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Swing Trade Ideas – April 8, 2021

Market View

World markets are mixed with USA green, Europe mixed, Japan red, Hong Kong green, China green and Asia mixed. Yield curve steeper, US dollar lower and oil lower. In spite of lower rates, tech and small caps are leading in the premarket and financials are lagging. S&P500 will likely continue to consolidate into Friday with large resistance at 4100 and support 4050.  Currently FAANGMT are broadly strong, following the strength Wed, look for fades into the open as the market decides which sector it wants to buy today. With indices at top of ranges, rotation will be the game into Friday.

Stocks to Watch

Earnings APOG rev miss; CAG beat; STZ beat;  ETFs ICLN GDX ARKF EWZ ARKK IBUY EEM SMH ARKG IWM SLV QQQ KWEB XLF XLE WSB Names HOFV DLPN GME RIOT GOEV BB PLUG PLTR NIO AMD APHA ARKK NOK Relative Strength FNKO DHI LPX Momo COMM GME INVE PLL BSIG AZN BILI TXT SOL JKS LI HL BB DOCU PLTR TWTR Bitcoin RIOT MARA NCTY CAN CLSK PYPL EBON SOS

Stock Idea; EXPE

EXPE is a reopening name that has pulled back on the rotation back into tech. Earnings are May 6, and Wed there was a large call order for the May21 175 calls.  EXPE will benefit from the increase in travel and vacation and is an idea for a swing trade. Previous high of 187 is a target