06 Jun Weekly State of the Markets and Swing Trading Ideas Report
TheMarketAnalysts.Com
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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 June 7th
“I’ve mentioned it before, but it’s worth mentioning again. I’ve been a subscriber in three of Dave’s services – SRP, TPS and 3xETF for about a year now. Because I feel so highly in regards to Dave’s services and the performance I’ve experienced; my daughter, my brother and another friend have become subscribers to at least one of his services. I’m working on a couple other people as well😉 Dave thanks so much for all you do!” – 1/7/21- @JTD26 on Stocktwits
Notes on indicators and charts:
- SP 500 pushed to upside in Week 8 which was key for bulls (Chart)
- IWM ETF also strong, needs to take out 231 on this uptrend move to break out of range
- QFIN rips huge for SRP members with 25% pop on final 1/2 of trade (Chart)
- LOOP up 50% for SRP members as we finally sell 1/2 after 3 months of holding position (Chart)
- 4600 remains intermediate SP 500 target
- XBI ETF (Biotech) continues to consolidate in multi week range (Chart)
Recent results: Took 25% gains on QFIN and 50% Gains on 1/2 of LOOP in SRP service. TPS has a new position which we are accumulating for 2.5-3x potential. 3x ETF took a loss on NUGT while holding a long 1/2 position in LABU (Sold 1/2 for big gains already). Futures service guided for higher ES this past week and was correct.
Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for members
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General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500
SP 500 and General Market Commentary
Last weeks notes from May 31st:
“SP 500 in the 8th week this week of a consolidation which appears bullish. We need to take out prior 4236 highs to start a possible intermediate run to 4600 area. NASDAQ 100 (QQQ) needs to take out 337 price range per my 3x ETF service updates last week. Small caps remain in an 8 wave sideways running correction, these are usually 7, 9 or 11 waves… so for this to breakout we need to take out the highs on this move up (Wave 8). “
It was a moderate gain for the week in the SP 500 but nonetheless a bullish move. Also the Small Caps (IWM ETF) need to continue the upside to break out of that rooftop pattern I outlined last week. QQQ also is still a little short of the key 337 area to take out.
SRP members profited finally from a near 3 month hold in LOOP, finally ripping higher the last week or so and we sold 1/2 for 50% gains on Friday. QFIN also came up strong with a 25% move from our avg entry at 28 to close that final 1/2 out for gains. See the charts showing those two trades. Most of our Swing Trades are multiple days to 3-4 weeks in duration, LOOP was and is an outlier due to expected news flow that took longer than planned.
Starting to see a lot of small cap charts moving “Up and to the right” over the last few weeks , such as ATOM, GBOX and others we have covered or cover in the long term TPS service where we aim for 50-200% plus gains on each position before closing them out.
I still see that Bitcoin is holding well over the key 33,000 area and Cardano (ADA.X) which I mentioned last weekend may be continuing to set up bullish here potentially as well.
Charts this week on SP 500, XBI ETF, and LOOP, QFIN
Tipping Point Stocks- Wealth building looking for multi-baggers before the crowd comes in, 9 stocks have more than doubled since June 2020. Looking to add Crypto analysis near term after this correction cycle winds down in Bitcoin etc. Crypto 3.0 research and advisory added soon! Recent new pick that is a SPAC about to complete a merger just out last week and in buy ranges!
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Ideas with a combination of strong fundamentals and attractive behavioral pattern charts combined. List is updated every Sunday, names removed if they broke out to the upside strongly and or broke down. New names added, many names repeated if still in a bullish pattern. A lot of stocks will pull back harshly right before a big breakout reversal, so be advised
TIGR- 16 week overall base, strong move up last week but has room to climb to try to take out old highs still. Chinese company provides online brokerage platform focusing on global Chinese investors.
INMD- 8 week overall base, trying to attempt another breakout to highs. Israeli seller of radio frequency devices used in minimally & non-invasive cosmetic procedure/women’s health.
CDNA- 8 week recent base. Trying to move up the right hand side. Develops diagnostic surveillance products used to monitor organ transplant recipients
LOVE- 4 week ascending base near highs. Have traded this profitably at SRP before. Manufactures and sells foam fi lled furniture, sectional couches, and related accessories
CLF- Resetting a nice base after SRP made nice money on this recently. 5 week consolidation. Producer of fl at-rolled steel and supplier of iron ore pellets in North America.
PLBY- 8 week base consolidation post SPAC merger. Provides products, services, and experiences related to pleasure and leisure via flagship brand, Playboy
UCTT- 10 week base near highs. Manufactures gas delivery/chemical mechanical planarization
systems for the semiconductor sector.
ESI- 5 week consolidation near highs. Makes a broad range of specialty chemicals used in the electronics,
metal and plastic plating, graphic arts
YETI- 8 week flat base near highs. Current SRP position. Designs, manufactures and marketing innovative and outstanding outdoor products.
HVT- 4 weeks tight near highs. Operates 120 specialty residential furniture stores in 16 states in the
Southern/Midwest regions.
HAYW- 5 week ascending base at highs. Manufactures swimming pool equipment and associated automation
systems primarily for the residential market.
SEMR- 5 week base near highs, recent IPO. Provides SaaS platform to run SEO, pay-per-click, content, social media,
and competitive research campaigns
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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 80% 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 nearly 8 years of advisory services! Track Record of 2019, 2020, and 2021 YTD Trades
Tippingpointstocks.com– Growth Stocks and advice with 1x-5x plus upside with our proprietary research! 9 stocks have doubled or more since June 2020! Fresh ideas and research every month as the portfolio rotates with regular updates every week on all positions and ongoing advice. Adding Crypto Trading advisory services summer 2021 to TPS and recently a new NFT related research report just out last week of May with 2-3x upside.
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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.
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