05 Jun Weekly State of the Markets and Swing Trade Ideas Report
SWING TRADING OF 3X ETF’S , STOCKS, E MINI SP 500 FUTURES, CRYPTO, AND MOMENTUM GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
StockReversals.com Members get an exclusive 25% coupon offer to join our SRP Swing Trade or Momentum Growth stock TPS subscription services.
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, CRYPTO AND GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
Weekly Stock Market Forecasts, Charts, Crypto and Trading Strategies Report
Week of June 6th 2022
“By the way I want to thank you once again for the amazing service you are offering…Have been a member of SRP for more than 4 years and I really have no words…only huge respect and gratitude…my account keeps growing steadily and consistently…it’s really a blessing for me and my family…The 3xETF service is a huge additional value to my portfolio and I plan to join more of your services very soon…” Bill L.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 S.- SRP member
“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!” @JTD26 on Stocktwits
Market Notes and this weeks charts:
- Markets pullback on Friday but in 5 day base, Monday will be key (SP 500 Chart)
- Biotech relative strength and we are long LABU in the 3x ETF service with a nice pop end of week (Chart)
- XLE continues to lead (Energy Sector) SRP riding the wave with VTNR this past week (Chart of XLE)
- Some warnings from Elon Musk and Jamie Dimon on economic drop have some investors worried, have to pick your correct sectors and stocks carefully, which is what we do at SRP, 3x ETF , Futures services
Recent results: 3x ETF and SRP Stock swing services crushed it again this past week
- 3x ETF booked 10% odd gains in LABU for 1/2 our full position which we double up on earlier in the week, biotech I thought was setting up nicely (Way outperformed on Friday)
- Futures service guided during the week but missed on a trade
- SRP re entered VTNR and saw it rip for gains and took 1/2 profits at 9%(Energy play), also booked profits on TWI to close it out, AMD for 15% to close it out, and AG for 9% on 1/2 the position (Silver play broke out).
- TPS service likely going to have a strong 12 months from here, reminds me of 2018, 2020 market lows and getting ready to recommend biotech play that trades at cash per share with no need for raises for 2 years…
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
Market Notes and Commentary: 5 day consolidation with pullback Friday, need to see pop Monday
At the end of the day what matters is how you play the market hand you are dealt. You must profit take all the time as a rule , but especially now in this very volatile market environment.
We sold AMD for 15% gains at 109 from 94-95 entry before it dropped. We re-entered VTNR (Refiner play) after a pullback and sold 1/2 on a big pop the next day, still ripping on Friday to 52 week highs! We sold out of FAS last week as it topped out, we entered more LABU (Biotech) on the the dip this past week and then sold 1/2 on Friday on the pop. You must have a plan for trading… and discipline. We held FAS for almost 2 weeks (Silver play) then it shot like a cannon on Thursday to the upside and we sold 1/2 for 9% gains. Make sure you belong to SRP, 3x ETF and Futures trading services to profit in all environments. Sector focus is key now, and then you drill down within those sectors to play the swings.
Right now we are at another pivotal week here… Monday is key as we are in 5 day base patterns for SP 500 and NASDAQ. Energy continues to lead so we are playing that, maybe some biotech coming up, and we played chip stocks (AMD) this past week for nice gains. Have to be nimble and careful at the same time right now.
See charts: XLE Energy, SP 500, XBI Biotech
Trading Ideas: Swing Trade List… key to watch and use
The Swing Trade ideas list is updated at the bottom of this report and reflects strength in certain sectors based on market conditions we are in now. My method for finding stock swing trades is a combination of top down market projections, sector strength, and behavioral chart patterns that line up with strong fundamentals. This has worked for 13 years now since in the inception of my swing trade services with 70% success rates in all market cycles. Join at srpmembers.com
Consider joining my 3x ETF swing room on Stocktwits, gives you really nice exposure to sector swings based on behavioral patterns. Removes single stock risk and gives you better beta and lower risk with your overall trading plans (SRP, 3x ETF, Futures etc)… Big gains this past week early June on LABU were taken for 1/2 at 10% profits. FAS the week prior for 9% gains, we move in and out with key behavioral pattern timing!
Read up at the3xetftrader.com and join on stocktwits at $40 a month.
Futures service is also on Stocktwits and just $50 a month, huge profits last several weeks and you can now sign up for Auto-Trade platform again!!
Members of all the premium services are updated daily on market maps and forecasts and we strategize accordingly.
Tipping Point Stocks- Wealth building looking for multi-baggers before the crowd comes in, 9 stocks have more than doubled since June 2020 after Covid Bottom. Bear cycle likely bottoming here May 2022 like 2016, 2018, 2020 bottoms (Every 2 years)
May be issuing a Biotech report this week trading below cash per share, no need to raise money for 2 years, and meeting all of the key endpoints in initial trials on big indications…
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 6/5/22- Some new some repeated as usual. Always provides winning ideas that are timely with current market conditions.
ARIS- Broke out of multi month Post IPO base, pulling back a bit. Provides infrastructure and solutions to directly help customers reduce their water and carbon footprints.
ZIM- 2nd week in row on list. Now trading ex-dividend, so have to watch the action but 2 weeks tight closings now. PE is 1 and dividend is huge due to high shipping margins. Israel-based asset-light container liner shipping co provides cargo solutions for all industries. Building right side of base may re-attack all time highs.
PFHC- Broke out last week after 2 weeks on the list but could be a buy on a pullback if so. a Recent IPO, only 16 days of trading of trading, in the infrastructure side of Oil and Gas drilling etc. Pressure pumping Co, provides hydraulic fracturing services with equipment, manufacturing and distribution. Could push to highs soon, volatile trader so far.
ATKR- 6 month base close to breakout, PE 6. Manufactures electrical and mechanical products for the nonresidential
construction and industrial markets.
MTDR- 2 weeks tight closings near highs. Energy play we made money on prior. Engaged in oil and gas exploration and production in areas of Texas/Louisiana. PE 11
ONTO- 2 weeks tight closings. Makes automated and integrated measurement and inspection systems
for semiconductor and flat-panel displays.
CLR- 2 weeks tight closings, perennial winner when oil is in bull market. Engaged in the exploration and production of oil and gas in the north, south and east regions of the U.S. PE 11
ADM- 7 week corrective base, but needs to move up soon from last 2 weeks consolidation. Processes and markets agricultural commodities and processes oilseed for the food and feed industries.
MUSA- 7 week flat base near highs. 2nd week on list. Markets retail motor fuel products and convenience merchandise
through retail stations in 27 states
CRK- 2 weeks tight closings near highs. PE 14. Engaged in the exploration and production of oil and natural gas
reserves primarily in Texas and Louisiana.
GPK- 2nd week in row on list. 2 weeks tight closings. Close to breaking out of multi week base near highs. Makes paperboard packaging products for companies in the food, beverage/household products industries. PE 17 last quarter EPS up 87%
GOGL – 3 weeks tight closings near highs. International tanker company primarily focused on the seaborne
transportation of dry bulk cargoes
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 of780% 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 2019-2022 trades online
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 positions and ongoing advice. Bear cycle bottoms in 2018, 2020, and likely 2022 so good time to get involved now in 2022 as we likely trough out in the market.
SP 500 Futures Trading Advisory service. Hosted on Stocktwits.com and also Auto-Trade option outside of Stocktwits… 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.