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Swing Trade Ideas – February 17, 2021

Market View

World markets are mixed with USA mixed, Europe red, Japan Red , Hong Kong green, Asia mixed. US dollar rising is a negative for market and commodities. Yield curve flattening is a negative for financials and small caps. USA markets  are slightly down being led by the DJIA with the Nasdaq lagging.  The FAANGMT stocks are weighing on the Nasdaq with AAPL and TSLA leading to the downside.  13Fs were released and big news is Buffet buying VZ TMUS MRK ABBV BMY and selling WFC JPM AAPL.  Energy is strong as is China internet stocks, long bonds. Weakness in gold miners, large cap tech.  SPY major support is at 390. 

Stocks to Watch

Earnings SHOP BYD GRMN RIO WIX;  Bitcoin names EBON SOS RIOT SRAX MARA SINO BTBT;  Buffet buy VZ TMUS MRK ABBV BMY sell WFC JPM AAPL Relative strength SOS WBAI RIOT MARA CCIV VUZI GBTC SI MCHP CCJ QFIN EXPC VLO YY  PDD

Stock Idea; EXPC

EXPC is a SPAC that is buying Blade, a commuter air travel company with helicopter and fixed wing aircraft. ARK is acquiring stock. Breakout above 19 on hourly chart.