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Swing Trade Ideas – December 14, 2020

Date: Dec 14  2020

Market View

In the premarket world markets are broadly positive with USA green, Europe green, Japan green, Hong Kong green, China green and Asia mixed.  US dollar is very negative which is very positive for equities and commodities.  Yield curve steeper is positive for financials and small caps.  Small caps are leading and USA large caps are strong but FAANGM are weak which can hold them back. Headline that EU may fine tech giants 10% of revenue is hurting the FAANG stocks in the premarket. The positive memes this morning are PFE shipping vaccines,  Brexit kicked down the road and positive comments on a USA stimulus agreement this week.  AZN is buying ALXN for a large premium which may levitate the biotech sector. TSLA is strong as buyers step in ahead of the addition to the S&P500, which will be based on the Friday close. Bitcoin strong with the US dollar dump and Gold is weak with the rise in long term yields. Watch the action in the FANG stocks today as they are driving the large cap bus

Premarket names:

ALXN bought by AZN;  TSLA ; PFE/BNTX vaccine approved and shipping; RIOT MARA MSTR bitcoin; EV alt energy XPEV SOLO WKHS RIDE FSR FCEL BLDP KNDI NIO;  SPACs LAZR DMYT TTCF VLDR HCAC DMTK MPLN IPOB RIDE PIC IPOC;   SPCE didn’t get to space ; INSG 5G LJ call out ;  

Stock Idea; IBB

Daytrading idea to trade the ALXN news. IBB is 2.76% biotech but acquisition news generally lifts all. Would look for dip on VWAP for a long.

BBH and PBE have higher ALXN content and XBI and ARKG are better movers