27 Mar 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 March 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:
- 4550 hit and that is our first resistance on this new Bull Market (SP 500)
- Biotech looking good for bull cycle, we are long in 3x ETF service and looking to add to LABU on dip
- Silver and Gold pulling back, but Silver may be setting up for big run starting in May if not sooner
- Crypto also looks to have bottomed, alt coins are running off the bear cycle bottoms, good time to invest
- Bitcoin should get over 45,500 in April and start confirmed bull cycle up from lows
- Favorite Crypto Tokenomics plays are LUNA and RUNE (Terra and ThorChain)
- 3x ETF is long TNA and LABU and looking to add on dips to both
- SRP hit for big gains of 15% on our PLUG Position, with 3 others consolidating and open positions
- Futures service predicted near exact top of the run last week
- TPS GBOX, CARG, LUNA all table pounders amongst our 10 stocks at TPS, looking to add more soon
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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: CRYPTO BULL BEGINS ALSO?
4550 resistance hit, normal stop area for Bulls. Pullback due here. Last week my chart showed the 4550 area on SP 500 and we hit it. 4450 possible initial pullback zone.
Not much to add, we had the first leg up off 4115 lows to the 4550 area I was discussing last week or so. This is a Fibonacci relationship to the 4115 low and 4808 highs on the SP 500, normal to run into profit takers here. Outside risks remain with the Ukraine issue if it escalates, hopefully a mediator can come in and get talks going again.
Initial pullback zone on SP 500 is 4450 plus minus 10 points so watch for that initially. That would actually be shallow so a normal pullback could take us lower, but one day at a time. Opportunities will mount between now and April 18th tax deadline, after which we could smash higher again, but like I say… follow me in my subscription services and or here and there on Twitter or Stocktwits to know my current market maps and thinking.
Last week my swing trade ideas list was on fire, many of them ran up and this week the list is updated at the bottom of this report again. I have a system that produces 70% winners consistently, this is a combination of fundamental analysis coupled or paired with behavioral patterns on the charts. Very few indicators used, I don’t watch CNBC, I have a laptop not 4 or 8 screens. Keep it simple, be patient, pounce when the opportunity hits.
Crypto Advisory Service?
Crypto also is moving towards a new bull cycle. We had a solid shakeout from November 2021 to March 2022. Once Bitcoin rips over 45,500 in April should confirm. Focus should be on the best tokenomic structures and avoiding the shit coins as they say. A few of my favorite tokens/coins/protocols if you will for long term accumulation are Thorchain (RUNE) and Terra (LUNA). One is a decentralized cross chain DEX and the other is a Algo based Stablecoin eco system with tokenomics second to none (Deflationary supply of RUNA as UST demand rises). Will likely be offering a Crypto Advisory service fairly soon. Many ways to grab arbitrage, yield, swap discounts, yield farming, growth and risk adjusted asset exposure.
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: Repeated for reference last weeks SP 500 chart, and updated charts as well as Bitcoin and SP 500 updated
Last weeks 3/20/22 chart projection came true:
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:
- Twitter @stockreversals
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- 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 3/27/22
EWCZ- 6 month Post IPO base, close to breakout. Only 6.7m shares out . Provides waxing experience by trained estheticians with the privacy of clean, individual waxing suites.
ACLS- 2 weeks tight closings near highs. Manufactures ion implantation, dry strip and other processing
equipment used in the fabrication of ICs.
REGN- 7 month overall base. Could breakout soon, PE 9. Develops drugs to treat eye diseases, infl ammatory diseases and cancer.
CMRE- Close to multi month cup breakout pattern, actually did last week and was on the list but still attractive. Greek provider of intl marine transportation with a fleet of 77 containerships aggregating 555,810 TEUs
CSL- 5 month base close to breakout to highs. Manufactures thermoplastic roofi ng systems, off-highway braking
systems, and friction products worldwide
AMD- Coming off multi month correction and likely to work back to highs. Designs microprocessors, embedded media/graphics processors and chipsets for computers and consumer devices (SRP open position)
ACGL- 11 week base near highs. Bermuda-based co that offers insurance, mortgage and reinsurance
insurance mainly in U.S., Europe and Canada.
GOGL- 5 week tight base near highs. International tanker company primarily focused on the seaborne
transportation of dry bulk cargoes
SBLK- 6 week base near highs. Provides intl tanker transportation services for dry bulk cargo with a
fleet of 128 dry bulk carriers (SRP open position)
MGY- Breaking out to the upside. Engaged in the exploration/production of oil and gas in the Eagle Ford
Shale and Austin Chalk in South Texas.
ESTE- 12 week base near highs. Engaged in oil and natural gas exploration and production in North
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below or at Themarketanalysts.com
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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.