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Swing Trade Ideas – March 22, 2021

Market View

World markets are mixed with USA indices green, Japan red, Europe mixed, Hong Kong red, China green, and Asia green. Yield curve is flatter today (TLT up) which is positive for tech growth and negative for financials. US dollar is lower which is usually positive for equities and commodities. Precious metals are negative with silver and platinum very weak. USA indices are led by the Nasdaq with the FAANGMT and semiconductors strong. Financials are pulling back, which is counterbalancing the tech strength and weakening the other indices. The QQQ is being led by TSLA, perhaps because Cathy Woods has set a 3T price target.  QQQ and some FAANGMT are bearish and today should watch how these stocks behave at resistance as selling in financials and tech can lead to a down draft. SPY 390 is a major level. News: CP buying KSU; turmoil in Turkey with central bank governor fired and European third wave lockdown concerns.

Stocks to Watch

Earnings  ETFs TAN ARKn SMH QQQ SPY XLY SLV  XLF XLE XLP JETS GDX EEM XLV GLD S&P500  KSU TSLA CSX NSC NI MU AMD AMAT ADBE TER BKNG SWKS CCL FTI BAC JPM UAL WFC C; WSB Names TSLA NIO GOEV RBLX PLTR NOK AMD ARKK TLRY APHA RKT RIOT AMC SNDL Leaders SLGG SBLK TAOP LC MOGO VUZI DKNG GPRO ACRS MT OLN Cannabis GRWG HEXO SSPK TRSSF APHA VFF  Bitcoin SINO NCT EBON OSTK MSTR CAN

Stock Idea; APPS

Digital Turbine is a tech stock that has been outperforming the tech sector. Premarket is at resistance and a move above 84.15 can lead to 88 and potentially 94. Look for strength in QQQ and ARKk to confirm.