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  • Swing Trade Idea – March 28, 2022

    Mar 28, 2022 Uncategorized Comments Off on Swing Trade Idea – March 28, 2022

    Market Setup pre-830ET

    •Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – MIXED global set-up

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

    •Yields: Yield curve flatter – TLT higher usually positive for tech and negative for financials but USA financials higher

    •News: Europe: BOE Bailey;  China: Shanghai partial lockdown over 9 days Commodities pulling back on lower demand expectations; Ukraine: Talks in Turkey

    •Stocks: TSLA China production shut in but stock higher due to report considering a stock split; AAPL(analyst) reducing SE production suppliers (QRVO SWKS CRUS); Bitcoin over 45k (MARA RIOT COIN SI OSTK) GME AMC squeeze potential;  Semis breather but MU running into earnings. High power semis strength (WOLF IIVI); SONO S&P600 add; China bifurcated; European stocks higher on lower energy and Ukraine talks. Spec tech bid with strength in TSLA and bitcoin

    •Indices: USA indices moving higher premarket on the strength of TSLA with financial support. support 448 450 Resistance 452 455 460 expected move +/-.9%.  Normal for indices to rise premarket on Monday, pullback in the morning and rise into close.

    •Sectors: Leading: bitcoin, China internet, financials, TLT Lagging gold miners, energy, commodities

    •Stocks to watch TSLA BILI COIN DB  AAPL MOS MRO AEM Spec Names: MARA CHWY

    Pre-830ET

    Earnings JEF TPG XPEV

    Indices BTC BLOK KWEB ARKK XLY XLF EEM XLF TLT UUP GDX yen SLV XLE XOP GLD DBC XLK ICLN faangm

    S&P500 TSLA MU EPAM BAC LIN AAL DE UAL WFC T JPM CCL RTX OXY QRVO MCHP TER XOM APA DVN SLB HAL AAPL

    Movers MARA SI RYAAY COIN STAA TSLA AMC ESLT GME BABA AZN DE EDU HUN SNDL BYND TLRY QRVO MCHP FL TER VET AAPL

    WSB TSLA AMC RIVN GME NIO BABA HOOD CLF AMD

    Trade Idea: TSLA
    TSLA has gapped higher in premarket on stock split meme in spite of China factory shut. 1100 is resistance but above a squeeze to 1150 or 1200 is possible. One can look for a pullback with trade to 1100 or trade a potential squeeze above 1100

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