.

Swing Trade Idea – March 25, 2022

Market Setup pre-830ET

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – MIXED global setup

•Commodities:  Precious metals, oil and natgas, Grains, industrial metals (aluminum, copper, nickel palladium, zinc)

•Yields: TLT slightly higher from close Some inversions

•News: Europe: German biz sentiment 90.8 vs 94.2; USA:  FOMC Williams, Waller, Pending home sales 10ET; NATO and G7 meeting, USA boost LNG shipment to Europe

•Stocks: NIO guidance below estimates; Cannabis stocks rallied on report House will vote on MORE act which legalize – not expected to pass Senate if House passes; Premarket market is tilted towards speculative growth names with bitcoin, cannabis, ARKK names. Gamma squeezes are ongoing all week with TSLA NVDA AMD AAPL CLF targets. Today look for FB AMZN MSFT CF PYPL as potential targets.

•Indices: USA indices moving higher premarket. QQQ is above the expected move for week. SPY is at major gamma resistance. SPY support 447.5 450 Resistance 450 451 452 expected move +/-.9%.  Normal for indices to rise premarket on Fri Opex. Watch squeeze names into EOD

•Sectors: Leading: bitcoin cannabis spec tech Lagging China Internets, gold miners, energy

•Stocks to watch INTC GFS CF LNG COIN FB NIO BILI  Spec Names: BBBY MARA FTCH

Pre-830ET

Earnings NIO

Indices MSOS /BTC yen ICLN XLB TLT EWZ KWEB EEM GLD GDX XLE IGV

S&P500 MOS LIN CF NKE FB PYPL MU CRM FTNT SCHW EQR RMD FCX CCL MRO INTC DAL

Movers TLRY FTCH JD NIO SWCH AMC BPGME AMD

WSB RTX NVDA NIO BABA AMC RIVN GME

Trade Idea: FB

FB is a potential squeeze candidate du jour:) Premarket 221.8. High call OI at 225 and 230. Expected move for today +/-3. Bottom of gap 240. MSFT, AMZN, PYPL other candidates.