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Swing Trade Ideas – April 1, 2021

Market View

World markets are broadly positive with USA, Japan, Europe, Hong Kong, China and Asia green. Yield curve is flatter with long bond yields lower which is positive for tech and negative for financials. US dollar is slightly lower which is slightly positive for equities. USA stimulus plan was announced and includes money for charging stations, paving roads, rural broad band and water improvement. Pre-market the USA indices are tilted again towards tech, both large cap and smaller no earnings companies. Financials are lagging so Nasdaq100 is outperforming and DJIA lagging. The hot sectors premarket are EV/Alt energy, China tech stocks, semiconductors, and Cannabis.  Large cap Indices are short term very stretched so pullback at the open would not be unexpected. A cautionary warning is that the USA jobs report will be released Friday with the bond market open and stock market closed. A hot jobs report can lead to higher yields, which can be negative for large cap tech Monday morning.

Stocks to Watch

Earnings MU KMX ETFs KWEB TAN ARKn SMH XBI EEM QQQ EWZ TLT SPY IWM HYG SLV XLF Nasi100 MU WDC BIDU JD TCOM TSLA AMAT NTES AMD LRCX PYPL NVDA GILD DOCU;  WSB Names NIO PLUG APHA TLRY RIOT GOEV SNDL PLTR ARKK TSLA GME AMD BB HOFV Relative Strength AMAT TXN MT Cannabis APHA TLRY ACB GNLN HEXO TRSSF GRWG CGC CRON VFF CURLF Momo QS CHPT PLUG CHPT TIGR XPEV PLTR CAN

Stock Idea; MP

Mountain Pass is the only the USA provider of rare earth metals. Pulled back with the tech stocks. Longer term idea with recent highs of 48 a target. 37.73 is the hourly breakout level.