Stock Reversals | Weekly Stock Market Forecast and Swing Trading Ideas Report
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Weekly Stock Market Forecast and Swing Trading Ideas Report




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

Week of  October 16th 2023 Members get an exclusive 25% coupon offer to join our SRP Swing Trade or Momentum Growth stock TPS  subscription services. All memberships and or casual readers are subject to our Terms of Service Agreement

Read up on all 4 Swing Trading and Long Term Research based Subscription Options at TheMarketAnalysts.Com or bottom of this Report



Bill L.   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

“David, you are, without a doubt, one of the best if not the best Elliott Wave guys I am aware of” 8/30/17

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

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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 

“Dear Dave,
Thank you for all the amazing trades. I am in two of your services  3X and SRP. Both have done great for the year… you were the only one who predicted 4550 when everyone else was bearish. I’m glad I have followed you and traded well so far. ”  Stephanie Y. July 2023  

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:   Wave 2 pullback underway after strong advance off lows

In last weeks report I charted out the ABC 38% retracement correction in the Nasdaq 100 and the 50% correction in the SP 500.  This past week we had a nice rally off the correction lows of a week ago with a near 200 point gain in the SP 500 off the lows and the Nasdaq 100 also rallying from 351 to 373 at the highs.  Late in the week what appears to be a Wave 2 correction unfolded as I projected late in the week in this service.  Earnings season starts up very strong this week and we will see how the market reacts.

Still a rough and tumble tape of late:

NYSE (n) – 26 New Highs, 136 Lows
NASDAQ – 27 New Highs, 197 Lows
AMEX (a) – 0 New Highs, 13 Lows


 NYSE Index also showed 50% retrace of Oct 22 low to July 2023 highs

% of NASDAQ stocks Above 50 day MA line  indicator matching Oct and March recent lows

 In summary, washout lows likely were established in October

 Trading Results: See full SRP Stock Swing Trade results  click below

Our patience paid off during the correction as we ended up with multiple winners in the past week or so.  We sold aggressively into the rally mid week on EDU, FUTU, ACMR , and NTNX.

We ended the week with 1.5 positions remaining on purpose as the rally was overheated.  The 3x ETF service took gains of 8.8% on SOXL mid week before that pulled back late in the week and we remain long TQQQ and a smaller position in TNA.   Futures service went long but got stopped out late in the week for a small 20 point loss as our stop at 4350 on futures and the low was 4340 on Friday. Going to continue to be a challenging environment near term but opportunities are abound as usual.

Swing Trade ideas list is updated at the bottom of this report reflecting current market conditions and relative leaders based on my review of fundamentals and chart patterns both. 

  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.  Strong 70% plus success rate historically and better in 2023.

Just $40 a month and worth it to add to your stock swing trading

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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: 

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. This list tends to reflect the stronger sectors of the market at various times and cycles.

SWING TRADING 101– Click to review my 10 plus keys to profitable and consistent swing trading I’ve used since 2009


ACMR – Profits taken in the mid 20’s for nearly 25% on the final 1/2  at SRP this past week but with the pullback may provide another nice entry..  PE 13  Manufactures and sells single-wafer wet cleaning equipment and products for the semiconductor industries

RELY – 8 week flat base near highs and held up on Friday. SRP position.  Looks ready to break to the upside. Provides digital financial services for immigrants through Cross-border remittance and banking services

 CWAN – 5th week on list, 6 week  base briefly at highs last week. Provides SaaS solutions for investment data aggregation, accounting, analytics, and reporting services.  

DLO – Do or die time, 8 week base. An open SRP Position.  Uruguay based Co provides cloud-based payment platform to global enterprise merchants in 40 countries. Held up well in the correction.

FUTU – 7 week overall consolidation.  SRP went long last Monday and 2 days later closed for big gains, then it pulled back hard late in the week. Still like this one. China based company operates as a holding company that offers an online brokerage platform 

ZS  –  Looks to be breaking out of a 16 week base near highs last week. Operates a massive, global cloud security architecture, delivering the entire gateway security stack.

ACGL – 13 week base looks poised to break out. PE 14 strong growth rate. Bermuda-based co that offers insurance, mortgage and reinsurance insurance mainly in U.S., Europe and Canada.

MMYT –  6 week base near highs. India-based provider of online travel services primarily for individual
travelers via 

PDD  – 7 week overall strong trend consolidation near highs.  On the list often, broke out off the list 2 weeks ago and we took it off but still attractive here.  Some concerns over TEMU China app being used for US consumer data, but so does everyone in my opinion. Sales are strong.  Chinese provider of third-party mobile e-commerce platform for buyers with merchandise shopping experiences

LPG – 11 week base near highs. A global shipper of liquified petroleum gas with Very Large Gas Carriers. 

YY – 5 week ascending base, 2nd week on list, broke out last week then pulled back a bit Friday.  PE 13. Chinese provide online voice and video communications services, social networking services and online games. 2nd week on list.

TIGR – 7 weeks tight base pattern for this Chinese online brokerage. Broke out to 5.70 last week but closed at 5.08 but weekly still attractive here, 4.86 key to hold.

EDU – 11 week base near highs.  SRP Position last week but we took profits on the spike last week, but the pullback since is attractive still . Chinese provider of language training & test prep courses to 3.7 mil students via 107 schools/637 centers 

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

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 for more details  Track Records available for all services!–  Swing trading Bull or Bear 3x ETF securities only. Hosted on 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!–   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 2023 YTD Trades– 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. Very volatile movements and not suitable for moderate or low risk investors. 

E-Mini Future Trading Service   ESALERTS.COM $50 a month on stocktwits 

SP 500 Futures Trading Advisory service.  Hosted on… 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.

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