18 Dec Weekly Stock Market Forecast and Swing Trading Ideas Report
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Weekly Stock Market Forecasts, Charts, and Swing Trading Ideas List and Strategies Report
Week of December 19th 2022
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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: Correction continues, 3740 is our low end SP 500 support line
4100 objective was hit and the ABCDE pattern also hit as projected in last weeks chart. Often the E wave will signal a top of a move, and in this case it has. We are now focused on 3740 area as next lower level support, but I remain overall bullish at this time. As I said last week “we could even pull back to 3850-3860 and be ok”. We closed the week at 3852.
3740 is next up for support
SP 500: Friday morning’s chart from SRP service:, we ended up dropping hard after to low 3800’s. (2nd Chart)
Updated SP 500 Chart:
Trading Results: SRP Stocks, 3x ETF, Tipping Point Long Term stocks, Futures
SRP stock trading service punched out of nice gains on ARRY of 9-15% on each 1/2 of the trade, and 1/2 CPRX for 8%. We went slow again this past week after the market was rejected at the 4100 area on SP 500. With my views the market was peaking out we only had a few positions open.
3x ETF service got long the SP 500 via SPXL 300% leveraged ETF before the Tuesday pop. We sold into it for 8% gains and then sat out the rest of the week until Friday when we entered another new position.
Also the most recent research report for the Tipping Point Stocks service was up about 242% ($4 to $13.70 highs from October 21st) on our most recent pick at last weeks highs. The market is ripe now for some long term stock picks. Good time to join Tippingpointstocks.com
Futures Service we took huge gains also this past week and sat on our hands during FOMC mess this week.
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 two weeks ago, and this past week we sold SPXL For 8% gains in 2 days.
Just $40 a month and worth it to add to your stock trading
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!!
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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
SWING TRADING 101– Click to review my 10 plus keys to profitable and consistent swing trading I’ve used since 2009
12/18/22 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.
SMCI- 4 week corrective pullback pattern to 10 week EMA. Makes application-optimized server systems, chassis, server boards/power supplies for distributors/OEM’s.
CMC- 5 week base pattern near highs. Makes application-optimized server systems, chassis, server
boards/power supplies for distributors/OEM’s. PE 6
GFF- 5 week consolidation near highs, PE 9. Manufactures plastic films/laminates, garage doors, landscaping
products /electronic communication systems.
MEDP- 8 week consolidation near highs testing 10 week EMA. PE 32, 59% growth. Provides outsourced clinical development services to biotechnology, pharmaceutical/medical device industries
GMAB- 3 week pullback consolidation. Denmark based company develops antibody therapeutics for the
treatment of cancer and other diseases. PE 37 ,Recent growth 140% YOY
TS- 5 week consolidation testing 10 week EMA Line. PE 9. Makes steel pipe products and related services for energy and
TWI- 8 week consolidation near highs. PE 7 Manufactures off-highway wheels, tires and assembly products for
PLNT- 5 weeks tight consolidation. Operates 2,254 fitness centers with approximately 15.2 million
members in 50 states, Puerto Rico and Canada.
CPRX- Continues on the list for 6th week in a row. Develops prescription drugs for neuromuscular and neurological diseases and disorders.
MODN- Breaking out of 5 weeks tight closing base now at highs. Provides revenue management software for the life science and technology industries.
PBT- 8 week base 2nd week in row on list broke out of base a bit last week but still not too stretched. Trust holding overriding royalty interests in producing oil and gas properties in Texas.
TGLS- 5 week consolidation near highs. Manufactures tempered safety, laminated and thermo-acoustic glass
for commercial and residential buildings
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
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
ARRY- 6 week consolidation, looks ready to push higher out of a multi month cup base pattern to highs soon. SRP took 9-15% gains this past week but on pullback looks good again. Solar energy based play. Designs and manufactures ground-mounting systems used in solar energy projects. Very strong recent earnings smashed estimates.
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 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.