.

Swing Trade Idea – September 3, 2021

Market View

•Global markets are mixed with USA green, Europe mixed, Japan green, Hong Kong green, China green, Asia mixed

•Yield curve steeper with long yields rising. Usually negative for FANG and positive for financial

•US dollar lower is helping gold. Note US dollar is stretched low

•News: USA non-farms payroll to be released 8:30EDT; Beijing muni govt proposed taking a controlling interest in DIDI;

•Stocks: AVGO earnings beat good for semis; PD MDB GWRE DOCU higher on earnings

•USA indices are being led by small caps with all indices green ahead of non-farm payrolls. SPX range into Sept OPEX 4450-4550

•FAANGM stocks are slightly positive

•Leading sector ETFs are BLOK SLV XLE SKYY CLOU

Stocks to watch: AVGO RIOT/MARA TTCF MDB PD CCJ

Stocks to Watch

Earnings AVGO DOCU GWRE MDB PD HPE JOAN MDLA

Indices /BTC SLV XLE SKYY GDX EEM GLD XLF IWM FANG ARKK KWEB TLT TAN

S&P500 WDC OXY BAX GLW DVN ADSK HPE TPR BIIB BLK SWK

Movers MDB REAL TTCF MARA CLOV EQNR WDC AAPL JOAN SPCE BABA AMC RKLB

WSB TTCF CLOV RIOT MVIS FIGS ARVL SNDL SPCE AMC NIO BB

Stock Idea; PD

PagerDuty, Inc. operates a digital operations management platform in the United States and internationally. Catalyst today is earnings beat and raise and target raise. Premarket high 51.6. Look for pullback at open to trade up to premarket high. Above the premarket high