Swing Trade Idea – December 3, 2020
Market View
In the premarket world markets are flattish with USA markets flat, Japan flat, Europe slight red;Hong Kong green, China red and Asia green. US dollar is down which continues to be bullish for equities and commodities. Yield curve is flatter which is negative for financials and small caps. US unemployment claims and US PMI are on tap and potentially move markets. European services PMI data recessionary may be weighing on the Euro markets. Nasdaq stocks are leading in the USA markets. FAANGM quiet but TSLA up on a huuuge target raise by GS
Premarket names:
Upgrade TSLA Cloudstock & Security earnings CRWD ZS ESTC OKTA SNOW SPLK Retail MIK PVH DG Bitcoin RIOT DPW XNET GBTC MSTR EV&Alt energy FCEL WKHS TSLA RIDE SOLO FSR HYLN XPEV JKS ENPH SEDG Gold&Silver miners PAAS GOLD KL Airlines UAL AAL BA SPR Watch for follow through SPOT NTAP
Stock Idea; CLOU
The ZS CRWD OKTA earnings should provide a boost to the sector. Can trade the stocks separately or through an ETF that holds a basket. Would look for a pullback at the open to allow for profit taking. Alternate idea is ARKK to play TSLA move.
![](https://swingtradesdel.wpenginepowered.com/wp-content/uploads/2020/12/STD_12-3.png)