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Swing Trade Idea – April 1, 2022

Market Setup pre-830ET pre-jobs report

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

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

•Yields: Yield curve steeper – long yields higher usually positive for financials

•News: USA: non-farm payroll, UE rate 830, ISM mfg PMI 10ET; Europe:  PMI- CPI+;  China: Most of Shanghai locked down;  Ukraine: no progress but natgas flowing to Germany after deadline that payment must be in roubles;

•Stocks: BB rev miss; GME stock splitJ; China stocks massive rebound after drop on delisting concerns-no news; Stocks are bouncing after a $10B MOC sell Friday due to JPM collar low and rebalance. Broad bid with speculative/high short interest stocks outperforming. Caveat, may change post payroll report with strong report potentially negative.

•Indices: USA indices tentative bounce pre-job report. Macro set-up is positive and first of month is usually positive but FANG charts are concerning so keep an open mind.  SPY Support 452 450 445 Resistance 455 457 460 .

•Sectors: Leading China; emerging markets, clean energy, financials, spec tech Lagging bitcoin bonds gold_miners

•Stocks to watch: BILI AMD NIO BAC TSM SQ BB HYG Spec Names: GME BROS BRCC

Pre-830ET

Earnings BB

Indices KWEB EEM ICLN XLF ARKK EFA FEX SOXX SMH EWZ JETS DIA SPY faangm  TLT /btc /6e HYG GDX

S&P500 CMA WYNN HSIC AMD MRNA GS WFC PVH NCLH EPAM CCL AAL BDX GPS RJF

Movers GME IQ XPEV NIO LI KOS WISH AMD NVDA DCT BB

WSB GME BABA AMC NIO HOOD PLUG RBLX AMD PLTR RIOT

Trade Idea: LIT
LIT is an ETF holding a basket of lithium and alt energy names. Premarket high 78.81 TRP Target 2 81.78. LAC and QS are strong individual names and ALB is the largest Lithium provider.