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Swing Trade Ideas – November 1, 2021

Market Setup 

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

•Yield curve steeper tends to be positive for financials and negative for large cap growth

•US dollar lower vs Euro but higher vs Yen, DXY unch

•News: China PMI- Caixin+ Yango delaying bond payments, German Retail Sales -, USA PMI TBD; Japan government won reelection; G20 climate conference failed to agree on new proposals to cutback on coal;  OPEC+ meeting Thurs

•Stocks: KO buying out Body Armor; AAL staffing shortage reduced flights; XPEV delivered 10k cars Oct 233% increase; NIO delivered 3.6k on Oct a decrease of 27% Y-Y;  ON earnings beat

•Indices: USA indices are positive and led by the R2K. Many of the very speculative stocks are strong premarket. TSLA is the clear leader yet again.  Volume is low ahead of FOMC meeting this week

•Sectors: Leading: Clean energy, discretionary, Evs,  Lagging: Long Bonds   EV sector is strong with the TSLA strength continuing.

Stocks to watch:

NWL ON XPEV TSLA PFE HOG FB TAN ATVI ALB SOFI LCID

Earnings ON RYAAY  TKR

Indices ICLN XLY EWZ ARKQ ARKK TAN XLF XLE IWM XBI KWEB JETS SPY QQQ TLT /BTC yen HYG AGG

S&P500 TSLA NWL ALB ENPH ATVI RF F MOS NVDA SBUX CF LIN FANG MGM MAR FB MRNA SWK CNC WRK AMD AES

Movers NVAX XPEV NWL RLX AMC EQNR SRAD COIN AER CNK SHAK ATVI AUPH NIO TRIP CRWD BCS ALGM AGCO SWK LI WRK AMD

WSB GOEV PLTR SDC RIOT F NVDA SNDL ANY AFRM WKHS NIO DWAC MVIS GSAT NOK AMD

Idea PFE:

PFE reports earnings Nov2 BMO. PFE is both an idea for the day as well as potentially a trade for earnings. Today’s news that the FDA has not accepted MRNA’s teenager vaccine can be a catalyst for the day. Expected move is +/-2.4 into Fri close