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Swing Trade Idea – March 17, 2022

Market Setup

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

•Commodities:  Precious metals, oil and natgas, Grains, industrial metals (aluminum, copper, palladium, zinc)

•Yields: higher yield curve slightly steeper

•News: Europe: CPI 5.9% Y-Y,  UK rate decision; USA:: UE claims, Industrial production, Housing Starts; Ukraine: Unchanged;  Russia payments on foreign debt due, interesting

•Stocks: DG ACN PD WSM positive earnings response; Energy, gold and fertilizer bouncing. SEDG 2M share offering

•Indices: Indices squeezed post FOMC to top of weekly expected move led by oversold names. Small pullback premarket. Statistically more likely to finish inside expected move by Friday. SPY key levels support 430 425 420  Resistance 440. Vix remains high but starting to uninvert, which is positive

•Sectors: Leading: Commodities, energy, gold miners, Lagging China internet, airlines, solars, semiconductors, financials

•Stocks to watch: ACN WSM OXY SBSW DG AA KWEB AAL AMD Spec Names:  PD SIG WRBY

Pre-830ET

Earnings JBL EDR LEN PD RIOT WSM ZTO ACN CMC CSIQ DG LAC SIG WRBY

Indices DBC XOP XLE GDX SLV GLD TLT EWZ KWEB JETS TAN EEM SOXX XLF SMH

S&P500 ACN OXY DVN MRO APA SLB HAL NLOK NEM MOS CSX SEDG UAL AAL EPAM AAL CCL AMD DAL CZR

Movers PD ACN OSH AA NTR ZTO CSIQ YY BABA GME FTCH DB HUT AMC

WSB UWMC ROOT BARK CORN HUT SKLZ BABA SDC RIVN NIO GME AMD AMC AFRM NVDA

Trade Idea MOS
Russia playbook idea. Fertilizer shortage idea with Ukraine not resolved.  Momentum breakout over 58.87 target 61 and 63. High call OI at 60 this week and 65,70 in April