:
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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.
PINS, VIPS, ETSY a few of the winners of last weeks list (We are playing PINS at SRP)
Ideas: Some repeated if still looking bullish and others newly added
ENTG- 2 weeks tight base near highs for specialty materials maker
FIZZ 3 weeks tight base near highs for beverage maker
FUTU- 3 weeks base near highs for Chinese online brokerage platform
*PCRX- 3 weeks tight base near highs, returning to list. Develops specialty pharmaceuticals using drug delivery technology
MNST- 4 weeks tight base within over all 17 week flat base for Beverage maker
SNBR- 4 weeks tight flat base near highs for Sleep Number mattress maker
DQ- 8 week flat base near highs for Chinese based photovoltaic maker (Solar)
*STRO- 4 week base near highs, develops protein therapeutics for cancer and autoimmune disorders
*MRVI- Recent IPO, 2 weeks of trading only, but in the right place at right time. Provides products to help develop drug therapies, diagnostics, novel vaccines, and supports research on diseases
*YALA- United Arab Emirates based social platform. 4 week consolidation near highs for recent IPO
LOGI-6 week corrective base not far off highs and testing 10 week line for peripherals maker, moved up last week off of this list
GNRC- 8 week flat base near all time highs for maker of standby power generators and components
BLDR- 4 week ascending base, moved up last week off this list at highs for building products maker
PKI- 4 week consolidation testing 10 week EMA Line this past week on pullback. Instruments maker, high demand.
APPS- 4 weeks tight within 6 week overall base/correction pattern. Volatile stock, SRP is long, Looks good
TPX- 5 weeks ascending base near highs for mattress maker
BRP- 13 week overall base and 3 weeks tight near 52 week highs breakout, pushed up this past week off our list, but still attractive. Insurance products broker to 450,000 clients
ESTC- 15 week flat base near highs for this search technology firm
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below
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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– Stock 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 7 years of advisory services! Track Record of 2019 and 2020 Trades
Tippingpointstocks.com– Growth Stocks with 50-200% upside with our proprietary research! OTRK, TFFP recent big winners! Fresh ideas every month.
E-Mini Future Trading Service ESALERTS.COM $50 a month on stocktwits
SP 500 Futures Trading Advisory service. Hosted on Stocktwits.com… 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.