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Swing Trade Idea – March 08, 2022

Market Setup

• Global Markets:  USA (red), Europe (yellow), Japan (red), China (red), Hong Kong Asia (red)

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

•Yields: higher and curve steeper

•News: Russia-Ukraine: Paused to allow civilians to leave; Europe:  Plan for large defense and energy spend;  Nickel: Chinese investor lost 2Billion  in short squeeze – LME suspending trading

•Stocks: DKS beat; GOOGL buying MNDT; European stocks are bouncing on the EU plan led by banks (HSBC UBS);  Solar stocks moving on EU plan (RUN SEDG ENPH, FSLR); Energy names still strong; Dead cat bounces in USA financials and other weak names

Indices: SPY fell to 414 before bouncing to 423 on EU news and currently consolidating at 420 which is a key gamma level. SPY key levels. Vix futures inverted and VIX rising in premarket so risk remains high. Premarket high and lows are good reference levels.  Support: 415, 410 Resistance: 420, 425 430 435 440 445.

Sectors: Leading: bitcoin, solar, silver, airlines, energy, financials  Lagging long bonds, spec tech, US$, mining

•Stocks to watch HAL OXY CCJ TSLA AAPL  MOS LMT Spec Names:  RUN SPWR GFI

Pre-830ET

Earnings DKS LAC OLPX

Indices /BTC ICLN JETS TAN SLV EWZ ARKK GDX XOP IWM SOXX XLF TLT UUP

S&P500 AAL DAL ALK UAL CCL ENPH NCHL DISH CTRA LVS SEDG CAT LUV  MOS AEE NUE FCX OXY LMT

Movers OLPX VALE KSS FUTU OKTA GME DELL BAC TSLA F PLTR BX RVLV AMD NVS MNDT BBBY

WSB PLUG CCJ NIO BABA AFRM GME HOOD BA AMC F TSLA PLTR

Trade Idea ENPH
Solars are gaining strength in premarket on Euro plan to invest in energy which will be renewable. Enph is a large holding in the TAN ETF. Premarket high 177.8, short term support 175.4. Swing target 180, 200