.

Swing Trade Ideas – February 24, 2021

Market View

World markets are mixed with USA green,  Europe green, Japan red, Hong Kong red, China red, Asia mixed. US dollar is slightly positive but not impacting commodities which are positive. Yield curve steeper is positive for financials and reinforcing the reflation narrative. Small caps are the leading USA index but Nasdaq100 is runner up with bounces continuing in the large cap tech stocks. The US markets are generally positive with reopening  sectors strong, small cap momo tech rebounding and FAANGMT positive but subdued.  FAANGMT are a must watch with TSLA strong premarket, AAPL positive and remainder of FAANGM are flat.  Large cap bulls need to see buyers returning to FAANGMT and the selling in TSLA drying up.  SPY key levels are 390 resistance with 385 a key pivot level and 380 major support. The set-up is bullish but keep your head on a swivel

Stocks to Watch

Earnings UPWK  LOW BHC MCFE TOL SQ TJX INTU  Relative Strength SUM SNAP MRO CCL GE TCOM AAL LUV CLR TRIP SAVE SPG SU BYD  ETFs PRNT TAN ARKQ/K/W JETS IWM XME MSOS XLE EWZ XLY IBB EEM TLT

Stock Idea; UPWK

Upwork is an online talent market price that beat on earnings and has been upgraded. Volatile stock, large move down Tues and recovery.  Day trade idea if momo tech is strong with 54 and 56 targets but potential for resistance at 52.60.  Would look for an opening dip for entry.