10 Sep 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
Weekly Stock Market Forecasts, Charts, and Swing Trading Ideas List and Strategies Report
Week of September 11th 2023
StockReversals.com 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
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:
As noted over last few weeks in my services I have been looking for an ABC type pattern for a correction from the July 2023 highs as part of a larger 4th wave correction pattern. I also noted a likely August B wave rally which we had and then ran into resistance. This past week we pulled back in a C wave across SP 500, QQQ ETF, IWM ETF etc… normal action so far and frankly still well above the A wave lows in August.
Bottom line though is my projection was for a August-September correction period ending roughly the 2nd week of September which is upon us this week. I expect we will see my 4800 SP 500 target laid out awhile back this year by year end and the bull market will continue if I’m right.
To wit, we started an initial position in TQQQ on Friday in the 3x ETF service hosted on Stocktwits, and we will double up if the C wave pulls back further which would be normal from current levels.
SRP stock swing trade service has been doing great last few weeks with multiple winners. We always sell half when we are up 6% or above from our average entry price on all swing positions, no exceptions. This comes in handy especially during market corrections where I also tend to have much fewer swing trade alerts and we are more patient. Now that the correction is on the path of winding down to a likely finish, we will look to be proactive and pick up more positions. You can see our Trading Results here.
3x ETF service banked some gains in the past two weeks on SOXL and TQQQ and we are currently long LABU (Biotech) and started a new TQQQ position on Friday. Futures service had some big wins into latter July and we are looking to get long which we did on Friday this past week as well for the E Mini Futures service on Stocktwits. TPS service has closed out a few positions at 100% gains such as TGTX at 30 before it collapsed from 15 average and WULF at 3.40 from 1.65 average before it dropped hard on Bitcoin dropping. We are currently long a Quantum Computing play within the past two weeks which is doing well.
SP 500 Update 9/8/23: C wave could still work lower, 4457 is key support for now
The August 11th chart I did played out pretty well…. B wave ran up as planned and now a C wave is in effect. Repeated below for reference.
Updated Daily SP 500 A wave winding down? B wave possible soon
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
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:
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
9/10/23 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
GCT – Ascending base at highs, reasonable PE with strong growth. Hong-Kong based global trade service company provides B2B eCommerce platform.
DKNG – Stock pulled back after ESPN announced entry into market, but may be opportunity. Operates an online sports platform that enables users to play fantasy games and win cash prizes. Current SRP position as of last week at 30 avg.
DLO – Breaking out of 3 weeks tight pattern after strong run up. Uruguay based Co provides cloud-based payment platform to global enterprise merchants in 40 countries
RELY – Current SRP position as of last week. 6 week overall ascending base near highs. Breaking out of 3 month base pattern to highs. Provides digital financial services for immigrants through Cross-border remittance and banking services.
IOT – Often on the list, broke out of 13 week base last week on earnings. Provides an end-to-end solution that allows businesses that depend on physical operations to harness IoT data.
MMYT – Has has a run, so maybe needs a pullback but on watch. India-based provider of online travel services primarily for individual travelers via www.makemytrip.com.
FUTU – 6 week overall base, currently in a pullback. China based company operates as a holding company that offers an
online brokerage platform
MOD – 6 week base pattern near highs. Ranked #1 in sector by IBD. Manufactures thermal management systems for automotive OEMs and the building, industrial and refrigeration
COCO – 12-13 week flat base near highs. Could break to upside soon. Manufactures coconut oil and milk, energy drink, enhanced water, protein-infused water, and other products.
FRSH – 6 week base near highs, recently closed for profits as SRP position but attractive still. Develops SaaS customer engagement platform to assist enterprises by improving business engagement.
IBKR – 6 week tight base near highs. Provides global electronic market making and brokerage services in securities, futures/foreign exchange (Interactive Brokers)
TDW – Breaking out of 8 week flat base at highs. Provides offshore support vessels and marine support services to the
offshore energy industry worldwide.
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 2023 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. 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 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!
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.
Contact Dave with any questions (firstname.lastname@example.org)