.

  • Swing Trade Idea – July 28, 2020

    Jul 28, 2020 Uncategorized Comments Off on Swing Trade Idea – July 28, 2020

    Market View

    Global markets are generally negative with USA markets negative, Europe negative, Japan negative but China positive.  USD is up slightly after a sharp decline and impacting commodities including gold and silver.  Yield curve is flat which is neutral.  Shaping up to be a negative range day as long as selling does not increase and SPY stays above 319.  FAANGM stocks are negative in the premarket and key for market direction.

    Premarket names:

    PFE/BNTX PFE earnings beat and starting Phase 3 vaccine trial; SHW beat and raise; MCD miss; VCRA earnings beat upgrades; AJRD earnings beat

    Stock Idea; SHOP

    SHOP earnings tomorrow. GS has upgraded to buy ahead of the report with 1127 price target.  Thinking of SHOP as a day trade only into the earnings report. Resistance at 1031. Look for dip at open Shop in a squeeze on daily chart. 

0 comment
Top