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Swing Trade Idea – December 8, 2021

Market Setup

•Global markets are mixed with USA green, Europe red, Japan green, Hong Kong flat, China green, Asia Green

•Yield curve unchanged

•US dollar unchanged

•News: Covid: meme that Omicron less harmful continues; UK potential social distance restrictions; Macro: JP GDP slowing; BOC statement 10ET, USA Jolts &10y auction today, China CPI tonight;

Stocks:  Earnings:  SFIX S CHPT down PLAY TOL PD up

•Indices: USA indices are slightly higher premarket but are above expected moves for the week hence odds favour a range day. Yields are rising in the premarket which may favor financials and non-tech. Tuesday was a big day for tech and heavily shorted stocks and I am for them to take a breather today

•Sectors: Leading: Natgas, Airllnes, Energy, Smallcaps, solar, financials  Lagging: bitcoin, China Internet, Silver, long bonds, yen

•Stocks to watch: 

PD BLDR GT SFIX S Spec Names: CCL AAL

Movers

Earnings CHPT PLAY S SFIX TOL PD THOR

Indices /UNG JETS IWM XLE EWZ XBI XLB XLF DIA /btc KWEB yen

S&P500 RCL CCL WYNN ALK DAL DVN MGM EXPE MRO PENN HLT MRNA NXPI HON PEG NEM KIM KHC TSLA

Movers PD VALN PLAAB EPAM THO ESTC AMPL GLBE RKLB TTCF SFIX STWD CDMO BABA HON NVDA KHC

WSB HOOD OCGN TTCF GSAT SENS MVIS SOFI RIOT HUT BABA NVDA ANY TSLA RIVN

Trade Idea DVN

Devon is a play on natgas bouncing. Premarket high 46 and January options are pricing a move to 52