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Swing Trade Idea – July 28, 2021

Market View

World markets are mixed with USA mixed, Europe mixed, Japan red, Hong Kong green, China green,  and Asia mixed. Yield curve steeper is positive for financials and small caps. US dollar is higher ahead of the Fed meeting. News: Earnings reports were generally good as expected. AAPL lowered expectations for the next quarter and SBUX mentioned slowing China sales and stocks are trading lower. The China National Team stepped up to stop the slide in stocks with both China on-shore and Hong Kong stocks up substantially. Short squeeze may lead to continuation when USA markets open. Fed will be speaking today at 2pm EDT which can be market moving. Volatility will drop post Fed which can spur moves up if considered positive.  SPX call wall at 4400 can act as resistance and 4362 can act as support. 4330 is a target should Powell disappoint today. Will be watching FANG stocks to see how they react i.e is it a sell the news event or buy the event. USA market are being led by small caps and Nasdaq. If this continues into the open, IWM may be the pony to ride but watch the yields as a move down in the yields will be negative for small caps

Stocks to Watch

Earnings BA GOOGL AMD MSFT JNPR SBUX AAPL TMO V TER MCD MDLZ

Indices /BTC KWEB FANG JETS EEM TAN IWM EWZ ARKF ICLN QQQ  GDX TLT Yen ARKG XLV XLP DIA

S&P500 BA GOOGL AMD MGM FB CCL LVS NCCLH MSFT AAL DAL WYNN JNPR HUM SBUX TER CFG FLIR

Movers SIX STRA BA GOOGL MGM YNDZ SHOP FB SONY UMC LYG EPD SAVE WYNN CLF TDOC GNRC SPOT AAPL TMO V PFE

WSB RIOT TLRY BA NIO AMD SNDL GSAT SOFI BB WKHS MVIS GME IVR CLOV 

Stock Idea; TTD

The Trade Desk, operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns.

Digital advertising companies are doing very well and TTD should benefit. Call buyers have been active in the name over the last few days at the 85 and 90 strike. Earnings are Aug5 and a run into earnings is possible.  Premarket high is 85.4. One could look for a pullback for a swing entry with caveat that GOOGL/FB remain strong and wait until the post-Fed noise/move is over.