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Swing Trade Idea – April 14, 2022

Market Setup pre-800ET

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Mixed  global set-up

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

•Yields: Yield curve slight flattening – 10yr 1.2%  at highs from Wed and Thurs

•News: USA: Retail sales 830ET UofM consumer sentiment 10ET; China: Easing lockdown helping oil; Europe: ECB press conf 830ET Ukraine: Ongoing; FED: Mester 3:50;  Russia not happy with idea of Finland Sweden joining NATO-good for defence stocks

•Stocks: TWTR Musk offers to buy remainder for $54.20; Earnings GS MS STT WFC TSM UNH; BABA investigated by govt re: ANT

•Indices: USA indices squeezed Wed as puts were closed prior to Opex and potential for squeezing today.  Indices pulling back in premarket. Key support levels: SPX 4400 QQQ 340, breaks below can lead to large downdrafts. SPY Support 442.5 440 435 Resistance 445 450 (gamma)

•Sectors: Leading semis EFA cannabis airlines lithium Lagging silver energy bitcoin EEM

•Stocks to watch DAL TWTR RTX LMT IBM TSLA UNH CF  Spec Names:  IPI

Pre-800ET

Earnings ALLY C GS HDB MS PGR MS PNC STT TSM UNH USB WFC

Indices ICLN SOXX EFA MSOS JETS SMH yen euro TLT XLE XLF /btc XME UUP EEM SLV XOP

S&P500 TWTR MS IBM HII DAL UPS KEY CCL STT  RJF WFC STX WDC TSLA MOS GWW CF XOM

Movers TWTR PSFE TSM DAL HIMX ERIC APLS WFC STX WDC BBBY TSLA GWW TTE ABBV XOM

WSB PLTR PLUG NVDA TSLA BABA AMC NIO

Trade Idea: LMT
LMT is a defence name which are bid on Russia Ukraine but getting an additional bid on Sweden/Finland potentially joining NATO. Earnings Apr 19. RTX and AJRD are other names.