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Swing Trade Idea – November 11, 2020

Market View

In the premarket the USA markets are strong, Europe green, Japan green, Hong Kong red, China red, and Asia red. The US dollar is higher which is a negative for commodities which are generally down. The yield curve is steeper which is usually a positive for tech and negative for financials. The Nasdaq stocks are strong in the premarket with the FAANGMT stocks all bouncing and may be the index for opportunity.  Chinese Communist Party is discussing anti-monopoly regs, which is a negative for the Chinese internet stocks like BABA, JD and TCEHY in the premarket.

Premarket names:

LYFT TME BRKS earnings BRKS CRWD TPR upgrade ZM PYPL QCOM NVDA DOCU AMD AMAT  Nasdaq premarket leaders

Stock Idea; CRWD

Tech is bouncing today . CRWD has bounced off the 100 SMA and has a catalyst with an upgrade. CRWD is a security provider that is a candidate for a bounce if the Nasdaq strength continues into the open