05 Feb Weekly Stock Market Forecast and Swing Trading Ideas Report
SWING TRADING OF 3X ETF’S , STOCKS, E MINI SP 500 FUTURES, AND MOMENTUM GROWTH STOCK RESEARCH SERVICES VIA SUBSCRIPTION
Bill L. 1/3/22- Member of multiple services
“By the way I want to thank you once again for the amazing service you are offering…Have been a member of SRP for more than 4 years and I really have no words…only huge respect and gratitude…my account keeps growing steadily and consistently…it’s really a blessing for me and my family…The 3xETF service is a huge additional value to my portfolio and I plan to join more of your services very soon…”
–Peter Brandt, CEO, Factor LLC #10 2017 Twitter Favorite Traders Poll and Top Ranked Commodity Trader
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
Weekly Stock Market Forecasts, Charts, and Swing Trading Ideas List and Strategies Report
Week of February 5th 2023
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: New uptrend highs may have hit short term top
Interestingly since early 2022 there have been 5 windows of time with 24 trading day rallies from bottom to top. This MAY have completed on February 3rd causing some short term pullback ahead. My intermediate target for the SP 500 has been 4370 for the last 3 weeks and we should still end up working in that direction. Short term a bit extended so a pullback is welcome.
Trading Results: Obviously with the current wave 3 uptrend my 3 swing services were positioned for upside. We took 33% profits on TGTX, 9% profits on TOST, and multiple profits in the 3x ETF room such as LABU, SOXL, CWEB, EDZ, and even SOXS late in the week. Futures service hit for 2 more profitable trades as well on the upside. TPS long term service has pivoted to momentum trading service for intermediate swings of multiple weeks with regular ideas posted and followed for members.
From IBD weekend edition:
The leading industries in the three months through January included metal products distributors, apparel and shoe makers, steel producers and leisure travel booking. However, the biggest gains in January tell a slightly different tale: automakers rallied more than 30%, steel producers leapt 26%, while internet retailers soared 24% and ore miners notched a better-than 21% gain.
$SPX updated Daily chart, in middle of Wave 3 up
Repeated long term chart from Dec 23rd (Now at 4195 uptrend high on Feb 2nd) 3491 Wave 2 bottom in October 2022, 4370 interim target, 5300 long term target
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. 25% gains on SOXL and LABU already in early 2023. Additional gains in late January in ERX, SOXL, CWEB and LABU as well!
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!!
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
1/29/23 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
RVNC – 3 weeks ascending base at highs, bullish pattern and new product approved by FDA (Botox alternative). Develops treatments for aesthetic/therapeutic indications such as lateral canthal lines.
TOST – 5 week ascending base, SRP winner this past week but still attractive. Provides technology restaurant management platform, hardware, and software solutions for restaurant sector.
PARR – 3 week consolidation near highs. Engaged in the refining, distribution and marketing of oil and gas,
DKNG – 4 Week ascending base Operates an online sports platform that enables users to play
fantasy games and win cash prizes.
PD – 3 week ascending base pattern. Provides services that collects signals from software-enabled
system or device, correlates
TSM – 3 weeks tight closings pattern. Taiwanese maker of logic/mixed-signal ICs for fabless chip
companies and integrated device manufacturers.
DV – 2 weeks tight closings on right side of base. Develops software platform to provide transparency of digital
advertising via 19 offices in 12 countries
PDD – 5 weeks tight closings near highs, testing 10 week line. Chinese provider of third-party mobile e-commerce platform for buyers with merchandise shopping experiences
WNC – Broke out of 11 week base to 52 week highs. Designs and manufactures standard custom trucks, tank trailers and
related transportation equipments
NSSC – Added cup handle to nice flat cup base pattern. Manufactures intrusion and fire alarms, building access control
systems and electronic locking devices
MRC – Broke out of 13 week base to highs. Global distributor of pipe, valves, fittings and related products and
services to the oil and gas industry.
IMCR – Develops and markets immunotherapies with T-cell receptors to treat
cancer, infectious and autoimmune.
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.