29 Aug 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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Read up on all 4 Subscription Options at TheMarketAnalysts.Com or bottom of this Report
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 August 30th 2021
“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
Market Notes and this weeks charts:
- Swing Trade List did great again last week. Last weeks big winner was BILL up over 35% and several others did well like KLIC (SRP Position), NVDA, SPT, INMD etc. Always review it weekly.
- Small Caps double bottomed as noted in a chart last weekend (IWM UP)
- Biotech bottomed, we rode LABU for big gains at 3x ETF service buying the last dip (XBI)
- SP 500 keeps climbing towards my 4550 target put out in May
- SRP hits big on KLIC late in week, patience usually pays on our swing alerts (Up 10% plus)
- KLIC ripped higher on Friday giving us 10% gains at SRP and selling 1/2 position
- 3x ETF huge up move on LABU position, sold 1/2 for 10% on Friday (Biotech)
- Futures service missed entry on pullback but I guided for 4550 to members
- TPS positions starting to move up with Biotech and Small Caps bottoming (ATOM and others)
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
General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500 and more
Chart this week on SP 500, XBI ETF, IWM ETF
Markets and Swing Trading,
Nice to see Biotech and Small caps joining the party, although maybe a little late. They could both be relative out-performers from here into year end. That said, keep and eye on 4550 on SP 500 my longstanding Wave 3 target zone since May. That SHOULD be major resistance for awhile as we now come up on September profit taking quarter end and then the usual October bottoming as fiscal year end winds down that month. Expect volatility around that area.
As noted last week , the CNN Fear Gauge was giving extreme high readings and therefore opportunity. This proved correct as many small caps and biotech names ripped higher last week off double bottoms in those indexes.
Repeated for reference from last Sunday: This proved to be a good buy signal last week!!
“The McClellan Volume Summation Index measures advancing and declining volume on the NYSE. During the last month, approximately 8.78% more of each day’s volume has traded in declining issues than in advancing issues, pushing this indicator towards the lower end of its range for the last two years.”
NEW SERVICE COMING TO STOCKTWITS THIS FALL
I’ve had so much success with Post IPO stock swing trades over the years that I am starting a new Stocktwits Service this fall just for Post IPO trading only. Details to come as I develop that room. I will continue to incorporate Post IPO trades here and there at SRP of course, but on Stocktwits this will be a “Pure Play” if you will on just Post IPO companies. (Gone public within 2 weeks to 6 months).
Charts: XBI ETF, IWM ETF, SP 500
Tipping Point Stocks- Wealth building looking for multi-baggers before the crowd comes in, 9 stocks have more than doubled since June 2020. A New position in the Real Estate TECH area was just released on 7/23 to TPS members. Also recently a new re-entry name in the Chip Equipment sector as well.
Consider joining for powerful upside potential in a portfolio of 8-12 names that is dynamic and moving.
Read up at Tippingpointstocks.com
In addition to being a member of various services, you can follow my comments during the week:
- Twitter @stockreversals
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- Follow me on Linked In as well where I provide periodic updates to professionals
Swing Trade 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
Updated List 8/29/21- Last weeks big winner was BILL up over 35% and several others did well like KLIC (SRP Position), NVDA, SPT, INMD etc.
ATKR- 4 week consolidation near highs. Manufactures electrical and mechanical products for the nonresidential construction and industrial markets.
ASAN- 5 week tight base near highs. Develops work management platform designed to assign tasks and
to track the progress of projects
CELH- 13 week base near highs. Develops and markets functional calorie-burning fi tness beverages
under the Celsius brand in U.S
DOCS- Post IPO 3 week ascending base with pullback last week. Offers cloud-based platform for medical professionals and physicians with tools across 50 states.
SNAP- 6 week base near highs. Operates the popular Snapchat mobile application for Android and
GLBE- 5 week base near highs. Israel-based Co provides platform that enables global,
direct-to-consumer cross-border e-commerce solutions
RCII- Cup with handle base that started in March 2021, looks close to breakout. Operates/franchises 1,973 stores offering furniture and electronics in the U.S., Canada, Mexico
JBL- 5 week base breakout last week, looks poised to run. Contract manufacturer of electronics for aerospace, automotive, computing, consumer and medical industries.
PLTR- 12 week POST IPO Base looks poised to run higher. Company builds software that empowers organizations to effectively integrate their data, decisions, and operations.
SQ- 7 month base but looks poised to break out and payment processing is hot. Provides point-of-sale software to manage receipts, inventory, sales reports with analytics, feedback
STEP- 6 week base near highs. Provides investment solutions and advisory data services to the most
sophisticated investors in the world
BRDG- 3 weeks ascending base breakout Post IPO Base near highs. Real estate investment and property management fi rm that invests in real estate equity and debt.
SNPO- Post IPO Base. 5 week breakout last week, could still run. Provides smart living solutions and products for connected homes and businesses.
AMD- Current SRP position. 5 weeks tight closing near highs. Designs microprocessors, embedded media/graphics processors and chipsets for computers and consumer devices.
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below or at Themarketanalysts.com
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 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
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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.