Stock Reversals | Weekly State of the Markets and Swing Trading Ideas Report
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Weekly State of the Markets and Swing Trading Ideas Report


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Weekly  Stock Market and Trading Strategies Report Week of  May 11th

“At a time like this, I really appreciate people like you who have chosen to give back/pay it forward when it’d prob be easier to just trade for yourself. Thanks for literally sharing the wealth!”  Cam- 3x ETF member


  • SP 500 at key inflection going into Monday trading (C wave down or breakout)
  • NASDAQ leading the charge with Tech and Medical Tech (Updated QQQ chart and pivots)
  • Put to Call ratio plunging to .53, near 2020 market high reading (Bearish or Complacent reading)
  • Gold looks poised to re-test 1788 highs plus (Chart)
  • NYSE index in 21 trading day base, again Monday expect confirming move (Chart)
  • Swing Trade list going for 7 straight weeks of 85-90% winners (See list at bottom of report)

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

Read up at 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!– Dave

Tech and Medical Tech continue to lead.  We saw a 20% move up in our BCRX position Friday at SRP, also alerted a recent IPO on Friday on a pullback and it ran up 9% from alert price. 3x ETF has two positions open going into Monday trading, and the Futures Service gave up profits twice in overnight trading action but contained losses. Our Tipping Point Stocks (Long Term Growth) are on fire, PRVB leading the way with a huge weekly gain.

Swing Trading Services:

Flagship SRP Stock Swing Trading and Market Forecast Service:  Track Record  is online, 10 years since August 2009 inception, 70% profit rate trading stocks based on fundamental and behavioral patterns both. Morning Pre Market reports, Buy and Sell alerts, follow on advice daily on all positions, SP 500 Banister Wave models daily. Monthly, Quarterly, Annual options.

3x ETF Service on :  $40 a month,  Track Record   is online. 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   Use the Subscribe tab to join off your desktop on Stocktwits

Stocktwits SP 500 Futures Service:  $50 a month,  Join the Trading Room and Follow my SP 500 guidance, Charts, and trade yourself with my alerts and guidance  See details here:

Auto-Trade ES Futures service– $149 a Month, $349 Quarterly, We auto execute Micro-MINI contracts $1,400 per contract roughly for members who are too busy to handle alerts and trading on their own.

General Market Summary:  Updated Banister Market and Elliott Wave Views on SP 500

 SP 500 and Other Index commentary:

We are continuing to see Nasdaq lead the way as Technology and what I call “Medical Technology” plays are leading the charge.

We also have likely a few million new day traders and traders joining the fold since the market crash and since Covid-19 put people out of work or laid off for now.  Charles Schwab noted 600,000 new accounts opened in one month alone for example. I think many of these newly active traders are pushing tech and medical tech to parabolic popcorn popping like movements.  This action is likely not sustainable and this behavior comes near tops typically.  However, we may get a parabolic blow off in the NASDAQ index (QQQ ETF) ahead before a larger pullback.

You could wake up one morning very quickly to “Risk Off” and see your positions down 6, 8, 10, 13% in one day, so just be advised to keep one eye open and a finger on the sell trigger, or tighter than normal stops. The party ends at some point.

In the meantime, at SRP we have been riding the trend literally since the morning of March 23rd and will continue to do so but intelligently.

The SP 500 is the Index I normally forecast since it has a good cross section of the economy and market in general. It pulled back hard about 10 days ago with a Thursday and Friday decline that took 6.5% off the ES Futures in 2 days. This past week we rallied up in what I assumed would be a bounce up B wave, followed by a  C wave down to 2660-2720 ranges off the 2954 SP 500 highs since March 23rd.

With that said, the NASDAQ is at post March 23 highs while the DOW, SP 500, Russell have not yet followed. This is setting up a possible bearish divergence that must be watched, even if we are riding Tech and Medical Tech swing trade wise etc.  I believe early this week the markets will give us the next major direction.  Will the other indices follow the NASDAQ as it rockets higher or will we run out of gas?  50-50 call, but I will play it whichever way it tells me for my members of various services

My old friend who has since passed away, Tony Caldaro used to more or less say “Project, Monitor, then adjust” in terms of Elliot Wave analysis.  I was projecting a drop into Mid June not straight down, but to 2660’s area likely over a week ago, but if we rocket up this week I’ll have to adjust accordingly.

Charts this week: SP 500, NYSE, GOLD, Put to Call Ratio


  • SP 500 in B wave up, but if we smash past 2954 then I need to re-evaluate the count obviously
  • NYSE Chart 21 day base, often preceeds big move (Banister Behavioral Pattern)
  • Put to Call ratio at .53, this shows complacency post Crash (Warning sign)
  • Gold looks ready to test prior 1788 highs and then some
  • QQQ chart 227, 233 pivots above to watch




 Other Indicators and Charts:

Advisor’s start turning more bullish: (Contrarian signal, but still room to move a little higher)

Advisors are now 48% Bulls and 27% Bears.   (Last week 43 Bulls and 29 Bears). At the bottom or near bottom after the first bounce we were around 41% Bears and 30% Bulls, this has now reversed and typical near the final leg of a rally up off lows.

Twitter Poll: Confirms market inflection?

For fun I put out a twitter poll this morning to my followers, and though perhaps not statistically perfect here are teh results: Split evenly with Traders expecting Parabolic NASDAQ move and or a 7-10% correction.  That’s called an inflection point

What is the next market direction?:

Bottom Line?:

The plan is to continue to swing trade and or invest with my various services for Members to make profits on a consistent basis. One of the first steps is for me to determine what Wave pattern and stage of a market rally or decline we are in, and then plan and execute trades and or allocations accordingly.  The market has had a great rally, and starting to show some signs of tiring out and we will trade accordingly.  


Advice for 2019

Consider joining my subscription services at TheMarketAnalysts.Com for tradeable ideas and updates daily, 3x ETF, SP 500 Futures, Stock Swing Trading and Long Term Growth stocks (PRVB one example)

If not you can follow my comments during the week: 

  • Twitter @stockreversals
  • Stocktwits @stockreversals for commentary and or in my subscription services to stay up to speed daily. 
  • Follow me on  Linked In as well where I provide periodic updates to professionals

Its a New Economy, think outside the box: 17 ideas this week

6 weeks in a Row of great ideas with a 90% success rate including last week!  Each week I try to come up with some fresh ideas, repeats as well if they have not broken out yet, or I remove prior ideas if they already ran up.

Last weeks big winners were DXCM up 19% and ZYXI up 13%.

Price per share doesn’t matter, what matters is % movement!

Repeated from Last week:   

ZYXI- This was on last weeks list and rallied 13% for the week, but pulled back some. Still attractive.

BOX- On the list frequently of late, moved up this past week but could continue breakout. Cloud based business.

ZM- 7 week overall base pattern for Zoom Video, which I first highlighted at $90 area near market lows

14 New Names for 5/11:

CATS-  On the list several weeks ago, ran up 50%. Has pulled back hard and a good entry point possible here (Tele-Heath trend, high insider ownership, tight share structure. Short attack pushes it back to good entry possibly, testing 10 week EMA line near $22

DDOG- Earnings due Monday, but emerging leader in Cloud Infrastructure Management

AMD- 4 weeks tight base pattern for chip leader

SFM- Covid play as the move towards Organic and Vegan diets accelerates (340 stores, broke out last week)

KL- Gold miners consolidating and could run if Gold breaks back to the upside, 3 weeks tight pattern

TSM- On the list again, Chip market in a 4 weeks tight base pattern

PFSI- PennyMac Financial services mortgage loans as well as Investment Management activities, 2 weeks tight.

VIRT- 5 week tight base pattern. Infrastructure supplier to the stock trading sector, low PE ratio

VRTX- 5 weeks base pattern near 52 week highs. Leading Bio-Pharma with Cystic Fibrosis therapies

NFLX-  Netflix I first advised at $290 post market lows, now 430’s.  However, could still work higher after 4 week base here

SSRM- Silver could follow Gold and Gold miners higher, 3 weeks tight ascending base is bullish here

TTWO- Take 2 Software benefiting from Online gaming etc.  6 week ascending base pattern.

INVA- 5 weeks tight ascending base pattern. Develops small molecule drugs for respiratory diseases

BMY- Bristol Myers in 4 week overall consolidation, low PE, very diversied Pharma/Biotech hybrid company

Read up on my various offerings to take advantage of Bull and Bear cycles in the markets below

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.

Read up at for more details  Track Records available for all services!–  Swing trading Bull or Bear 3x ETF securities only. Hosted on 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!–  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!  Track Record of 2019 and 2020 Trades– Growth Stocks with 50-200% upside with our proprietary research! PRVB recent huge winner!   Fresh ideas every month. 

E-Mini Future Trading Service SP 500 Futures Trading  Hosted on…  Incredible track record since Oct 2018 Inception.   Track record online  Auto Trading of Micro MINI contracts, $1,400 roughly per position size. $5 move for each 1 point SP 500 move. Trades executed on your behalf based on our Advisory automatically. For those too busy to follow alerts and trade on their own.

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 (