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Swing Trade Idea – September 2, 2021

Market View

•Global markets are positive and muted ahead of USA non-farm payrolls

•Yield curve flatter which is positive for tech

•US dollar unchanged•News: USA non-farm payrolls 8:30EDT will move the markets

•Stocks: Bitcoin is strong so watch RIOT, MARA, BTBT, ETH; CIEN positive beat watch JNPR, CSCO; SIG big beat and raise; AAPL is strong premarket and was squeezed Wed

•USA indices are muted with Nasdaq slightly leadingbut payrolls may change. SPX range into Sept OPEX 4450-4550

•FAANGM stocks are positive with AAPL leading. FB is down following a downgrade.

•Leading sector ETFs are KWEB Bitcoin and energy

•Stocks to Watch: CHPT ASAN NTNX SIG CIEN CHWY ABBV AAPL

Stocks to Watch:

Earnings CHPT ASAN NTNX SIG CIEN CHWY AI OKTA FIVE HRL

Indices /BTC ICLN KWEB XLE PRNT ARKF XLK QQQ TLT IWM

S&P500 ABBV MRNA OXY SLB CVX PFE AAPL MU

Movers NCNO SIG CIEN AEO BNTX FIVE

WSB RIOT WKHS HOOD BB NOK PLUG HOFV SPVE SNDL

Stock Idea; SIG