14 Aug Weekly Swing Trade Ideas and Market Forecasts Report
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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, and Swing Trading Ideas List and Strategies Report
Week of August 15th 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
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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
SP 500: The move past 4225 leads to possible 3rd wave extension to as high as 4525 on SP 500 and obviously the general market could continue moving higher
Wave 3 looks to continue higher as Friday was another strong day and we are well past a normal 3rd wave move in terms of price action relative to the first wave up from 3640 on the SP 500. This means a possible extension wave can continue as Bears get trampled and optimism continues to grow. It’s rare to have a lot of action like this in August but after coming off a long Bear cycle and a huge increase in cash on the sidelines, Investors are again speculating and pushing shares higher.
The 3x ETF service took 34% gains on LABU recently and then this past week we got back into TQQQ which is a 3x ETF Bull security on the NASDAQ 100, basically betting on a furthering of this Wave 3 higher. The SRP stock swing trading service (Since 2009) took some nice gains on SIGA on 1/2 our position and are still riding several positions that are in base patterns. The Futures service hit for a nice bullish gain and then we sat out the Thursday/Friday action.
Biotech (XBI ETF) is in a 5 day bullish consolidation as well. Basically the bottom line is market are extended on the uptrend but investors are active and the market is strong for swing trading across the board.
NYSE (n) – 51 New Highs, 12 Lows
NASDAQ – 79 New Highs, 24 Lows This is strong data…
SP 500 Chart: Wave 3 extending
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)… LABU cashed out for 34% gains this past week, now long TQQQ.
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!!
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Tipping Point Stocks- Wealth building looking for multi-baggers before the crowd comes in, 9 stocks have more than doubled since June 2020 after Covid Bottom. Bear cycle likely bottoming here soon in 2022 like 2016, 2018, 2020 bottoms (Every 2 years)
TPS : Just issued a new Biotech report trading near cash per share, insider buying, and near the Series D round Pre IPO pricing, 60% below the 2021 IPO price, and 1/7 the value targeted by two top analysts for share price. In discussions with big pharma on non dilutive funding and partnerships.
Consider joining for powerful upside potential in a portfolio of 8-12 names that is dynamic and moving.
Read up at Tippingpointstocks.com
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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 8/14/22- 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.
NFE big winner last week off the list up 17%
SWING TRADING 101– Click to review my 10 plus keys to profitable and consistent swing trading I’ve used since 2009
HRMY- 8 week overall base, current SRP position. Pulled back recently but still bullish chart. 7 weeks in a row on the list, moving up but still attractive. Ascending base near highs. Develops and commercializes therapies for patients living with rare neurological disorders. Earnings were very strong last week but then a profit taking pullback.
DRVN- 3rd week in a row on the list , last week I said it may provide nice entry near 30.50 area perhaps and it hit 30.56. Provides automotive services like paint, collision, glass, vehicle repair, oil change, maintenance/car wash. 3 week base and nice 8 day consolidation pattern.
CRDO- 3 weeks tight pattern. Current SRP position as of last week. Provides Serializer-Deserializer technology, high-speed connectivity solutions to break bandwidth barriers. A little volatile on the daily trading for some reason.
HRT- Some resistance near 19 but forming a nice bullish pattern on the right side of this base. Provides technology-driven workforce risk management and compliance solutions for clients across the world. Annual earnings are expected to jump 40% to $1.74 per share in the current fiscal year
PFHC- 14 week post IPO base, could be trying to test highs again soon. Pressure pumping Co, provides hydraulic fracturing services with equipment, manufacturing and distribution
AMN- On list for 4th week in a row, 7 week base pattern. Over 120 could get on another run after recent pullback. Offers permanent and temporary staffing of physicians and nurses to healthcare facilities in the U.S. Next earnings report in early November
DQ- 4 weeks in a row on the list, nice consolidation here, pulled back last week. 7 week overall base holding the 10 week ema line still. China-based company that manufactures and sells polysilicon to photovoltaic product manufacturers.
CPRX- A little extended on the daily pattern but extremely bullish action. PE 19 recent earnings up 54%. Develops prescription drugs for neuromuscular and neurological diseases and disorders.
CRK- 5 week ascending pattern as it completed a correction in July with Energy stocks and now making a comeback. Engaged in the exploration and production of oil and natural gas reserves primarily in Texas and Louisiana.
EQNR- 3 weeks tight base, close to breakout to highs. 3rd week in row on list, a little pullback last week. Norwegian Co engaged in exploration/production of oil and gas and refining/marketing of petroleum products. 6 Billion buyback, dividends going way up, smashing estimates. 2nd largest European producer of Natty Gas
SON-4 week tight base near a breakout. Manufactures paperboard tubes/cores and packaging products for the
construction, food/beverage. PE 12 last quarter up 85%.
GLNG- 20 week overall base and near a breakout. Provides intl marine transportation services for liquefied natural gas
(LNG) with a fleet of 13 vessels. PE 5
EVH- 5 weeks tight closings and on list last week, ripped to upside but pulled back late in week. Strong earnings, could break to the upside here near 52 week highs. Develops end-to-end, built-for-purpose, technology-enabled service platforms for value-based healthcare. 4th week in a row on list.
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 70% plus 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 2019-2022 trades online
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 positions and ongoing advice. Bear cycle bottoms in 2018, 2020, and likely 2022 so good time to get involved now in 2022 as we likely trough out in the market.
SP 500 Futures Trading Advisory service. Hosted on Stocktwits.com and also Auto-Trade option outside of Stocktwits… 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.