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Swing Trade Idea – June 14, 2022

Market Setup pre-PPI

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

•Commodities:  Gold, Silver, Oil and natgas, Grains, industrial metals (aluminum, copper, nickel palladium, zinc)

•Yields: Yields lower and flatter; however yield rising in premarket – will drive the equity market direction

•US$ flat

•News: USA: PPI 830ET .8% fct China: Industrial prod, retail sales 22ET Europe: ZEW Economic Sentiment -28 vs -25.9 Bitcoin: Celsius Network turbulence continues; MSTR margin call level debated

•Stocks: ORCL +11.8% beat;  BRZE beat; MSTR -9% Margin call risk; Coin -5.6% Hood -1.5% bitcoin impact; CLR Take private proposal @ $70;

ELY +14% Jeffries pick; EYE +14% joining S&P600 LSPD +10% no news; TWTR Elon meeting with employees; TSLA private email – Q2 concerns

•Indices: USA indices rose until 2ET as yields fell but are falling in premarket ahead of PPI print.  SPY support 375, 370 Resistance 380, 385. QQQ support  275 resistance 280, 285.  VIX term structure inverted indicating high risk 2% move expected. Markets are being driven by yields and US$, hence with support and resistance can be used for decisions.

•Stocks to watch: ORCL BABA NIO OXY KMI MSTR COIN Spec Names: LSPD ELY TWTR

Pre-800ET

Indices KWEB ARKK TLT XLE EEM XLK QQQ /BTC

S&P500 ORCL TWTR NTAP OXY MRO DVN NCLH TSCO WBD LUV AAL MO NFLX VTRS BBY GILD

IWM EYE PBF MTDR AI PLUG BTU AMC LTHM AMC MSTR

WSB BABA NIO PLUG AMC COIN MSTR

Trade Idea: OXY
OXY is a bounce candidate. Premarket high 61.5 above 62, potential target 64 and 70. USO strong in premarket, may look for a pullback before entry to manage risk.