23 Jul Weekly Free Stock Trading and Elliott Wave Forecasts Report
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FREE STOCK TRADING IDEAS WEEKLY REPORT
Weekly Forecasts and Swing Trading Ideas Report: July 22nd
The SP 500 remains in a consolidating base pattern while working on our low end Major Wave 5 target of 3020. The NASDAQ is near all time highs in a consolidation window. The Dow has been going sideways more or less for months. We have a possible turn window on or around July 26th plus minus a few trading days, so maybe we get a big breakout of this range or a correction. Not much help there we know, but look for a large size move we think ahead. The bottom line though is we are looking still for 3020 as our low end target for SP 500 in the months ahead.
Biotech is also consolidating near the top of the range in a 5 week window, we have charts on the SP 500 and XBI ETF below:
Biotech: Consolidating near highs
Swing Trade Ideas Report: 16 Swing Candidates
Each week we try to lay out 10-18 names as Candidates for interim swing trades, often we pull a few from this list and otherwise provide it for additional ideas for our SRP members:
TTD- 10 week ascending base and now breaking out. On our list multiple times of late. Self serve digital ads platform.
TWTR- 6 week base near highs, Earnings due 7/27 for Twitter
FIVE- 7 week base near highs ,625 discount $5 or under stores and growing
GOOS- 6 week base near highs, Canadian Parka and outerwear maker
VNOM- 9 week base, right side of cup and handle for this energy producer
BZUN- 9 week base, right side of cup and handle for Chinese E Commerce king
TAL- 22 week overall base, k-12 tutoring
ZTO- 8 week base near highs, express delivery in China, SRP Swing Trade currently open
PGTI- 10 week flat base, Doors and Windows maker
MU -20 week overall base, PE ratio only 5, Chips and Sensors king
NOMD- 5 week base near highs, Frozen Foods
IDTI-9 month overall base
PETQ- 4 week base near a breakout. Veterinary Meds for Dogs, Cats etc.
WHD- 10 week base, Oil services equipment, wellheads etc.
EPRT- 5 week Post IPO base near highs. Class A real estate trust
HMSY- 2 weeks tight near highs, Health Insurance services provider/Billings etc.
Stock and ETF Swing Trading and Elliott Wave Forecasts
7/23 Update: Big push up in our ZTO swing trade last week and we have more alerts coming out this week at SRP. 72% success rate on all trades since September 2013 inception!
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