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Swing Trade Ideas – January 20, 2021

Market View

In the premarket world markets are mixed with USA green; Europe green; Japan red; Hong Kong green; China red; and Asia green. US dollar is slightly positive which is slightly bearish for commodities and equities. Yield curve is steeper which is bullish for equities. Large cap tech is the leading USA sector with small caps lagging. NFLX is the catalyst which reported higher than expected subscriber growth and discussed becoming cash flow positive in spite of missing earnings estimates.  China internet stocks are strong on mainland China now buying and the story that Jack Ma is alive! Leading sectors are China internets, small momo tech, genomics, semiconductors and  FAANGMT.

Premarket names:

NFLX earnings FUBO ROKU DIS up on sympathy; BB money chasing; China Internet BABA PDD DADA BIDU GSK JD;  Car mfgs TTM GM F;  Earnings MS PG; Semiconductors TSM ON;  Gambling PENN DKNG

Stock Idea; OPEN

OPEN operates a digital platform for residential real estate in the USA. Recent IPO. Can consider long over 29.50 with 32.39 target. Tues there was a strong move with volume.