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Swing Trade Ideas – March 10, 2021

Market View

World markets are mixed with USA mixed, Europe green, Japan red, Hong Kong green, China green and Asia mixed. Yield curve is steeper ahead of the USA CPI data and a $38B 10 yr note auction.  Steeper yield curve weighs on the momentum tech stocks which is causing the Nasdaq to lag in the premarket. US dollar is higher,  leading to a mixed commodity performance but oil is higher. DJIA and small caps are leading in the premarket with Nasdaq large caps pulling back after the Tues surge.  The FAANGMT plus the 10yr yield should be on the watchlist.  Premarket AAPL is notably weak.  DIS is doing a 1 for 8 stock split to raise the stock price  but stock is lower on reduced 2021 guidance. The gamma squeeze and speculation in heavily shorted stocks is alive and well with GME and others soaring.
Stocks to Watch

Earnings CPB ADDY ETFs TAN PRNT XRT EWZ ARKn XBI XLF IWM DIA XLY XLI KWEB SLV EEM GDX TLT GLD QQQ

Bitcoin NCTY CAN DPW  BTBT RIOT SINO EBON MARA S&P500 leaders EXPE TSLA IR DIS VRTX WMB BA CARR AMD  CPB GE CCL ORCL AAPL HD  DJIA BA JPM V NKE IBM CRM VZ AAPL HD INTC WMT DIS

Stock Idea; BBBlackberry is a potential gamma squeeze name with GME, KOSS and other shorted names getting a bid.  Breakout above 11.19 with 12.77 a potential target. Note that this not fundamental call, just a pure squeeze.