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Swing Trade Idea – December 4, 2020-

Market View

In the premarket world markets are positive with USA green, Europe green, Japan slight red, Hong Kong green, China green, and Asia green. US dollar continues to slide lower which is positive for equities and commodities. Yield curve steeper is positive for small caps and financials.  USA and Canada employment reports are pending which may be market moving. Today looks like the reopening trade is on today with the travel stocks moving along with energy after the OPEC agreement. IWM and DJIA are the 2 indices to focus on based on the premarket with caveat that the FAANGMT stocks need to behave.

Premarket names:

Cloudstock & Security earnings CLDR DOCU PD  ZUO MDLA Retail OLLI BIG ZUMZ  Bitcoin RIOT DPW NETE GBTC MSTR   EV&Alt energy BLDP FCEL PLUG NIO XPEV LI  Airlines UAL AAL BA SPR Watch for follow through  WBA MU MT VALE TSM  Energy TOT HAL BP FANG OXY RDS News PFE SE
 

Stock Idea; SE

SE is a Singapore based e-commerce, digital fintech company, streaming gaming company. SE is up today as it received a license to operate a digital bank in Singapore along with ANT group (BABA). All time highs 196.1, look for a pullback after open to 20ema/vwap on a pullback