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Swing Trade Ideas – February 18, 2021

Market View

World markets are negative with USA red, Japan red, Europe red, Hong Kong red, China red and Asia red. US dollar is lower,  which is positive for commodities and usually positive for equities.  Yield curve is unchanged so remains steep, which is negative for large cap tech and positive for financials. Today’s econ data is housing starts and UE claims premarket.  Nasdaq 100 is lagging lead by AAPL and TSLA to the downside and need to be watched for general large cap market direction. Major earnings news reports are:  WMT, which is down on EPS miss and forecasting flat operating income; TWLO beat and raised which can provide support to cloud based software companies. 390 remains a major SPY consolidation level and 387 the lower level to watch over the last 2 weeks, 385 is the bottom of the expected move for the week.

Stocks to Watch

Earnings TWLO FVRR NVTA MOS CF PAAS RIO NEM IQ FSLY SPWR WMT  BIDU ALB;  Sector ETFs MSOS DBC GDX GLD XLY JETS IWM SPY XLF TLT; Relative strength leaders MESA FCX CCIV SBSW SSPK ; OR WL leaders TCS POAHY FFNTF GME CLVR SSPK

Stock Idea; POAHY

Porsche has an ownership position in Volkswagon which in turn has a 30% position in QS. VW will be a major EV supplier in 2021 and a major provider of EV charging stations. Inexpensive compared to the well known EV names. Breaking out on the daily chart above 7.40. Long term idea