.

Swing Trade Idea – July 25, 2022

Market Setup

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

•Commodities:  Gold, Silver, Oil and natgas, Grains, Industrial Metals (Aluminum Copper Nickel Palladium Platinum Zinc)

•Yields: Yields lower and flatter

•US$ -.44% Eur .5% GBP +.8% CAD +.44%

•News: USA:  Dallas Fed mfg index 930ET Europe: German Biz Sentiment 88.6 lowest in 2 years China: Potential real estate support

•Stocks: NEM -3.9% miss due to lower gold price MP added to S&P400 Midcap MTZ buying IEA SIGA EBS monkeypox boos WWE Mcmahon retiring

•General: Leading: Brazil Energy Financials Spec tech Lagging:  Bitcoin TLT

•Indices: USA 4am bounce with US$ pull back to overbought. SPY above 395 gamma level (support) with resistance 397 and 400.  QQQ above 300 gamma level (support) with 305 310 resistance.  Lower US$ and higher yields is providing a boost to metals, energy, financials. Highly shorted names and spec tech have a bid.

•Stocks to watch  TSLA JD MP RIO MT MRO TRV MTZ COIN Spec Names : SIGA WWE CHPT

Pre-800ET

Earnings NEM

Indices XOP EFA XLF XLE XBI ARKK IWM SPY DIA GDX QQQ /btc TLT

S&P500 ENPH TRV FCX TSLA C NEM LRCX

IWM EBS AA AR BE AI MTZ MSTR

WSB AFRM TSLA BABA RIVN CLF COIN

Trade Idea: ET
ET is an UOA name with call strikes building at 11 and 12 strikes. 7.8% dividend. Better buy in ~10.2. Safety/yield type name, not a day trade idea.