17 Apr 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 April 18th 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:
- SP 500 continues to correct into my April 18th projection window ,4340/4350 area key
- Tech stocks correcting along with SP 500
- All stocks in the IBD Big Cap 20 this week are Energy or Fertilizer based companies (interesting)
- Biotech corrects hard, 3x ETF service sold it awhile ago on the pop
- Crypto also correcting hard over past week or two
- Astro Cycles could turn positive this week lifting markets (Behavioral pattern)
- AAII investor sentiment survey at most bearish readings in 30 years (Bullish contrarian indicator)
- CNN Fear and Greed index is at neutral 44 reading
- 3x ETF has only one position open. we sold out of LABU, TNA, SOXL over past few weeks for nice gains
- SRP has been going slow on alerts for stocks on purpose. All 3 of our stocks were up this week during down market, GOGL, CARG, HRMY
- Futures service has been warning to short the recent topping area with possible 4350 target
- TPS crypto positions pullback after recent surge, CARG doing well, others lagging with small caps /tech for now
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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
Market Notes and Commentary:
Bitcoin and other Crypto’s have pulled back over past few weeks after a surge up (LUNA, Bitcoin etc)
Watching the 4340-4350 area as key support on this so far expected and normal market pullback after the Quarter end run up in March as projected
Chip Stocks have been slammed last few weeks since we closed out a profitable trade in SOXL at the 3x ETF service
Biotech in a 13 week base, needs to move up soon in my opinion
In my SRP stock swing trade service when I project a market correction based on my interpretation of behavioral patterns I go slower on new alerts and obviously focus on relative strength sectors if we do put them out. Late in the week we had a huge pop up in GOGL for example which we had held a few weeks , also seeing strength in CARG and new position HRMY… only 3 open currently. In the red day on Thursday all 3 of our stocks were green.
In a bear cycle, you can still spot stocks uptrending and bucking the overall trend. Of late obviously the leaders have been inflation based plays. To wit, the IBD Big Cap 20 has almost every stock in the Energy or Fertilizer area with the exception of Pfizer. Does that mean they are peaking out? Possibly but for now the charts all look strong
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.
Charts below: Bitcoin, Semiconductor Index, SP 500, Biotech
Tipping Point Stocks- Wealth building looking for multi-baggers before the crowd comes in, 9 stocks have more than doubled since June 2020. Getting involved in Decentralized Finance Web 3.0 boom now with Stable Coin Play and an ETF Issuer stock play in Europe and will add more soon as Bear cycle winds down in Bitcoin.
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:
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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 4/17/22
CF- 4 week base near highs. Manufactures nitrogen fertilizers including urea, ammonia nitrate/
urea ammonium nitrate in North America.
CLF- 4 week base near highs. Producer of fl at-rolled steel and supplier of iron ore pellets in
MTDR- 4 week base near highs. Engaged in oil and gas exploration and production in areas of
CPE- 7 week base near highs. Engaged in the acquisition, development, exploration and operation
of oil and gas properties in West Texas.
PCRX- Pullback from highs may offer entry. Develops specialty pharmaceuticals using proprietary drug delivery
technology for use in hospitals
SHEL- 5 weeks tight closings near highs. Netherlands based company engaged in exploration, production/refi ning of crude oil and natural gas worldwide.
BKR- 6 week base near highs. Provides wellbore products and technology services and systems to the
global oil and natural gas industry.
ICL- 4 week ascending base at new highs. Israeli producer of fertilizers, bromine/phosphorus compounds used in
agriculture, food/engineered materials
TECK- 7 week base near highs. Canadian miner of coal, copper, zinc, molybdenum, gold and lead
mainly in Canada, the U.S., Chile and Peru.
EWCZ- 5 week base. Provides waxing experience by trained estheticians with the privacy of
clean, individual waxing suites.
STER- 6 month Post IPO base, curving up the right side then pulled back last week. Provides technology-enabled background and identity verification services for clients across the world.
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!
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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.