Weekly  Stock Market Forecasts, Charts, and Swing Trading Ideas List and Strategies Report

Week of  November 21st 2022

 “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!”   @JTD26 on Stocktwits

Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for members

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 plus Swing Trade Ideas List: 

Updated Banister Market and Elliott Wave Views on SP 500 and more and weekly swing trade updated ideas list is at bottom of this report

Markets and more:   4100/4125 area key resistance ahead for SP 500

Market had a general pullback during the week but bounced up into Friday.  As long as 3910 and or 3830 pivots  hold on SP 500 this remains a bullish elliott wave pattern wave 3 up to 4100/4125 resistance potential.

NASDAQ as noted last week has to get past 11,530 area which it was unable to do this past week

Biotech remains in a 7 wave sideways grind in terms of the index, but some individual names are moving north.  One of them the SRP members remain 1/2 long on from 4.10 and it closed about 40% higher on that final 1/2 of the position at end of last week.

So other than some volatility for sure last week, the pattern I laid out here last weekend remains the same. A larger Wave 3 up to 4100/4125 initial resistance is in place after which I can better assess the pattern from there.  3830 on very low end is key to this view for support.

 Trading:

In the meantime, SRP has a 40% gain on the final 1/2 of our Biotech small cap play going into Monday.  Also alerted a few new positions last week and advised members to add to HRMY on the big dip this past week as well.

3x ETF doubled up on LABU late in the week on the final dip (3x Bull Biotech XBI) and we have a 1/2 position on TQQQ as well looking to possibly double up as well.

We were looking at SOXL and missed entry by about 50 cents on the pullback this past week, it popped back up late in the week and chip stocks remain strong.

Chip stocks as I’ve been saying  (Last weekend report) are key to watch for a new bull market indicator. They tend to lead tech stock recoveries and they have been uptrending hard.  When you see bad news and poor outlooks and stocks in that sector go up, that is always a good sign.

 Consider joining my 3x ETF Swing Trading room on Stocktwits, gives you very nice exposure to sector swings based on human behavioral patterns.  Removes single stock risk and gives you a better upside beta and lower risk with your overall trading plans (SRP, 3x ETF, Futures etc)

 Closed out ERX recently for 20% gains and LABU for 8-9% gains.

Just $40 a month and worth it to add to your stock trading

Read up at the3xetftrader.com and join on stocktwits at $40 a month.
Futures service is also on Stocktwits and just $50 a month, huge profits last several weeks and you can now sign up for Auto-Trade platform again!!

Members of all the premium services are updated daily on market maps and forecasts and we strategize accordingly.   

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

SWING TRADING 101– Click to review my 10 plus keys to profitable and consistent swing trading I’ve used since 2009

11/19/22 updated for Weekly Report and week and near term ahead

Updated list for the near term and intermediate window ahead based on sectors, individual stock fundamental strength, and Banister Behavioral Patterns lining up for strong probable upside.  

EE- 4 week tight base pattern looks like it could push higher soon. Provides liquefied natural gas distribution, terminal services, and reliable energy solutions

IMCR- 4 week ascending base, 2nd week in row on list, near 52 week highs. Develops and markets immunotherapies with T-cell receptors to treat cancer, infectious and autoimmune.

ACDC- 2 weeks tight closing at Post IPO highs. PE 10. Pressure pumping Co, provides hydraulic fracturing services with
equipment, manufacturing and distribution.

ABCL- 4 week ascending base at Post IPO highs. Canadian provider of drug discovery platform designed to develop
next-generation antibody therapies, 4 Billion market cap

HRMY- 2nd week in row on list and new SRP position. 3 weeks tight closings.   Develops and commercializes therapies for patients living with rare neurological disorders.

AFYA- Back on the list, got a little extended but now this pullback sets up a possible better lower risk entry on a 3 week pattern. Brazil based Co provides medical and healthcare education through professional courses in 13 states.

FLEX- PE 9, 2nd week on list, SRP position as well as of last week. 13 week base breakout two weeks ago but pulled back some this week then bounced up Friday nicely. Still has room to run. Singaporean contract manufacturer of flexible circuits and printed circuit boards for computer

CPRX- Got as high as 16.66 two weeks ago on huge move up of the weekly swing trade ideas list on last weeks earnings report, on list for a 3rd week in a row with a nice pullback to still look attractive for entry.  Develops prescription drugs for neuromuscular and neurological diseases and disorders.

ENLC- 4 week ascending base near highs. Engaged in the gathering, transporting, storing, distribution and
marketing, of natural gas and crude oil.

OXY- Warren Buffet favorite, 12 week base, near a breakout and strong earnings last week.  Engaged in the exploration and production of crude oil and natural gas worldwide. Cash flowing, stock buy backs, dividends…

GMAB- Forming right side of a huge cup base pattern, PE 35, huge growth. Denmark based company develops antibody therapeutics for the treatment of cancer and other diseases.

PARR- 5 weeks tight base, new SRP position as of Friday 11/11. PE 4 Engaged in the refining, distribution and marketing of oil and gas, commodity marketing

PBT- 3 weeks tight closings near 52 week high breakout. Trust holding overriding royalty interests in producing oil and gas properties in Texas

Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below or at Themarketanalysts.com  

We offer 4 different subscription services for our Members, helping you cover the gamut of SP 500 futures trading with tax favorable treatment, Long Term Growth Stocks, Stock Swing Trading, and Growth Stocks with 50-200% upside plus.

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 have established a strong track record of  over 70% profitable trades since inception November 2019!

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 11 years of advisory services!  Track Record of 2019 to 2022 YTD Trades  

Tippingpointstocks.com– Growth Stocks aiming for 1x-5x upside with our proprietary research!      Fresh ideas every month and ongoing advice! 9 stocks doubled or or better  after bear cycle ended in 2020. With Bear market 2021-2022 now offering many public companies trading below private market valuations Constantly rotating portfolio with deletions and additions as time goes on. 

E-Mini Future Trading Service   ESALERTS.COM $50 a month on stocktwits including AUTO TRADE!!

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!  

We also offer Auto- Trade option as of June 2022 again!! We handle the entry and exits for you!!

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.

Contact Dave with any questions (Dave@themarketanalysts.com)

TheMarketAnalysts.com