29 Jan Weekly Stock Market Forecast and Swing Trading Ideas Report
TheMarketAnalysts.Com
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 Jan 29th 2024
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
General Market Summary plus Swing Trade Ideas List:
Updated David Banister Market and Elliott Wave Views on SP 500 and more plus the weekly swing trade ideas list is at bottom of this report
Markets, Charts and more:
First weekend report since December 17th. With that said, I had a 4900 SP 500 projection in early November and also followed that up with a 5140-5200 projection a bit further out time wise.
We are in a powerful wave 3 up in Chip Stocks and the QQQ ETF (NASDAQ 100) which I outlined in some charts in a few of my services earlier last week. Recent on a short term basis the markets are arguably a bit extended.
Trading: Stocks, 3x ETF’s, and SP 500 futures services
3x ETF Now on NEW PLATFORM!!! The3xetftrader.memberful.com SMS Text, Post, Email, Morning Reports and more!!
In the 3x ETF service we are trying to buy a dip in SOXL if we get 34 or below which happened on my projection on Friday. Also perhaps LABU which has not pulled back enough to hit my entry point (Biotech) as well as long initial positions recently TNA, SPXL. We also like YINN as China may bounce up some.
Last week we had 3 SRP stock swing trade positions rip higher and we took profits on three of them from 8-12% and holding 1/2 on all 3 still per rules. STNE, S were two big movers early in the week and GCT was the big mover for SRP stock swing members late in the week. The futures service got long ES at 4880 and are looking for potentially much higher levels as well.
SOX (Semiconductors) in a Bull Wave 3, may consolidate some near term
QQQ – NASDAQ 100 in Wave 3 up
Trading Results: See full SRP Stock Swing Trade results 70% success rate since 2009 click below
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.
In addition to being a member of various services, you can follow my comments during the week:
- Twitter/X @stockreversals
- Stocktwits @stockreversals for daily commentary on various topics
- Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for members 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
SWING TRADING 101– Click to review my 10 plus keys to profitable and consistent swing trading I’ve used since 2009
- 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
1/28/24 Updated list and updated notes on older names as well- GCT Ripped big for SRP off last weeks swing trade ideas list, we sold 1/2 for profits per rules.
Click on Symbol to see Chart for each Stock listed
GSIW – 2nd week on list, highly speculative low floater Post IPO base break . Hong Kong based co provides financial services, asset management through its operating subsidiaries
DKNG – 8 week base and nearing 52 week highs breakout after recovery. Operates an online sports platform that enables users to play fantasy games and win cash prizes.
S – Current 1/2 remainder SRP position and can run higher off 5 day and 5 week behavioral consolidation pattern. Provides AI-powered XDR platform to autonomously prevent, detect, and respond to cyberattacks
PRCT – 3 weeks tight near highs. Manufactures medical and surgical equipment focused on the
treatment of benign prostatic hyperplasia.
GTLB – Back on the list, ripped higher off the list 2 weeks ago but still looks like it can run to more highs. Provides DevOps platform that allows users to build software with a reduced development lifecycle.
STNE – 6 week base near highs, current SRP position we sold 1/2 last week for profits on the pop. Brazilian company provides financial technology solutions for merchants and integrated partners.
PDD – 9 week flat base near highs. We made good profits on this weeks ago and sold before this 9 week lag. Chinese provider (Temu) of third-party mobile e-commerce platform for buyers with merchandise shopping experiences. Needs to hold 135
DASH – Was on the list at 94 few weeks ago, then off when it broke out. Now in a 3 week ascending base at highs is bullish. Provides restaurant food delivery services via online & mobile application across U.S, Canada, and Australia.
ITCI – 5 week bull flag pullback near highs. Develops small molecule drugs to treat neuropsychiatric and
neurological disorders.
PT – 6-7 weeks tight base near highs .Manufactures fresh pet food sold via company-owned refrigerators
in over 30,000 stores across North America
PCOR – 6 week base near highs. Provides cloud-based software for modernizing and digitizing construction management.
ALKT – We made profits on this at SRP but still attractive here near 25. Offers a cloud-based platform that delivers digital banking solutions to U.S. banks and credit unions
INTA – Breaking to the upside on a right side of a deep post IPO base. Provides cloud-based and AI-powered software solutions for the professional and financial services industry. Turned profitable last quarter.
HG – 9 weeks post IPO tight base closings and pullback this past week offers potentially better entry. Bermuda-based insurance company offers diverse insurance and reinsurance services to clients 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 from 2019 to early 2024, and now on our own platform Jan 2024! $395 a year or 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 2024 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 from 2018-2024, now on our own platform along with 3 x ETF service!
SP 500 Futures Trading Advisory service. Formerly 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 (reversaltraders@gmail.com)
All services are subject to our terms of use agreement you review and agree to prior to registering.