12 Dec Weekly Stock Market Forecast and Swing Trading Ideas Report

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SWING TRADING OF 3X ETF’S , STOCKS,  E MINI SP 500 FUTURES,  AND MOMENTUM GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION

StockReversals.com Members get an exclusive 25% coupon offer to join our SRP Swing Trade or Momentum Growth stock TPS  subscription services. 

Read up on all 4 Subscription Options at TheMarketAnalysts.Com or bottom of this Report

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, and Swing Trading Ideas List and Strategies Report

Week of  December 12th 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 target made on November 11th was achieved, now correcting 3870 KEY

The Federal Reserve’s policy statement is due Wednesday afternoon. But all of the suspense surrounds the rate policy
outlook, which will be clarified in new economic projections to be released along with the announcement and detailed in Fed Chair Jerome Powell’s news conference shortly after. The latest batch of projections, released in September, showed the Fed’s key rate peaking next year at 4.6%. Since then, Powell has indicated rates will have to surpass that level. Markets are currently pricing in a terminal peak rate of about 5% in May 2023. If the Fed provides rate projections of 5.25% or higher, it could deliver a gut punch to risk appetites and to markets.

-Investor’s Business Daily 12/10/22

My 4100 objective was met recently and we hit resistance which is normal. As long as SP 500 holds the low 3900’s it’s a normal correction, we could even pull back to 3850-3860 and be ok.  The FOMC interest rate decision and comments are due this Wednesday so look for more volatility.

SP 500:

 Trading:  SRP Stocks, 3x ETF, Tipping Point Long Term stocks, Futures

Recent futures service played a long from 3960 to 4100, we sold 1/2 at 4030 area and the rest right near 4100.  That was a huge gain using my behavioral pattern analysis. This service is on stocktwits for just $50 a month, details at esalerts.com

It is truly a Stock Pickers market right now, and I work to identify the top sectors in the current landscape and then drill down and find the best fundamentally sound companies with the most likely near term upward movement in share price for a swing. This past week we laid low in the SRP stock swing trading service as the market was not in our favor for swing trading, when the indicators I use are neutral to negative I try to avoid too many swing trade alerts or sometimes will sit on our hands for a bit and wait for the uptrend to confirm.

3x ETF  service had cashed out over a week ago on SOXL, LABU, and TQQQ for nice profits before the market turned south. I did this because we were reaching my 4100 SP 500 behavioral pattern target and the risks of being long were rising.

Also the most recent research report for the Tipping Point Stocks service was up about 150% on our most recent pick at last weeks highs. We closed it out for 75% gains this past Friday but we may be re-entering at some point once the stock settles down. We held it about 6 weeks. It pulled back on Friday but we are looking for it to hit new highs again near term.  The market is ripe now for some long term stock picks. Good time to join Tippingpointstocks.com

 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 TQQQ, LABU, and SOXL for gains before the market peaked and turned south. 

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

12/11/22 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.  

DGII- Back on the list after 3 week corrective pattern. Needs to hold the 13 week EMA line at at 37.85 area. Manufactures connectivity/networking devices for telecommunication companies/internet service providers

HRMY- 6 week base near highs. SRP position.  Develops and commercializes therapies for patients living with rare neurological disorders.

ITCI- 6 week base testing 10 week line. Develops small molecule drugs to treat neuropsychiatric and
neurological disorders.

ON- 5 week consolidation near 10 week line. Manufactures power, analog, digital signal processing, mixed
signal, advanced logic and data management ICs. PE 14 growing at much faster rates than PEG ratio

MCHP- 5 week consolidation. Manufactures digital signal microcontrollers, flash memory
products, and mixed signal and interface devices. PE 14

EE- 3 week consolidation, pullback may provide opportunity. Provides liquefied natural gas distribution, terminal services, and reliable energy solutions.

ARRY- 5 week consolidation, looks ready to push higher out of a multi month cup base pattern to highs soon. Solar energy based play. Designs and manufactures ground-mounting systems used in solar energy projects. Very strong recent earnings smashed estimates.

AFYA- Back on the list after correction pattern. 5 week consolidation holding 10 week EMA line .Brazil based Co provides medical and healthcare education through professional courses in 13 states.

PBT- 7 week base near highs. Trust holding overriding royalty interests in producing oil and gas
properties in Texas.

CPRX- Continues on the list for 5th week in a row  and SRP position. Develops prescription drugs for neuromuscular and neurological diseases and disorders.

FLEX- PE 9, 4th week on list, SRP position as well recently. 13 week base breakout 3 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

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