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Swing Trade Idea – February 28, 2022

• Global Markets:  USA, Europe, Japan, China, Asia

•Commodities:  Precious metals, oil and natgas, Grains, industrial metals

•Yields: lower and flatter not positive for financials

•News: Western govts decision to cut off Russian CB and other banks from Swift has led to world markets pulling back which have been bouncing on news that Russia&Ukraine are holding a ceasefire meeting; USA Chicago PMI

•Stocks: C $5.4B exposure to Russian assets;  CVX acquiring REGI  ; TD buying FHN; YNDX, OZON Russian stock bloodbath; BP exiting Russia; Euro banks are all lower; Russia playbook Defense stocks, fertilizer, oil, gold – watch for continuation or reversal; Security stocks strong

•Indices: USA indices pulled back 2.5% from overbought levels but have bounced 1.6% on ceasefire talks. VIX futures inverted and VIX 30 are indicating high risk. Impact of Russia sanctions not well understood. IMO financials contagion risk both Europe and USA. SPY Support: 430, 425 Resistance: 436.5, 440. Take care on a break of 430

•Sectors: Leading: solar, commodities, gold miners, bonds, USD  Lagging Brazil, financials, bitcoin, tech

•Stocks to watch: RTX ENPH CF AU PANW C ING KKR Spec Names: PLUG SBSW XRAY

Pre-830ET

Earnings ACAD AUPH BIGC DAR DDD DQ GDRX HPQ LAZR LCID NVAX NLSN OKE OSH

Indices ICLN TAN DBC GDX XOP GLD TLT SLV HACK UUP EWZ EEM XLF JETS /BTC XLV XLB XLK ARKG

S&P500 RTX GD NOC LMT ENPH DVN CF LHX PHM SEDG MOS NEM EOG FANG VTRS LIN EPAM C TFC MRNA IVZ

Movers REGI FHN TS NIO EQNR MOS PAAS NTR CVX BHP HL AUPH BP TTE AER BCS CNHI DQ FL EPAM NTES VTRS

WSB AMC TSLA HOOD AFRM SOFI F BABA NVDA CLF AMD AMZN

Trade Idea JPM
USA money center banks are potential short ideas given the sanctions on Russian banks.  Premarket 144 can be used for a momentum trade or look for a bounce to enter short. Target Thurs low 140