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Swing Trade Ideas – March 11, 2021

Market View

World markets are generally positive with USA, Europe,  Japan, China, Hong Kong, Asia all green. Yields have dropped slightly which is leading to an immediate rotation into large cap tech and tech momentum stocks without  earnings. US dollar lower provides a boost for equities and commodities. Nasdaq and China tech names are strong premarket led by TSLA,  AAPL and semiconductors. Financials are weak so the rotation du  jour is likely from financials to tech.  The tech premarket move is substantial but need to be prepared for an outsized move or selling into the pop. TSLA and AAPL are at resistance premarket so can go either way.  Several reasons for positive markets: volatility lower, USA stimulus passed, Infrastructure spending now on tap, and yield concerns abatated.  Risk concerns are high volatility in the bond market and FAANGMT stocks so keep your head on a swivel.

Stocks to Watch

Earnings AMC JD BLDP  ORCL ETFs TAN KWEB ARKn SMH EEM EWZ QQQ GDX MSOS XBI XME JETS XLF

Bitcoin NCTY CAN DPW  BTBT RIOT SINO EBON MARA S&P500 leaders  TSLA ORCL NVDA KLAC LRCX ETSY CF PYPL TER AMAT MU TWTR ALB  BA  EV Alt Energy  NIO FCEL KI CCIV XOEV TSLA LIT PLUG SOLO FSR

Stock Idea; KWEB

KWEB getting a boost from JD earnings. China has been weak and may be getting a relief bounce. KWEB  targets $90 and $92. Look for weakness on the open for an entry.