12 Nov 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 Nov 13th 2023
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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: Bottom nailed now what? 4900?
Two weeks ago I had a chart showing 4113 as a nice 5 wave Fibonacci bottom potential for SP 500. We bottomed at 4103 and have ripped about 300 points or 7% since that low. The QQQ ETF (Nasdaq 100) also looks bullish as do Chip Stocks (SOXL). Updated chart on SOX index below along with updated SP 500 views. My 4800 year end SP 500 target still possible from this summer projection, but 4900 is new projection intermediately.
Trading: Stocks, 3x ETF’s, and SP 500 futures services
SRP stock swing trade service remains long 5 positions and we took 1/2 profits on YY (Chinese Play) this past week, looking to add more positions.
In the 3x ETF service we remain long TQQQ and are finally in the Green, we also started adding to pullback positions in Energy and Gold 3x ETF related plays as well. The futures service had a 185 point profit going long and the latest projection there is for 4460 ranges on ES Futures. Chip stocks ripped higher and my continue the rally (SOXL). Biotech we have avoided but it’s trying to put in a double or triple long term bottom and could play nicely soon (LABU).
Semiconductors reverse course on NVDA new chip for China and TSM earnings
SP 500 Updated: Weekly Views and Daily Reverse Head and Shoulder view
SP 500: 61% retrace of March lows to July highs chart I did on Oct 28th played out for a bottom!
Trading Results: See full SRP Stock Swing Trade results 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.
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Members of all the premium services are updated daily on market maps and forecasts and we strategize accordingly.
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- Stock ,ETF , and SP 500 Futures Swing Trading plus Growth Stock Investing options for membersRead 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
11/12/23 Updated list and updated notes on older names as well- – “Needs to hold” pricing given due to difficult stock market of late
Click on Symbol to see Chart for each Stock listed
ELTK – Electronics-Contract manufacturer close to breaking out of a weekly base near highs. High composite rating in IBD tech stock sector. Earnings due 11/16
DKNG – 2 weeks ago started a breakout of 13 week classic base pattern after earnings on 11/2/23 and soared, but still attractive for a 52 week high breakout potential. Operates an online sports platform that enables users to play
fantasy games and win cash prizes
ZS – Has been on the list a few weeks and moving up nicely, still attractive. Operates a massive, global cloud security architecture, delivering the entire gateway security stack
AMPH – Strong earnings report and 2 day rally tight near rally highs. 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%.
PDD – 6 week base near highs. Another strong China name. Chinese provider of third-party mobile e-commerce platform (TEMU) for buyers with merchandise shopping experiences. Earnings due 11/23, 4th week on list. SRP Open position
FUTU –10 week consolidation. Needs to hold 56.15 area, 7th week on list. China based company operates as a holding company that offers an online brokerage platform
FRO – 6 week ascending base near highs. Current SRP position and has been on list a few weeks. Provides tanker transportation services of oil and oil products through a fleet of 70 vessels. A little pullback this past week with energy stocks.
DASH – (Doordash) Broke out of 13 week base on earnings to highs, now a pullback should provide good entry. Looks like a up with handle bull pattern on this pullback to a handle formation just off highs. Provides restaurant food delivery services via online & mobile application across U.S, Canada, and Australia.
VRNS – Broke out of 13 week base to highs last week, still attractive, 2nd week on list. Develops software that enables organizations to analyze, manage and map human-generated or unstructured data.
EDU – 11 week base near highs. Reported strong earnings and spiked just over 70 before pulling back to 65 area late in the week. Former SRP position recently which we sold higher. Chinese provider of language training & test prep courses to 3.7 mil students via 107 schools/637 centers.
CRWD – Broke out of 4 week base near highs on strong results. Operates as a software company that develops security solutions in the United States.
INSW – Pulling back with energy sector this past week. International Seaways, Inc. is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products
PINS – Broke out of 13 week corrective pattern two weeks ago on strong earnings. A lot of digital content creators are using their platform for E commerce etc. Provides a visual discovery platform that helps users to discover
ideas for various projects and interests
MNSO – (China Retail) 8 week consolidation near highs. China based Co operates 5,200 stores located in 80 countries and regions under the brand name MINISO. PE 31 Strong 100% YOY growth in EPS. Earnings due 11/21
TNK – (Tankers Shipping) Broke out of 8 month base to new highs two weeks ago and in 2 weeks tight closings base. Provides international crude oil and petroleum product transportation services with a fleet of 43 owned
YY –6 week base consolidating near highs. PE 12. Chinese provide online voice and video communications services, social networking services and online games. 2nd week on list. Needs to hold 37. Current SRP position
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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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
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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)