Stock Reversals | Weekly Elliott Wave Forecasts and Trading Ideas Report
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Weekly Elliott Wave Forecasts and Trading Ideas Report

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TheMarketAnalysts.Com 

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StockReversals.com Members get an exclusive 25% coupon offer to join our SRP Swing Trade subscription service. 

Read up on all 4 Subscription Options at TheMarketAnalysts.Com or bottom of this Report


 

 

Weekly  Stock Market and Trading Strategies Report Week of September 9th

Results and Notes:  Market in Bull Mode

We are stepping on the gas at StockReversalsPremium.com (SRP Swing Trade Service)  while we are in Wave 3 up here (by my market analysis) to all time highs.  We added some new swing positions this week, and are taking a shot at a 4-8 week Swing in XXXX (Reserved for members) late this week for potential big upside on a micro-cap. Have to try to add some beta once in awhile as a swing trader while spreading other bets.  We sold 1/2 XXXX (reserved for members) on Friday for big gains because its been a volatile stock, but intermediately this final 1/2 could explode higher in next few weeks.  Also having nice consolidations in our other 3 open positions, looking strong. Will look to add a few more swings this week.


Short Term and Long Term Elliott Wave Views for the SP 500 Index

Short Term: Wave 2 pullback still ended up holding the 2843 on close zone a week ago, and now we should be up in Wave 3 finally. A complex ABC-x-ABC pattern for Wave 2 in my view.

Long Term:  That elusive confirmation of Wave 3 up finally came this past week as we got past 2940. (Wave  3 of Intermediate 3 of Major 3). 3100 plus still in the cards for Wave 3 up in time. Wild card is of course the Tariffs, but long term the market Elliott Wave count remains Bullish. Lots of Bear that are market forecasters andAnalysts  in the industry on Linked-In website I noticed, makes me convicted in my long term views. The 20 month cycle is breaking out per recent discussions.


Long Term View:  Int 3 of Major 3 underway to over 3000 made up of 5 waves

Wave 3 up underway, updated chart below. This should be a 3rd of a 3rd of a 3rd from the 2815 SPX lows, very powerful if so.

Click to Enlarge


Short Term View: Wave 3 up

Move over 2940 is bullish. Should attack all time highs as we break out of 20 month consolidation which was similar to 2015-16. Complex abc-x-abc outlined below for Wave 2.

Click to Enlarge

The 20 month cycle I wrote about two weeks ago should break out in September, so far so good:


Market Notes and Indicator Charts:

  • SRP stepping on the gas with new Swing Positions this past week
  • Great time to look for micro and small caps still
  • CNN fear gauge bottomed two weeks ago

Weekly ideas and tips on Swing Trading Success:  Getting aggressive by going counter-trend

I look for clues of market bottoms or tops to help confirm my Elliott Wave views outside of the charts. These include headlines, Linked In posts from analysts and forecasters, Barrons cover stories, CNBC being too bearish or too bullish, CNN Fear Gauge readings and more. A few weeks back I commented on a dinner I was at with a crew of 75 year old ladies. All of them asked me if we were going to have a recession, I told them of course not and to relax and enjoy their dinner. However, those comments came at the height of bearishness across the board and only confirmed the market was putting in a bottom soon. That’s when I put up my 20 month cycle charts and posted them on Twitter and Stocktwits and Linked-In.  Lets see if we get a melt up in the markets into year end or not, but its a good time to be aggressive.


Swing Trade Candidates: 

INMD was a recent IPO on our list a few weeks running, really blasted off and was a top performer the past few weeks of this list. QIWI also continued it’s uptrend.

Each week we try to provide 8-15 Swing Trade ideas to consider as part of our SRP service. We often pick a few from the list during the week as actual alerts and or names from our other research that are not on this list. Some weeks we pick none from the list, but gives us some stock to watch as action unfolds.  Some of these names are already SRP Open positions. 

AFYA- CHART LINK

Took a huge hit over a week ago to 22 from 30 area and couldn’t quite figure out why.  Now settting up again I think for a reversal higher. Brazilian based firm specializing in Medical education for would be physicians and those in the medical field.  Recent IPO

SMPL- CHART LINK

3 weeks tight base pattern is bullish.  Defensive play as they develop, market, and sell branded nutritional foods and snacks.

SOLY- CHART LINK

A bullish 10 week corrective pattern and a super bullish triangle chart pattern. Developing medical device technology for Cellulite, Tattoo Removal, Scar treatment, Fat reduction and more without invasive procedures needed. Head of the technology is the same person behind the DXCM technology (15 Billion market cap). Looks poised for a big run up.

PRVB- CHART LINK

13 week base after stunning at risk Type 1 Diabetes data and Breakthrough Status from FDA. Possible buyout candidate, could break to upside soon.

ESTC- CHART LINK

7 month base for this leader in search technology for service as a search solutions.  Could get on a run after recent correction. Multiple applications across multiple industries.

MWK- CHART LINK

Recent 2019 IPO, sells consumer products based on AI data. Interesting small cap, volatile. Nice chart set up. Could attack prior 10.74 highs from 9 area.

PAGS- CHART LINK

Was on our list weeks back and took off, Still near 52 week highs now but testing weekly EMA line. If 50 area holds could have another run up. Payment tech solutions provider in Brazil.

SEDG- CHART LINK

Big run up and now 5 week corrective base makes entry less risky. DC optimized inverters for Solar installations. Would like to see 73-74 area hold from 77 here.

Read up at TheMarketAnalysts.com for more details

Coming SOON! The 3x ETF Trader, a service hosted on Stocktwits.com with a 20% discount for SRP members, trading 3x ETF pairs in Bull or Bear movements. 

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, Swing Trading, and Auto-Trade execution service for SP 500 futures trading.

StockReversalsPremium.com–  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.

Tippingpointstocks.com– Growth Stocks with 50-200% upside with our proprietary research! We cashed out on SOLO for over 200% gains in 5 weeks! SOLY recently up 150% in 4 weeks!

E-Mini Future Trading Service -Hosted on Stocktwits.com… Just closed a 20% 24 hour gain the week ending May 3rd!

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 our market map models and then translates that to Futures Trading advice and alerts. Short term and long term views…morning updates, trades and more.  24 point win this past week or 24%.  Join for $50 a month!

ESAlerts.com  Auto-Trading SP 500 Futures Service

Just hit for a 33 point win the week of June 21st in 24 hours for $1,650 in profit for each $6,000 contract!

Launched in late January 2019 for those who are too busy to wait for alerts to buy and sell and want us to handle executions for you with our Trading Firm in Chicago.

Contact Dave with any questions (Dave@stockreversalspremium.com)

TheMarketAnalysts.com


Read up at TheMarketAnalysts.com for more details

Coming SOON! The 3x ETF Trader, a service hosted on Stocktwits.com with a 20% discount for SRP members, trading 3x ETF pairs in Bull or Bear movements. 

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, Swing Trading, and Auto-Trade execution service for SP 500 futures trading.

StockReversalsPremium.com–  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.

Tippingpointstocks.com– Growth Stocks with 50-200% upside with our proprietary research! We cashed out on SOLO for over 200% gains in 5 weeks! SOLY recently up 150% in 4 weeks!

E-Mini Future Trading Service -Hosted on Stocktwits.com… Just closed a 20% 24 hour gain the week ending May 3rd!

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 report

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