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Swing Trade Idea – February 16, 2022

Market Setup – Pre retail sales and GOOGL news 

•US markets green, Japan green, Europe green, Hong Kong green, China green, Asia mixed

•Yields: Yields slightly lower and flatter

•US dollar lower

•News: USA Retail sales 830ET, Industrial production 915ET Crude inventories 1030ET, FOMC minutes 1400ET; Canada: CPI 830ET; Russia Ukraine- NATO questioning troop movement claims;

•Stocks: UPST +21% beat and buyback, RBLX -17% miss; SHOP -5.7% miss and warned; GNRC beat; DWAC Trump posted on TRUTH social platform; ERIC -11.4% CEO says may have paid ISIS for access to roads in Iraq; SEAS offer to buy FUN was rejected; ABNB +6% beat; GOOGL planning to remove ad tracking from Android phones (FB TWTR SNAP)

•Indices: USA indices are relatively flat ahead of FOMC minutes. FAANGMT stocks flat with exception of FB which is weak. SPY consolidating at 445 gamma level with  upside target: 450 downside targets: 442.5, 440, 435. Vix futures are returning to normal providing optimism for a movement towards 450 if range breaks higher. FOMC minutes catalyst for next move but Geopolitical news event remains high

•Sectors: Leading: bitcoin, spec tech, airlines, semis, large cap tech Lagging gold miners, energy, long bonds

•Stocks to watch: ABNB GNRC UPST OXY FB SHOP ERIC Spec Names: DWAC

Pre-830ET

Earnings RBLX TOST ZI VIAC PACB SHOP NVTS WYNN CF SEDG UPST LSCC ABNB TTD ABNB CROX DVN KHC GOLD ADI

Indices XLE XOP GDX TLT EWZ SLV KIE ARKK JETS ICLN XLF XLK QQQ SPY ARKF faangmt IBB IWM

S&P500 GNRC DVN OXY CTRA ADI KHC FANG EOG VIAC AKAM CF WYNN KMX SEDG MRNA GRMN

Movers UPST AYX GNRC VCSA TTD ABNB CROX PDD GOLD ADI RBLX TOST MASI ERIC FUN WIX WYNN JWN KMX MRNA

WSB CRSR DWAC WIRE NOK AMC RBLX SPCE WKHS AMD PLUG TTCF SKLZ

Trade Idea FB
GOOGL plan to remove Ad tracking is a serious issue for companies that rely on tracking users likes. Negative for FB SNAP TTD PINS which are short ideas on bounces