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Swing Trade Idea – November 6, 2020

Market View

In the premarket ahead of USA NFP global markets are weak with USA, Europe,Hong Kong, China red; Japan green and Asia mixed.  US dollar is down again which should be a positive for equities. Yield curve is unchanged. Oil is sharply down which is a negative for markets. Volatility is up today but gamma is positive which may keep S&P in a tight range for /ES between 3450 and 3500. US markets are broadly negative with mostly positive earnings reporters in the green.  As usual FAANGMT stocks are the key, they have pulled back in the premarket but may be bouncing into the open. News events are expected intraday so keep your head on a swivel.

Premarket names:

Earnings beat TTD NET Z TMUS ROKU SQ TTWO DISH CVS GPRO INSG SPCE Earnings miss AYX ELAN EA PTON PLNT ANGI EXEL DBX   FTCH BABA Investment  FAANGMT pull back after big run Cannabis stocks ACB TLRY CGC VFF 

Stock Idea; Z

Z is an online realty service company which posted a better than expected earnings report. Several analyst upgrades between $160-$132. Zillow takes advantage of the housing boom and move to online.