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Swing Trade Idea – August 22, 2022

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

•Commodities:  Gold, Silver, Oil and natgas, Grains, Industrial Metals

•Yields: Yields lower

•US$ +.22% EUR -.29% JPY -.01% GBP -.08%

•News: Europe: Gazprom cutting natgas shipment for 3d at EOM raising European inflation concerns China: 5bp cut in prime

•Stocks: SGFY +38% AMZN UNH bidding war; AMC -33% APE preferred shares trading; TSLA raising driving assistance price

•General: Leading: Energy China TLT Lagging: Spec tech, Semi, Europe

•Indices: Markets positioned risk-off with US$ strong and yields lower. Volatility higher post OPEX and with major macro events this week as expected. Market maker support lower for next 2 weeks increases risk of larger down drafts.  SPY support 415, 410,  and resistance  420, 425  QQQ below 320 gamma level  with  315, 310 support and 320, 322 resistance. VIX 25 implies 1.6% daily move. Watching SPY for bounce or breakdown at 415, potentially after 11ET

•Stocks to watch CTRA AR JD  AMD   TSLA  AAPL  NVDA SARK   Spec Names MNMD +15% GETY +4.98% GCT +9.56% (new IPO) ENVX +8%

Pre-800ET

Earnings

Indices XLE XOP KWEB TLT ARKK SOXX FEZ XBI QQQ XLK JETS faangmt ICLN BLOK XLY XLF XME

S&P500 CTRA EOG NCLH ETSY ENPH VFC LIN NVDA PYPL AMD NFLX ALB F RCL TSLA GM CRM AMZN UAL QCOM

IWM VERU AR RRC CRK FRO CHK AMC GME SAVA PLUG LTHM RUN ITCI SPWR BE SIGA NEO MSTR FATE CLF NOVA

WSB BABA AMC GME PLUG AFRM NET COIN F RIVN NVDA AMD TSLA AMZN CLF BA NIO

Trade Idea: AR
Antero is a nat gas name trading up in premarket on the cut in Russia shipments. Premarket high 168.77 can be used for a momentum trade or look for a pullback to 166ish. Stock is very extended so take care. CTRA, CRK are other names.