.

Swing Trade Ideas – October 5, 2021

Market View
•Global markets are mixed with USA green, Japan red, Europe green, Hong Kong green, China red and Asia mixed.

•Yield curve  steeper with the 10yr yield falling, usually negative for tech

•US dollar higher  which is negative for equities and commodities

•News: European services PMI data met expectations; OPEC increasing production gradually; Global Covid fit 2m low

•Stocks: PEP raised full year revenue forecast; JNJ applying for booster EUA

•Sectors: Energy, bitcoin, financials are leading.

•Indices: US indices are being led by small caps with Nasdaq100 lagging. S&P500 and Nasdaq100 are in negative gamma which leads to higher volatility. SPX 4380 is an important level for SPX to move to gamma neutral

•Stocks to watch: TSLA JNJ RSI OCGN PEP FB GBTC

Stocks to Watch

Earnings NAPA PEP

Indices XLE /BTC XLF ARKK BLOK SMH ARKF KWEB ARKG EWZ DIA HACK QQQ GLD SLV TLT

S&P500 APA OXY SLB DVN GM RNA CMA WFC FB AMAT CCL NVDA EQIX PCAR DLR FCX MRK CB

Movers RSI BNTX BP RDS FB XOM E PEP WISH SNAP TSLA PLTR TWTR T ACI SFM

WSB OCGN NOK HUT RIOT TLRY SNDL NVDA

Stock Idea; SI

Silvergate is a  bank that provides regular bank services as well as transactions for digital currencies.  SI is a way to invest in both banks and crypto. Stock is breaking out on the weekly chart (below). Daily chart is extended but may continue to run with strength in financials and cryptos. 141.96 is the breakout level on the daily