15 May Weekly State of the Markets, Crypto and Swing Trading Ideas Report
SWING TRADING OF 3X ETF’S , STOCKS, E MINI SP 500 FUTURES, CRYPTO, AND MOMENTUM GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
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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 May 15th 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. 1/3/22
“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 S.- 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:
- ABC correction to 3850’s on SP 500 would qualify for strong rally due to 38% retrace (Chart)
- QQQ /NASDAQ 100 also hitting close to typical pivot lows in it’s cycle (Chart)
- Fear index (CNN) hit an extreme reading (Panic) of 6 this past week! (Chart)
- % Of NASDAQ stocks below 50 day MA line at lowest since Covid crash lows 2020 (Chart)
- Worst Astro Cycles in many years completed on May 14th
- If we do not rally hard now, not sure when… 4280 SP 500 resistance, 3800-3850 key support
- 3X ETF positioned 3x bull SP 500 on Friday, forewarned of huge rally reversal nigh on Thursday
- Futures service has been killing it with consistent profits, hit for 70 points on Friday alone (3960-4030)
- SRP positioned long in Energy Stock Diesel play on Friday, up nicely already, have been high in cash for awhile
- TPS service likely going to have a strong 12 months from here, reminds me of 2018, 2020 market lows
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: ABC Lows in and now ABC B?
The charts can speak for themselves this week. Essentially though we had MULTIPLE indicators and readings similar to 2002 and 2009 bear cycle lows adding up this past week. SRP members and other services were made aware of these on the regular updates. The rebound on Friday was well overdue, but still a bounce. Watch 4280 as SP 500 resistance, and 3800-3850 key support.
NASDAQ 100 often bottoms around it’s 34 week EMA which got close this past week (2016, 2018, 2020)
SP 500 will bottom around 34 month EMA, 2016, 2018, 2020, 2022?? (Note the 2 year cycles)
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)… 19% gain this past week in SOXL was nice.
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)
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 5/15/22- Still quite a few energy related plays. Likely to see huge rebounds % wise in Tech stocks though which were the most beat up and will not show on my screens that I work on.
So reversal plays will be strong near term, the list below would be considered more relative strength plays over last many weeks vs market etc… with strong fundamentals.
AMD- Possible double bottom at 83, rebound Friday, must take out 96. Fast growing chip maker with buyback.
CF- 8 week base near highs. Manufactures nitrogen fertilizers including urea, ammonia nitrate/
urea ammonium nitrate in North America.
MUSA_ 4 week base near highs. Very high Oil margins. Markets retail motor fuel products and convenience merchandise
through retail stations in 27 states
NFE- 7 week base near highs. Operates as an integrated gas-to-power company that develops,
and constructs energy infrastructure assets.
CVE- 2 weeks tight closings at highs. Engaged in oil/natural gas exploration and production in Alberta
and Saskatchewan and refi ning in the U.S.
MRO- 8 week base near highs. Engaged in oil and gas exploration and production, oil sands mining
and integrated gas services worldwide
OXY- 11 week base near highs. Buffet just added to his position. Engaged in the exploration and production of crude oil and natural gas worldwide. Typically very high margins.
TWI- Near highs, infrastructure play. Manufactures off-highway wheels, tires and assembly products for
GOGL- 5 week base 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 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.