.

Swing Trade Idea – August 14, 2020

Market View

Global markets are weak in the premarket with USA mixed, Europe negative, China negative and Japan negative. Nasdaq is green with the other USA indices negative and Russell leading to the downside. Yield curve is slightly steeper, USD slightly lower and oil marginally higher all which are slightly positive. USA retail sales and consumer sentiment will be released today which will be market moving.  News events are the ongoing impasse on further USA stimulus and an increase in European Covid cases.  Poor bond auction was the catalyst for Thursday’s dump so one must watch the bonds today. FANG stocks are in the driver seat today along with semis with good earnings from AMAT. TSLA looks like it will continue to run, choice from 2d ago.

Premarket names:

TSLA upgrade AMAT  earnings watch semis NVDA AMD FTCH beat BLNK beat DKNG miss

Stock Idea; DDS

DDS is a retailer up on an earnings beat, posting a smaller loss than expected. Not remotely an investment but a potential bounce day trade due to 42% short float. DDS received a target raise which is above the premarket price. Possible day trade to premarket high 32.92 but watch for selling on the open.