.

Swing Trade Ideas – March 9, 2021

Market View

World markets are positive with USA green, Europe green, Japan green, Hong Kong green, China red, and Asia green. Yield curve is flatter today with longer term yields lower, which is positive for high growth tech. USA dollar is slightly lower. possibly acting as a positive for equities. Commodities are mixed with China growth forecast lower weighing on industrial metals. USA markets are tilted to growth with dip buyers or short covering. Catalysts may be CCP National Team buying or  Congress passing the stimulus bill or technical oversold,  take your pick.  QQQ has bounced to a lower short term high and is still below the 10d value region.  One must be open to the potential that today is the start of a rebound or just a bounce in tech that will be sold.  In premarket,  QQQ is inside a 3 day trading range with 310 as resistance and 300 support. Watch FAANGMT, TNX and VIX today and keep your head on a swivel.
Stocks to Watch

Earnings SFIX PLCE  ETFs TAN ARKn KWEB SMH GDX MSOS SLV QQQ XLY IWM XLF EWZ Bitcoin NCTY RIOT CAN MARA SOS EBON BTBT MSTR S&P500 leaders TSLA PYPL TWTR ETSY TER NVDA AMD BBY BAC FCX CFG C PPL Relative Strength EYES SSK SEAS TGI STAY NRZ SABR DISCA SIX IR LYFT AMCX PLAY

Stock Idea; PLCE

Children’s Place reported earnings with a profit versus an expected loss. No guidance but planning to close stores, which will improve margin. 19% short interest is a catalyst. Day trade / swing idea. PLCE target 100.  Will benefit from USA govt cheques being issued and reopening.