Weekly  Stock Market and Trading Strategies Report Week of March 2nd

This Week:

• Pictures worth a thousand words, multiple various charts tell the story
• CNN Fear Gauge near 2018 Bear cycle wave A and B lows
• NYMO Breadth of market reading lowest in years!
• IWM ETF liquidation volume same as early 2016 Bear Market lows
• Put to call Ratio soaring
• Smart money bullishness at 61% vs 27% for Dumb Money is contrarian indicator
• Gold plunges, but  could still test 1490’s in Wave 2?
• 50% retrace of entire 2346-3392 power move in the SP 500 all in under 8 days
• Bounce up then possible re-test of 2850’s lows even 2750s in weeks ahead?
• % of stocks above 50 day MA or 200 day MA plunging, also bottoming signals typically

Recent results and notes: Stock ,ETF , and SP 500 Futures Swing Trading Results

We stood aside in the 3x ETF service during the crash other than taking a poke at a pivot reversal at 3140 on SP 500 via SPXL, we closed that out for a quick small loss early in week. The action was too fast to trade. Futures services took shots at pivot reversals as well, 3 losses and 1 win during the week but net loss points of 32, flat into the weekend with thoughts of maybe 3050 being hit on a bounce.

The SRP swing trade service came into the week 90% in cash, we have not added a trade in two weeks. We closed one of the final 2 positions for profits of 6%. We escaped unscathed due to my market warning models.

3x ETF Service on Stocktwits.com :   Track Record is online, join for just $40 a month and pull more money from the market bull or bear with my Behavioral based and contrarian approach to 3x ETF trading!  We solely trade 3x ETF Bull and Bear pairs as the market dictates. Read up at The3xetftrader.com   Use the Subscribe tab to join off your desktop on Stocktwits  

Futures Services:  Auto-Trade platform at ESALERTS.Com or join the Trading Room and do it yourself with my alerts on Stocktwits.com 

 This week we show multiple charts with notes on each. They tell the story.  This market re-traced 50% of the entire advance from 2346 to 3393 on the SP 500 in under 8 trading days. A crash of 16% at one point.  The fact that 5 major newspapers/journals all had Corona type headlines is one of the bottoming indicators I watch for.  Also CNN fear readings at extremes, Put to Call readings, IWM ETF liquidation volume, and several other indicators argue for a bounce up.  See all the charts with notes, they tell the story. A relief rally started late Friday, but weekend headlines not good on the virus. I still think we could get a bit more panic and a 2750-2850 zone before a bottom it possibly firm. This is a Black Swan event.

I see a possible 2850’s re-test if not a further plunge to 2750’s before the market prices in the impact to earnings this year due to the virus and shut downs over next few weeks or even days.  We may take some shots at a few 3x ETF’s and or even stocks this week depending on action, but no rush to be a hero either.  Typically after a crash and with the readings and charts I show this weekend, we get a bounce, but usually a re-test if not lower in the weeks ahead.

Review all charts and notes.  2850 key to hold, 3050 likely resistance. 2750 low end support.

Chart I did Friday morning ( ended up at 2850s lows)

Read up at TheMarketAnalysts.com for more details  Track Records available for all services!

NEW!!!   The 3x ETF Trader, a service hosted on Stocktwits.com , trading 3x ETF pairs in Bull or Bear movements.   Very strong track record since Oct 2019 inception on Stocktwits.com.  Just $40 a month!  

We offer 5 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.

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 already establishing a strong track record of profitable trades!

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. 70% success rate in 6 years of advisory services! 2019 and 2020 Track Record

Tippingpointstocks.com– Growth Stocks with 50-200% upside with our proprietary research! We cashed out on SOLO for over 200% gains in 5 weeks! PRVB rallying 130% in past 11 weeks

E-Mini Future Trading Service -Hosted on Stocktwits.com…  Incredible track record since Oct 2018 Inception.   Track record online 

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.   Join for $50 a month! Use Code SAVE20 to save 20% off first month!

ESAlerts.com – Auto-Trading SP 500 Futures Service

If you do not have time to monitor alerts, enter and exit trades on your own via Stocktwits servivce, we do the trades for you, you sit back and enjoy! Only $339 per 90 days of service, account is set up with a Chicago based trading firm and commission are low! All trades auto-executed based on Dave’s directives to the trading desk!

Re-Launched February 10th 2020 to mimic the Stocktwits Room trades 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