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Swing Trade Idea – July 27, 2021

Market View

World markets are weak with USA mixed; Japan red; Europe red; Hong Kong red; China red; Asia red. Yield curve flatter with long rates higher. US dollar is lower but Yen and Swiss franc higher, which are risk off signals. China stocks continue to be sold with Hang Seng down 3.6% and China down -4.4%. USA indices are again being led by the Nasdaq and FANG stocks which are on tap to report this week. Market is configured risk off in premarket with bonds, Yen and FANG leading. Bitcoin is lower after AMZN refuted the story that led to the short squeeze Monday. Earnings reports were generally above expectations as expected. Post EPS leaders GE, AMKR, ADM, RTX, BSX, TSLA and FISV; but no major outsized moves. TSLA beat expectations but pushed out the truck by 1 year. SPY line in the sand is 437.5 with caution below.

Stocks to Watch

Earnings ABG ADM AJRD AMKR ARE CNC FISV FFIV IQV IVZ PHM PKG ROK SHW SWK RTX UPS TECK TSLA WM

Indices TLT YEN GDX FANG XLK KWEB /BTC EEM ICLN ARKF TAN XLB GBTC XLF IWM XLE

S&P500 FFIV UHS GE ADM WY RTX TSLA AAP FISV WYNN UPS ROK AM INTC FCX EXPD FLIR FTI FDX MU GPS

Movers FFIV TAL EDU GE SIRI ODY SAP TSLA RTX AMD GLW LOGI JD TDUP AUDC RRC BABA UPS TECK

WSB GE TSLA AMD DLPN MVIS AMC CLNE RIOT NIO SNDL TLRY CLF SPCE

Stock Idea; AMD

AMD reports earnings after the close and is bid in the premarket. Premarket high is 93.4 which can be used for a momentum trade or better look for a pull to VWAP after the open. 95 is a target