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Swing Trade Ideas – January 8, 2021

Market View

In the premarket world markets are generally bullish ahead of USA nonfarm payrolls. The USA markets are being led by tech with TSLA the parabolic leader. US dollar is slightly positive but  foreign markets are leading. Yield curve is steeper which is positive for  financials and small caps.  The Nasdaq is the US market with the most upside room and being led in the premarket by TSLA followed by AAPL.   There is a large level of speculative calls in TSLA expiring today and one should be prepared for another squeeze up or a strong move down (late in the afternoon). The momo sectors continue to be the EV/Alt energy, Bitcoin, semiconductors and financials.

Premarket names:

MU earnings beat ; BIDU  raising $3.5B for Evs partnering with Geely propelling Evs higher

EV/Alt Energy TSLA NIO PLUG ARRY BLDP BE BLNK  Bitcoin XNET MCB GBTC SRAX RIOT MARA MSTR Solar SPWR CSIQ JKS FSLR RUN ENPH 

Stock Idea; BBBB is a technical trading idea. It  moved above short term moving averages and is above the AMZN gap. Above $7, looking to see if it can return to the $8.5 level.  BB should benefit from the EV mania. The $6.55 must hold for the thesis to be maintained.