03 Mar Weekly Stock Market Forecast and Swing Trading Ideas Report
TheMarketAnalysts.Com
Weekly Stock Market Forecasts, Charts, and Swing Trading Ideas List and Strategies Report
Week of March 4th 2024
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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:
This was my commentary in part two weeks ago:
One good example also though is taking a contrarian swing trade such as with YINN this past week or two. China has been in a Bear market for some time now, but the behavioral pattern recently indicated at least a counter-trend Elliott Wave Move was at hand. We entered in two tranches, and this past week YINN ripped off the low 15’s to mid to upper 17’s where we took our 8% profits on 1/2 the position. We also got into Energy recently, contrarian play as well because the sector had lagged. However, a Banister Behavioral pattern (13 days) emerged and that pushed us into 2x Bull ERX position which then pushed much higher last week.
Behavioral patterns rule the market movements, not interest rates, FOMC Meetings, CNBC commentary, Inflation etc… its how the group of investors as a whole decide to interpret news… In a Wave 3 up, everything ends up being interpreted as bullish… and when you understand that, you start to crush the market swing trading…. and that my friends is what I do for a living… bringing you the best swing trade set ups based on behavioral patterns for ES Futures and 3x ETF, and combining fundamentals and behavioral patterns both for the Stock Swing trading service.
Since then YINN ripped over 20 we took 23% profits in the 3x ETF service, The SP 500 has rallied to my 5140 ES Futures target as of Friday last week, and 5220 SPX is still on the table. ERX the Energy play I discussed was sold on Friday for 8% gains in the 3x ETF service as well but may work higher. We also are way ahead on our TNA 3x Bull small cap position.
We took on a TQQQ buy the dip position in the 3x service also on Thursday and it was pushing hard to the upside on Friday as I can make a case for the QQQ to rally further yet. A short to intermediate top in April will not surprise we as we are seeing Greed levels at pretty big extremes but still room for a few of my indicators to indicate a top ahead yet. The3xetftrader.memberful.com for details.
Futures service has been doing great as well, we closed out a 61 point gain on Friday night going long at 5077 and closing at 5138 as my 5140 ES target was met. ESALERTS.COM for details
5220 comes up next for SP 500, the QQQ I can and have made a case for 472 area possible
SP 500 hits my 5140 target and 5220 was my next objective:
BIOTECH can keep running as high as 122 on XBI ETF
3x ETF Track Record: CLICK HERE
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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.
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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
3/3/24 Updated list and updated notes on older names as well
Click on Symbol to see Chart for each Stock listed
FRPT ripped higher after being on the list a few weeks. NTNX broke out as did others. Below is our updated list reflecting the current market and sector conditions
IOT – Current SRP position as of a week ago, 13 week flat base which is near highs. Earnings 3/7. Provides an end-to-end solution that allows businesses that depend on physical operations to harness IoT data
S – 9 week overall consolidation, 27 area key, Back on list, we profited at SRP on this one for a swing but still attractive. 6 week consolidation Provides AI-powered XDR platform to autonomously prevent, detect, and respond to cyberattacks.
TBBB – New SRP position as of last week, was on this list two weeks ago. New Post IPO base play, public on Feb 9th so needs some time. Mexico based company which operates a hard discount retail store chain in the country.
GTLB – 7 week ascending base near highs. 5th week on list. Provides DevOps platform that allows users to build software with a reduced development lifecycle.
CFLT – Topic of IBD article over the weekend, earnings are trending up and it has an AI component. Nice consolidation following surge after earnings.
DKNG – 5 week base near highs. Operates an online sports platform that enables users to play
fantasy games and win cash prizes.
BRZE – 14 week base near highs. Provides customer-centric interactions between consumers and
brands in customer engagement platform.
PBPB – Trading near highs. Owns, operates and franchises 429 shops in a total of U.S, Middle East,
U.K, Canada, and India.
PRCT – Recent SRP position we closed for gains, but still basing near highs. Manufactures medical and surgical equipment focused on the treatment of benign prostatic hyperplasia.
ITCI – 9 week bull flag pullback near highs. Develops small molecule drugs to treat neuropsychiatric and
neurological disorders.
NET – 4 week consolidation following strong earnings near highs. Develops software for firewall, routing, traffic optimization, load balancing, and other network services
Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below or at Themarketanalysts.com
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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.
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