09 Dec 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 December 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
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 and more:
No change from last weeks notes here, seasonably favorable window obviously. I maintain my 4900 SP 500 target which basically just overlaid my June 2023 4800 SP 500 target I did not deviate from, and we can see 5200 in 2024 on the low end. QQQ also nearing a breakout after a consolidation and Biotech continues the bull market after a 30 month bear cycle.
Trading: Stocks, 3x ETF’s, and SP 500 futures services
3x Service banks 25% on Bitcoin, 32% on LABU, 11% on TNA and continue to profit regularly.
We got long SOXL late in the week in the 3x ETF service, we banked big profits on LABU, BITX, and TNA this past week. SRP stock trades are on fire, it’s nice to have some tailwinds. IMGN we hit for 83% on a buyout just 3 days after we alerted it and profits on several others as we close some out and add new positions regularly. TPS long term service saw big pop in COYA this week on a deal with Dr. Reddy for their ALS indication, and uptrends intact big time on TGTX , HIMS, ODD etc. Best time to be a member of TPS is during small cap and biotech bull cycles, which we are in.
The 3x ETF service (Just $40 a month and 70% plus success rate since 2019 inception!)
QQQ ETF: Close to breakout
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
12/9/23 Updated list and updated notes on older names as well- – “Needs to hold” pricing given due to difficult stock market of late
Recent swing list ideas: Last weeks list had several winners such as GTLB, ARM, CCL while others pulled back or consolidated. Quite a few repeaters this week still in nice patterns, and 3 of them are open SRP positions.
Click on Symbol to see Chart for each Stock listed
NET – Nice 8 day consolidation near highs for this Cloud provider with an A.I. focus.
CRSP – Nice pullback on the good FDA news for Crisper Therapeutics. This is likely a good long term entry with their DNA editing therapy getting first approval ever.
ARM – Broke out late this past week, SRP position already took 6-7% gains on 1/2, but still attractive. (Former spinout from Intel). UK-based Co that designs and licenses high-performance, and energy- efficient semiconductor technology.
DKNG – Back on the list, nice pullback this past week so looks attractive. Operates an online sports platform that enables users to play fantasy games and win cash prizes.
DASH – 2nd week on list and was trending up for breakout late this past week. Could have another leg up. Provides restaurant food delivery services via online & mobile application across U.S, Canada, and Australia.
MMYT – 4 weeks tight closings near highs within an 8 week overall base, could break out this week. India-based provider of online travel services primarily for individual travelers via www.makemytrip.com. 2nd week on list
LMND – 2nd week on list, new SRP position this past week, and could squirt higher out of this nice consolidation. Strong results early November. Offers homeowners and renters insurance in the United States and contents and liability insurance in Europe
RPD – 2nd week on list, looks ready to move. Emerging out of 10 month flat base and hitting highs. Provides security data and analytics solutions enabling organizations to develop cyber security
DUOL – 2nd week on list, 5 weeks consolidation near highs. Designs and develops digital a language-learning education platform, suggests lessons in multiple languages. Already reported very strong earnings.
ALKT – New SRP position on 12/1, we sold 1/2 for 6% gains this past week. SRP got long a week ago Friday after long consolidation. Offers a cloud-based platform that delivers digital banking solutions to U.S. banks and credit unions
SKWD – 3rd week in a row on list. 11 week overall base and recent 3 weeks tight closings pattern. Offers commercial property and casualty products and solutions predominantly in the U.S.
AMPH – SRP Position 4 weeks tight closings near recent highs, but has room to move yet. 4th week on list Strong earnings report Still room to run on weekly view. Products include the Primatene Mist asthma inhaler and just reported 203% surge in earnings from the year ago period. Sales jumped 50%.
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 (email@example.com)