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Swing Trade Idea – April 19, 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 steepened overnight. Small bond bounce in premarket which can lift tech. Could be dead cat

•News: OIL: Disruptions in Libya disrupting supply but China trying to reopen; Bullard comments lifted yields; BOJ yield control leading to lower Yen and higher USD/JPY; Russia starting Donbas campaign

•Stocks: LMT profit drop due to supply chain; JNJ EPS beat sales miss lowered guidance, suspends Covid vaccine guidance; TWTR potential bidding war; NFLX earnings after close, sub data negative; HAL EPS meet; HAS EPS miss; ZEN sale chatter; ACC sale to Blackstone

•Indices: USA indices pulled back overnight but bouncing in premarket with tech and financials minor strength. Key support levels: SPY 435 QQQ 335 Indices are negative gamma which will lead to larger moves. Large put positions are building in QQQ which can lead to large down drafts but also sharp squeezes

•Sectors: Leading Airlines bitcoin silver retail biotech financials software Lagging commodities energy China TLT

•Stocks to watch ZEN TSLA NVDA LULU PLD  HAL Spec Names:  PLUG SI ACC FLGT

Pre-800ET

Earnings FNB CFG FITB HAL IRDM HAS JNJ LMT PLD TFC TRV

Indices /btc XLF ICLN SLV UUP GDX KWEB EEM TLT XLE EFA

S&P500 BHT DAL AAL CCL UAL PLD BA C MOS F GM BA MRNA HAL NXPI EA LIN EMN LMT ADM SLB AMD

Movers PLUG ZEN FLGT WE SI SOFI TSLA GME  NVDA STLA FOUR PLTK RBLX HAL NXPI EA EMN EL  AMC TECK

WSB PLUG BA F GME TSLA CCJ RBLX BABA NIO

Trade Idea: ZEN
ZEN is in play with chatter on a takeout. Call activity has been building for the last 2 days. Monday large buyers of the Jul 140/145 CallsPremarket up 6%. Use premarket high for a momentum trade or pullback to VWAP intraday