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Swing Trade Idea – May 14, 2021

Market View
World markets are all bouncing with USA green, Japan green, Europe green, Hong Kong green, China green and Asia green. Yield curve is flatter which is giving an opportunity for tech to get off the mat. US dollar lower gives a boost to equities and commodities. USA markets are being led by the Nasdaq and Russell but all sectors are positive. In the premarket the most shorted stocks and underperformers are strong. It will be interesting to watch whether this continues throughout the day or if the pops are sold. There has been heavy put buying recently and with expiration today and a drop in Vix, there is a natural lift to markets that has occurred overnight. US retail sales MM were 0% and ex-Auto/Gas were -0.8% MM Import prices .7% vs .6% so appears negative for retailers and inflationary. Elon boosted crypto with another tweet so bitcoin names are flying. Indices are still negative gamma so volatility can remain high so keep your head on a swivel.

Stocks to Watch
Earnings DASH FTCH LAZR GDRX ABNB DIS ABCL
Indices Bitcoin ICLN ARKK SMH TAN KWEB QQQ FANG XLE EEM XBI XLY IWM JETS XLI
S&P500 OXY APAA NCLH DVN ALGN PYPL NVDA HAL AAL BA TWTR DIS SO CF ROK VLO COF
Movers FSR PLUG MARA GBOX DASH RIOT CRCT NCTY COIN AMC TSLA NIU ROKU PLTR BABA MKGI DIS INFI GME ABNB

Stock Idea; V
Visa is a potential swing name assuming that the S&P continues to bounce. Premarket is moving up and 226.33 would be an hourly breakout. Ultimate target is 237 previous high. 220 is support on the daily and 222 on the hourly.