10 Oct 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 October 11th 2021
“Hi Dave,It’s been quite a while since I’ve checked in. I hope all’s well with you. Couple weeks ago I re-upped for my 2nd year in SRP. Just wanted to say thanks for all the excellent trade alerts over the past year. I’m really enjoying your service as a valuable component of my overall market approach. I’ve also noticed that you don’t go crazy with new alerts when the market/sentiment is iffy, which is impressive. Great job (not that you need me to tell you that!)” – Matt Shearer- SRP member, 9/21/21
“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: SP 500, XBI , IWM
- C wave lower than the A wave, creates ZIG ZAG likely low. Looking for continuation
- SP 500 chart shows ABC correction
- Biotech needs a rally… steep ABC sell off after last leg up (Chart)
- Small Caps holding up well, possible bullish triangle still forming (Chart)
- SRP goes slow a week ago with no alerts during the C wave drop, last week added 2 new positions though and avoided big washouts by only having a few positions active during the big correction
- 3x ETF taking a shot at Biotech with initial LABU position
- TPS put out two new research reports this past week and soon CRYPTO Tokens/Coins Advisory
- Futures service made a 20 point scalp and then flat rest of week
Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for members
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
General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500 and more
Chart this week on SP 500, SOX ETF, IWM ETF
It would appear as we move towards October 18th, when Mercury reverses and goes direct from Retrogade that hte market can resume its Bull Market. This past week ES futures put in a low of 4260 which was 20 points off my LOW END 4240 support or shall I say KEY SUPPORT zone. So far we rallied strong to 4400 which is another natural resistance zone. Barring some really bad news, the price lows at 4278 should be in for SP 500 and we can work through the usual October Fiscal Year end machinations and start the usual Nov-Dec advance. My long term target remains 5500 on the SP 500 as long as 4240 area holds.
Small caps are trading are amazing valuations and offering the best risk reward in my opinion for the brave. Biotech has been struggling for months. Some of that I believe is due to the FDA not approving much in the way of new trials and or drugs, lack of leadership if you will. This past week though CCXI got approval and maybe we will see a turn in sentiment soon.
SRP sat tight last two weeks with few new alerts as I wait for a confirmed or close to confirmed market bottom before getting active. I added two new alerts late in the week this past week for SRP Swing members, also two brand new TPS long term position research was sent out this week on Thursday and Friday, first ones since July. Its’ been a long 7 months in micro-cap land…
NEW SERVICE COMING TO STOCKTWITS THIS FALL- Recent IPO plays
I’ve had a lot of success over the years 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). The room is getting set up and I will offer large discounts to SRP and TPS Members upon debut. I will be doing “Featured Posts” on Stocktwits in conjunction with them on various POST IPO companies as well.
Charts: SP 500, XBI ETF, IWM ETF
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. We will be moving towards recent IPO plays going forward to add to our small cap names
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
- Stocktwits @stockreversals for daily 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
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 10/10/21
DVAX- 7 week volatile base not too far off highs. A little wild action but could break out soon. Develops vaccines using immunostimulatory sequences technology to prevent infections.
INMD– Israeli seller of radio frequency devices used in minimally & non-invasive cosmetic procedure/women’s health. Correcting after 2 for 1 split and big run up, former high 180 pre split, now 140 equivalent or $70 a share post split. Needs to hold the 67-70 area but could be a reversal candidate depending on market health near term
TASK- 6 week corrective POST IPO Base, needs to hold 57. Provides digital outsourcing focused on serving tech companies to represent, protect and grow their brands.
CELH- 5 week base near highs. Develops and markets functional calorie-burning fi tness beverages
under the Celsius brand in U.S.
PRFT- 6 week base near highs. Provides information technology consulting services to Global 2000
and other large companies
APPS- 5 week ascending base about $10 off all time highs. Develops mobile software that enables mobile content distribution and transactions
SF- 23 week week base but close to a breakout. Provides brokerage, trading, investment banking/fi nancial advisory
services through 392 offi ces in 48 states
BLDR- 9 week base near highs. Needs to hold 52 area. Manufactures structural and related building products for residential new construction in the U.S
CARG- Close to breakout out of 7 month consolidation and climbing up right side of chart. Provides online automotive marketplace connecting buyers and sellers of new and used cars, but new product offerings are accelerating growth.
PGNY- 6 weeks consolidation near highs. Provides fertility and family building benefits solutions in the
United States for 2.7 mil members. Needs to hold 57 area. New SRP Position
UPWK- 9 month base. At $54 area a breakout of $59 could start a run up. Operates an online platform that connects businesses and freelancers and clients in over 180 countries.
AMN- 6 week base about to break out to highs. Offers permanent and temporary staffi ng of physicians and nurses to
healthcare facilities in the U.S.
TROX- 4 weeks tight near highs. Manufactures titanium dioxide, titanium feedstock, zircon and electrolytic and other chemical products
OLPX- New IPO, only 2 weeks trading but ascending base looks bullish. Operates as holding Co that manufactures hair care products, shampoos, conditioners, oils, and smoothers.
JAMF- 4 week ascending base near highs. Standard in Apple Enterprise Management and cloud software platform
for infrastructure and security. Needs to hold 37 area. New SRP Position
TIXT- 6 week base, needs to hold 34 area. Designs, builds, and delivers next-generation communications and
information technology solutions.
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
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
E-Mini Future Trading Service ESALERTS.COM $50 a month on Stocktwits.com
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.