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  • Swing Trade Idea – April 27, 2021

    Apr 27, 2021 Uncategorized Comments Off on Swing Trade Idea – April 27, 2021

    Market View

    World markets are mixed with USA mixed; Japan red; Europe red, Hong Kong red; China green; and Asia mixed. Yield curve is steeper, positive for financials . US dollar is slightly higher but commodities are soaring nevertheless. Oil is higher but OPEC is meeting so some volatility could occur. Bitcoin and Ethereum  higher is positive for risk sentiment and related stocks. USA markets are marginally positive  ahead of MSFT, V, GOOGL, BA, AMD after the close today. TSLA is down premarket after beating however profitability was due to regulatory credit sales and bitcoin trading. Major movers are UPS, which beat estimates and trading higher and LLY, which missed and trading lower. Monday we saw strong moves in the SPACs and heavily shorted stocks and premarket seeing the same pattern. Gamma squeezes in these names are day trade opportunities. AMZN moved up sharply Monday on a  rumor of a stock split and stock likely will be in play today. SPX call wall at 4200 may serve as resistance. USA large cap indices are close to 2 standard deviations extended so not inexpensive. Liquidity is low so short term volatility like Mon afternoon would not be unexpected.  Keep your head on a swivel.

    Stocks to Watch

    Earnings ABG beat; ADM beat; AJRD miss; ARE beat; AUDC beat; AWI EPS miss; AXTA beat; CDNS beat; CNI miss; CROX beat; FSV beat; GE Rev miss; HAS rev miss; JBLU beat; LLY miss; LU beat; MMM beat; MSCI beat; PHM Rev miss; PII beat; RTX rev beat; PKG beat; SBAC EPS miss; SHW beat; SYF beat; TSLA miss; UPS beat; VALE Rev miss;

    Indices XLE FANG XLI DBC XLF IWM SLV ICLN TLT ARKW XLY ARKK

    S&P  UPS ADM FDX SCHW RTX FISV APA MRO SCHW BKR AMD XOM AMZN LLY CDNS GE TSLA AM PHM UJS STE

    Movers TBI UPS AUDC HSBC GLOP LYFT SYNA TRU BP ARRY FISV RTX ABB SCHW AMZN MSCI AAPL FB F

    Bitcoin NCTY MARA EBON CAN RIOT

    Stock Idea; AMZN

    AMZN moved up sharply Monday on a stock split rumor. Reports Thursday and there may be continuation today if the stock will run into earnings. Average daily move 2.3%. Premarket high 3442. Best entered on a pullback to VWAP

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