29 May 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

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

Week of May 29th 2023

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

Week of  May 29th 2023

Bill L.   Member of multiple services

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

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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:     Interim highs continue

I Had a 4370 SP 500 target many months ago, I have not waivered from that target as long as low 3800’s held which they did. Now just over 4200 we could work towards that 4370-4410 area into the early summer perhaps.  QQQ obviously hitting uptrend highs as well recently as the bull market continues.

Trading Results: 85% plus success rate in 2023 for 3x ETF trading service! Just $40 a month

Took gains recently in TQQQ, SOXL, and LABU in the 3x  ETF service. This past week we doubled up on TNA at the lows of the week and added back some LABU late in the week after taking profits of 10% earlier this past week.  SRP has issued some new stock swing trade alerts late in the week as well.  Futures service had a big gain last week and now are positioning for the next trade.

SP 500 should extend eventually to 4370-4410 areas

  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)

Consistent trading income in ALL market cycles using Bull or Bear 3x ETF’s and my human behavioral pattern analysis.  Over 85% success rate in 2023!!

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.

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

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

5/29/23   SWING LIST UPDATED:  SWING TRADE IDEAS WITH A COMBINATION OF STRONG FUNDAMENTALS AND ATTRACTIVE BEHAVIORAL PATTERN CHARTS COMBINED

NEW FEATURE: CLICK ON SYMBOL TO SEE CHART IMAGE QUICKLY

LTH – New SRP position, 5 week consolidation near highs.   Operates health, fitness, and wellness experiences to an individual member. 

DKNG – 2nd week in row on list, we took profits near 25 few weeks back but I like this consolidation over 4 weeks here.  Operates an online sports platform that enables users to play fantasy games and win cash prizes. 2nd week on list, moved up last week.

DUOL – Overall sloppy 8 week base but still near highs and a leading tech name with AI etc. Designs and develops a digital language-learning education platform, suggests lessons in multiple languages.

DT – Back on the list, after gapping up off the list two weeks ago.  Still like this one and nice consolidation could lead to another rally leg here.  Develops software intelligence platform to allow customers to
modernize and automate IT operations

SMAR – Long base pattern with recent shakeout and recovery. Provides cloud-based platform for enabling teams to plan and manage work for better business outcomes.

UBER – On list for 4th week. 4 weeks tight ascending closing pattern is bullish still.  New products as well could push earnings higher ahead. Moved up last week off this list.

FTNT – 6 weeks overall base, holding 10 week line on pullbacks, near highs. Develops unified threat management systems to provide security and networking functions

FTDR – 3 weeks tight closings after breaking out of former flat base. Provides home service plans under the brand name HSA, OneGuard, Landmark and American Home Shield.

IOT –   consolidating in 12 week overall base near highs. Provides an end-to-end solution that allows businesses that
depend on physical operations to harness IoT data

FLYW – 9 weeks tight closing base pattern near highs. Likely to move soon. Operates a software Co delivering global payment enablement to education, healthcare, travel and B2B sectors.

LI – New SRP Position late last week. 3 weeks tight closings after pop up out of base. China-based company that designs, manufactures and sells premium smart electric SUVs 

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