06 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 7th 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: FUTURES at 4340 on Monday Morning Pre Market
- Market bottom C wave may get tested again soon 4114 if 4230 doesn’t hold (Chart)
- Energy, Agriculture, Silver, Gold, Materials etc continue to lead market
- NASDAQ more rough sledding last week
- NYSE (n) – 131 New Highs, 201 Lows
NASDAQ – 52 New Highs, 362 Lows
AMEX (a) – 6 New Highs, 7 Lows
- GOLD making run at 2019 highs (Chart)
- Silver also strong, could be big winner 2022
- Bitcoin struggles to take out 45k, but monthly chart still consolidating (Chart)
- 3x ETF trying TNA late in week but with stop in place
- SRP only a few positions open this week, energy stocks on swing list took off early in week and we missed entry
- Futures service stopped out a few times after being up on bullish bets, stops tight
- TPS holding off on new long term positions, CARG recently surging from 30 to 50 before pullback
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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: 4230 support, 4380 resistance for Bulls on SP 500
Tech out of favor for now, Energy-Oil-Gas, Precious Metals, Steel and Materials/Commodity stocks in favor for now.
Biotech remains under pressure since last February and Small Caps have been trying to break north out of a multi-week flat base pattern.
The problem remains high inflation, now exacerbated by Oil supply shocks with Russian/Ukraine war. However, this obviously playing further into the hands of the energy stocks and other inflationary plays. The swing trade ideas list had multiple big movers on the upside last week. In the meantime the SP 500 is not yet able to get past 4380 on a closing basis for Bulls although an attempt in that direction was made late in the week before the Friday pullback. Obvious uncertainty with the war may keep a lid on any rallies near term for the broader markets and also at the same time a positive outcome or cease fire could take commodity/energy stocks down quickly. Difficult times to trade ahead will continue. .
Members of all the premium services are updated daily on market maps and forecasts and we strategize accordingly.
Charts on Gold, Bitcoin, and SP 500
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.
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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 3/6/22
Last week huge moves in MNRL, CMC, BKR, MTDR and others that have been on our list of late as inflation /commodity/oil plays moved higher on Oil spike. They all started taking off early in the week before SRP could get any official alerts out but many have been on this list a few weeks. Many came off the list this weekend due to the breakouts.
ZIM- 5 week flat base near highs, this one has been on the swing trade list often. Israel-based asset-light container liner shipping co provides cargo solutions for all industries. Needs to hold 65
TCN- 22 week Post IPO base nearing breakout to highs. Canadian-based Co that owns, operates, and manages rental
homes in the United States and Canada
FANG- 8 week base breakout now hitting highs, was on list last week and still reasonable entry ranges. Engaged in oil and gas exploration and production of unconventional, onshore oil and gas in Permian.
GSL- 6 week consolidation near highs. Hit highs last week after being on the list, but pulled back late in week. Provides international tanker transportation services in the containership sector with a fleet of 43 vessels
CPE- 5 month flat base not far off highs. Engaged in the acquisition, development, exploration and operation
of oil and gas properties in West Texas
VRTX- 5 week consolidation near highs. Develops and commercializes therapies for the treatment of cystic
BCC- 5 week base near highs. Back on the list after pullback. Manufactures and distributes wood products and building materials for residential/commercial construction.
WFG- 10 week base near highs. Canadian Co manufactures and distributes wood products for home
construction with more than 60 facilities
CORT- 3 weeks tight near highs. Develops drugs to treat psychiatric/metabolic disorders associated
with a steroid hormone cortisol
FSK- Nearing multi-month breakout. Business development company investing in debt securities of
private middle market U.S. companies
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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.