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

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TheMarketAnalysts.Com 

Subscription services for the Active Investor

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  


 

 


Weekly  Trading Ideas and Elliott Wave Market Report

Elliott Wave Views- Investor Behavioral Patterns, Market Notes, Trading Strategies, and Stock Ideas!


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

Short Term: Wave 2 down from 2954 SP 500 Highs, 2800 re-test, 2765, 2715 possible for C of ABC

Long Term: Wave 2 down followed by all time highs over 3000 in Wave 3 up

 


Long Term View: 3 plus year Monthly Chart : Wave 2 of 3 

CLICK TO ENLARGE


Short Term View: C wave down

Wave 2 pullback underway from 2957 highs off Dec 2018 Lows – C wave underway from recent 2890’s area B wave top. 

Possible re-test of 2800 area, if not then 2765, 2715 for C of ABC correction, this is the same view and projection we presented on May 10th A down, B up to 2900 area, then C down

CLICK TO ENLARGE


Market Notes:

Small Caps testing March lows:

CLICK TO ENLARGE

  • Typical sell in May and go away routine, with Tariff headlines domination investor psyche.  This is classic Wave 2 sell and ask questions later mentality.  Much needed correction after a ripping 600 point Wave 1 rally off the Dec 24th 2018 Bear Cycle lows.
  • Once we confirm C wave lows, we should take a crack at all time highs again as Wave 3 up confirms
  • Several oversold indicators for momentum are making beat down stocks attractive
  • Small Cap stocks have been hit very hard in May

Swing Trading:

Top stocks are still responding to strong earnings reports such as ROKU and SE naming a few.

This past week a nice 20% plus 24 hour gainer on our SE SRP Alert:

SRP Swing Alert SE Returns 20% this past week


Weekly ideas on Trading Success:

Review the 13 day EMA and 34 day EMA lines on a daily chart to consider where to set a stop loss point

Consider market conditions when setting stops, if in corrective mode use tighter stops and in Bull mode set the stops lower and or use stops near close of market day only.


Read up on our Swing Trade Service with SMS Text, Post, and E-mail alerts for Buying and Selling positions, morning pre market reports daily, and 24/5 contact with Dave! Our SRP service has a 70% success rate since September 2013 inception!  Get a 25% coupon online to try us out!!

STOCKREVERSALSPREMIUM.COM


Swing Trade Candidates: 

Each week we 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. 

Last week in a tough market we had SE soar over 20% and in fact was an actual SRP Alert to our Premium Members.

We have 10 names this week, 3 repeated from last week , 2 are SRP Open Positions.

YCBD – CHART LINK

The only CBD Pure Play listed on a US Exchange. Volatile stock, still thinly traded. However, catalysts up coming in June. Also a current SRP swing trade. 

GH – CHART LINK

A current SRP swing Trade, they just did a $71 secondary offering and after some volatility the stock was snapped up by institutions. Looks good for intermediate term breakout. 

SE – CHART LINK

Broke out of 12 week base and SRP members made 17-20% gains, Still looks attractive with consolidation due.

UPLD- CHART LINK

5 week base near all time highs. Cloud based work enterprise work management software provider.

PAGS- CHART LINK

Breaking out of 10 week base and nearing all time highs. Provider of payment services in Latin America

TWTR- CHART LINK

5 week corrective base, should challenge multi week highs if market turns back up

LPLA-  CHART LINK

4 week base near highs, strong growth and reasonable PE in Investor Advisory/Brokerage Services

SONM- CHART LINK

Post IPO 3 week base near highs, IPO on May 10th, manufactures water soluble mobile phones for workers in dangerous environments

ZS- CHART LINK

11 week base near highs, operates Global cloud security architecture

IIPR- CHART LINK

10 week base near highs, targets industrial properties for the Cannabis industry


Read up at TheMarketAnalysts.com for more details

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

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

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