03 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 4th 20th 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 surges towards highs pivot target above 4550, but now correcting as it should (chart)
- Biotech moving nicely 3x ETF room is long LABU (XBI Chart)
- Bitcoin gets past my 45,500 zone and now bullish as projected for April breakout potential (Chart)
- LUNA hits all time high (Noted last week one of my favorite digital assets)(Chart)
- Market may correct a bit further into April 18th tax deadline
- 3x ETF Sold TNA near top of the price last week for 15%. Moved into LABU double position up big Friday
- SRP closed out final 1/2 PLUG for 15% gains, and sitting on 3 open positions, AMD sold 1/2 at 125, took small loss on final 1/2 as it fell late in week after our high 125 sell alert
- Futures service has been warning to short the recent topping area with a possible 4450 target
- TPS LUNA token hits all time highs, up 80% now from our recommendation 5 months ago in tough market
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General Market Summary: Updated Banister Market and Elliott Wave Views on SP 500 and more
Market Notes and Commentary: BITCOIN breakout soon? Biotech Strong, Pullbacks normal otherwise
We surged past 4550 nicely but got near the top of a pivot point in SP 500. Markets correcting on cue
Normal correction as the markets were a little heady going into the end of the March quarter. I think a combination of short covering along with quarter end mark up and window dressing. We hit 4630’s which was pretty extended off the 4115 lows, so a pullback to 4450 area would be normal actually.
I had our 3x ETF service close out the TNA Bull position early in the week at 69 area for 15% gains, that one we held a few weeks though through some volatile moves before cashing out. We doubled up on our Biotech position via LABU on Wed/Thursday and then it ripped over 11% late in the week on a possible breakout (See the chart on XBI)
Futures service was advised to short the market as we were topping (ES-E Minis) and you may want to join that for SPY ETF guidance along or with futures trades and daily market updates, maps.
In the interim, nice to see LUNA (Terra/UST) digital asset climbing to all time highs. We got long at $66 average in the tippingpointstocks.com service months ago, and are holding long term. The stablecoin wars are on, they LUNA/UST is a de-centralized stablecoin which is now also building Bitcoin reserves to strengthen the ecosystem.
Digital assets are exploding, make sure you are involved with some percentage of your investment dollars, just my opinion. I’m devoting 20-25 hours a week at least studying the sector. The opportunities for both Growth and Income are enormous.
Digital Crypto Re-balancing with Yield? One exciting feature is using a 50-50 LP pool on some protocols. This allows you to pair up two digital assets that you may favor, earning 10-20% yields while holding them, and have them re-balance automatically for you. If one rips higher ,some is sold and the other is added to to bring the pool back into 50-50 balance. Just one of many ideas you can use. I’m getting 17% on Luna/Rune right now for example, both assets I am bullish on.
Look for SP 500 to possibly pullback further into Tax filing deadline, but intermediately I am bullish to 5100-5200 possible this year. Biotech may continue to lead on a relative basis after a horrendous 13 month bear cycle unlike we have seen in two decades on a relative valuation basis. Tech also in a normal pullback.
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: SP 500, Bitcoin, Luna (Stablecoin/Terra/crypto), XBI ETF, RUNE (Thorchain Crypto)
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.
Stablecoin Crypto Play LUNA up 80% since recommendation last November.
Consider joining for powerful upside potential in a portfolio of 8-12 names that is dynamic and moving.
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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 4/3/22
STER- 6 month Post IPO base, curving up the right side. Provides technology-enabled background and identity verification services for clients across the world.
EWCZ- 6 month Post IPO base and 3 weeks tight closings, close to breakout. Only 6.7m shares out . Provides waxing experience by trained estheticians with the privacy of clean, individual waxing suites.
HRMY- 3 weeks tight closings near highs. Develops and commercializes therapies for patients living with rare
CARG- 6 weeks consolidation near 43 here, I think 63 coming intermediately. Also a Tippingpointstocks.com position since 32/33. Provides online automotive marketplace connecting buyers and sellers of new and used cars
CPE- 6 month base, getting close to highs. Engaged in the acquisition, development, exploration and operation
of oil and gas properties in West Texas.
CMRE- 3 weeks tight closings near highs. Has been on the list often. Greek provider of intl marine transportation with a fleet of 77 containerships aggregating 555,810 TEUs
ATSG- Back on the list, 5 week base near highs. Provides airline operations, aircraft leases, aircraft maintenance/
other support services
CSL- Closed to a 3 month breakout to highs. Manufactures thermoplastic roofi ng systems, off-highway braking
systems, and friction products worldwide
PKG- 3 weeks tight pattern near highs. Manufactures containerboard and corrugated packaging for the
food/beverage, paper and agricultural markets.
GSL- 5 weeks tight closings near highs, current SRP position. Provides international tanker transportation services in the
containership sector with a fleet of 43 vessels.
CLFD- 3 weeks tight closings close to breaking to the upside. Manufactures fi ber distribution systems, optical components, outside plant cabinets
GOGL- 6 week tight base near highs. International tanker company primarily focused on the seaborne
transportation of dry bulk cargoes. Current SRP Position
TECK- 5 week base near highs. Canadian miner of coal, copper, zinc, molybdenum, gold and lead
mainly in Canada, the U.S., Chile and Peru
SBLK- 7 week base near highs. Provides intl tanker transportation services for dry bulk cargo with a
fleet of 128 dry bulk carriers (SRP open position)
ESTE- 13 week base near highs. Engaged in oil and natural gas exploration and production in North
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