.

Swing Trade Idea – April 29, 2021

Market View

World markets are positive with USA green, Japan green, Europe green, Hong Kong green, China green and Asia mixed. Yield curve steeper is positive for financials. US dollar flat. Bitcoin is flat but Ethereum is higher. Energy is strong with oil higher.  Major earnings reports from AAPL and FB have propelled markets higher in the premarket. FB has moved above the expected move and still running in the premarket. SPX has a call wall at 4200 which can act as resistance or lead to a blow-off top. SPY top of expected move is 423, which is a level to watch.  Suggest watching the top of the expected moves for resistance today after the premarket surge. AAPL might be the bellwether as it is below the premarket high.

Stocks to Watch

Earnings AAPL beat; ALSN beat; AUY rev miss; CAT beat; CLR beat; CNX beat; DISH beat; FB beat; GNRC beat; HSY beat; IP beat; IR beat; KDP beat; KHC beat; LC beat; MGM beat; MO rev miss; MRK miss;  NEM miss; ORLY beat; OVV beat; QCOM beat; SO beat; STM beat; TDOC miss; TMO beat; TPX beat; VC beat; VVV beat;

Indices FANG SMH QQQ XLE IWM ARKK SPY XBI XLF MSOS XLI XLY TLT ICLN GLD GDX

S&P  FB QCOM ALGN NCLH SWKS TWTR CCL CMCSA CMA LH TXT CTXS EBAY BOW HOLX F BMY MRK GM

Movers NOK FB GNRC CCS OSTK QCOM CAKE STM AKTR AVTR TWTR ROKU AAPL TXT LOGI EBAY CREE BMY MRK TMO NEM

Bitcoin OSTK DPW GROW

Stock Idea; TWTR

TWTR is reporting earnings after the close. It is up in the premarket.  Day trade idea is to use a premarket pullback for a long with the caveat that the QQQ continues to be strong.