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Swing Trade Idea – July 14, 2021

Market View

World markets are mixed with USA green, Europe red, Japan red, Hong Kong red, China red and Asia mixed. Yield curve flatter with long yields lower which is positive for tech and negative for financials. Long yields bounced late Tues with a poor bond auction but are rebounding today. Watch the TLT as the reversal Tues led to a tech and index pullback. US dollar lower which is positive for commodities which are largely bouncing with the exception of oil and copper.  News: Powell is speaking today at noon EDT which can move markets; BAC, WFC, PNC, BLK, C reported with mixed reactions; AAPL reportedly asking suppliers to ramp production and suppliers SWKS, QRVO, CRUS, LITE and TSM are moving up along with AAPL; DAL missed but improved forecast is lifting the stock and the airline stocks; US Senate democrats have a draft bill to legalize Cannabis but will be Sept before a final bill will be available for discussion.

Stocks to Watch

Earnings BAC WFC C BLK INFY PNC DAL UXIN

Indices GDX JETS SLV GBTC EWZ GLD EEM KWEB SMH FANG TLT ARKK QQQ MSOS XME XLF XLE ICLN XLB

S&P500 PRGO AAL QRVO SWKS AAPL DAL UAL LUV QCOM JNPR NWL ALK UAL  BLK BAC PNC FLIR CAG ABBV HFC CHD

Movers JEF INFY PLUG AAPL LEVI CLOV JNPR TSM ALXN LULU AA EBAY AVGO AMZN TWLO

WSB SNDL PLUG TLRY CLOV RKT ARVL OCGN RIOT CRSR MVIS SHEN ANC SENS BB NIO

Stock Idea; HL

Gold is moving with the drop in yields and drop is US dollar. Hecla is a fast moving gold miner. Premarket high is 7.25.  7.5 is a target to the upside. Look for a pullback for entry. SBSW, GOLD, AU are other ways to play gold miners along with GDX and GDXJ