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Swing Trade Ideas – March 3, 2021

arket View

World markets are positive  with USA green, Japan green, Europe green, China green, Hong Kong green and Asia green. Yield curve is steeper,  which is positive for equities & negative for large cap tech and gold. US dollar higher is negative for commodities, which are lower in the premarket.  Oil is higher and energy stocks are broadly higher premarket. USA indices are being led by the small caps but large caps are broadly slightly positive.  Sector leadership in travel, energy, emerging markets, bitcoins, China internets, Cannabis, financials and small cap tech. Weakness in gold, silver, gold miners and bonds. Large cap indices bounced overnight and are slipping premarket. SPY 386.50 and 318.17 QQQ are key support levels and Tues highs are resistance levels. FAANGMT are slightly positive and need to be bought to move the large caps.
Stocks to Watch

Earnings MRVI AMRS DAR AMBA HPE JWN ROST DLTR ETFs KWEB JETS EEM ARKF MSOS XME TAN XLF XLE IWM SPY XLP QQQ TLT GLD GDX SLV Bitcoin CAN NCTY SOS RIOT BTBT MARA GBTC SINO EBON S&P500 leaders DISH NCLH WYNN CCL LVS MGM RO AAL OXY DVN ETN Cannabis GNLN ACB APHA SSPK HEXO TLRY ZYNE CRON

Stock Idea; ETNETN is a power management company with electrical systems, aerospace and vehicle divisions. MS has raised the price target to $155 today which can provide a catalyst. Industrials have been strong and power products will likely be needed to repair Texas.  Stock is trending, can look for breakout above 135.85 or a pullback for a swing entry. Caveat market, market must support.