.

Swing Trade Idea – March 22, 2022

Market Setup pre-830ET

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

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

•Yields: steeper, yields higher positive for financials.  Rates now pricing in a 50bps increase in May.

•News: Europe: ECB expects 2% growth, subsidies for energy, discussing > sanctions  Lagarde 9:15ET USA: FED Mester, Williams

•Stocks: NKE beat; BABA increased buyback $15b->$25B China stocks lifted; OKTA potential hack; TSLA opening Berlin factory, Bitcoin higher

•Indices: USA indices are slightly higher led by R2K with Nasdaq lagging.  SPY 200sma and QQQ 50sma are the key levels to watch. SPY support 442.5 440   Resistance 445 450 expected move +/-.9%  Vix futures are no longer inverted which is bullish. Bond market signaling caution.

•Sectors: Leading: China Internet, bitcoin, emerging markets, lithium, financials, airlines Lagging yen, TLT, silver,

•Stocks to watch NKE BABA PDD SLB RTX  OKTA Spec Names: HUT MARA MSTR SI

Pre-830ET

Earnings DAVE NKE

Indices KWEB /btc EEM LIT XLF EWZ XLY ARKK JETS DIA XLI yen GLD XOP TLT SLV XLE

S&P500 NKE TSLA MO UAL DAL PG SCHW AAL SHW CCL MS PYPL WFC FMC LYB HAL PM OXY XOM

Movers BABA NKE UNVR MT TSLA GME MO CGC CRH FMC LYB PM

WSB BABA NIO GME TSLA RIVN RBLX AFRM CCJ AFRM PLUG

Trade Idea: RTX

RTX is a defense contractor and the space is benefiting from Russia-Ukraine. Premarket high 101, can be used for a momentum trade or a pullback can be used.  Apr14 target 105. LMT GD NOC LHX are alternatives.