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Swing Trade Idea – September 10, 2021

Market View

•Global markets are green in the premarket with Asian stocks leading

•Yield curve steeper with long yields higher. Usually positive for financials and cyclicals

•US dollar  lower and falling in premarket, usually positive for commodities and cyclicals

•News: Biden and XI had a phone call; USA PPI will be released 830EDT which can move yields;

•Stocks: AFRM up big post earnings;  PLAY, ZS, KR and TIGR all higher post earnings;

•USA stocks are broadly higher with both tech and financials higher after selling down post the close. Indices look short term over bought so pullback at the open would not be unexpected

•SPX range into Sept OPEX 4450-4550 with 4500 a key transition level

•FAANGM stocks are all positive being led by AAPL and AMZN

•Leading sector ETFs are EWZ KWEB XLE TAN XME EEM ARKK JETS

Stocks to watch: AFRM TIGR JKS ZS PLAY

Stocks to Watch

Earnings AFRM PLAY ZS KR TIGR

Indices EWZ KWEB XLE EEM XME TAN XLB JETS SMH ARKK BLOK TLT /BTC

S&P500 OXY WFC MRNA MRO SLB ALB NCLH FANG PENN AAL LVS ENPH TTWO CI HPE AMT

Movers AFRM TIGR JKS ZS FIZZ GLBE  FCEL BNTX MRNA CCJ SE AMC CLOV RKLB TTWO VICI

WSB AFRM MVIS AMC HUT TLRY CLF NIO PLUG

Stock Idea; ARKK

ARKK is an idea for a risk-on day where high short interest names are in play. Premarket trading 122.76, with 123.32 Thurs high. 125.81 would be a daily breakout