.

Swing Trade Idea – August 06, 2020

Market View

Global markets are weak ahead of the ADP USA employment report. USA indices are all slightly in the red with tech leading.  Japan Europe and China are all red in the premarket.  The yield curve is flatter, USD slightly higher and energy weaker, all are negatives for the market. Precious metals are still parabolic as interest rates decrease. Market may change after the jobs info is released but is looking like a  range day  as long as SPY is above 330.

Premarket names:

BHC selling off a biz; Airlines with potential bail out; PFE drug news;  ROKU, ETSY, FSLY earnings beats but stocks down may bounce; WDC poor guidance; COST good sales

Stock Idea; APPS

Digital Turbine provides software to enable mobile operators to manage and monetize devices.  APPS beat earnings with revenue up 93% and has 2 analyst price upgrades. Potential day trade continuation trade with target premarket high. Currently $20, would look for pullback at open for a long.