.

  • Swing Trade Idea – November 23, 2020

    Market View

    In the premarket world markets are broadly green with USA indices, Japan, Europe, Hong Kong and Asia all positive.  US dollar lower is positive for equities and commodities including energy; however negative for precious metals. Yield curve is steeper with long yields higher which is positive for financials and small caps. News today is the combo of AZN reporting 90% efficacy and REGN receiving emergency use authorization which is a catalyst for the reopening stocks to move higher.  FAANGM stocks are mildly up and supportive to markets but strength is in financials, energy, travel, alternate energy/ EVs, China / emerging markets and bitcoin.

    Premarket names:

    Covid Vaccine AZN RGEN PFE BNTX MRNA   Earnings BZUN ; Upgrade CPRI URI CLF Bitcoin GBTC RIOT MARA BTBT MYST;  EVs  NIO TSLA LI XPEV SOLO KNDI RIDE LTHM FSR HYLN ;  Momo FUTU CRSR APPS TSM CROX ROKU SQ  

    Stock Idea; SDGR

    Catalyst drug development with BMY worth up to $2.7B. Broken out on daily chart in premarket. Target $73 with resistance at $66.83. Look for pull at open that holds for an entry


    Schrodinger, Inc. provides computational platform to accelerate drug discovery and materials design for biopharmaceutical and industrial companies, academic institutions, and government laboratories worldwide. The company operates through two segments, Software and Drug Discovery. 

0 comment
Top