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Swing Trade Ideas – April 15, 2021

Market View

World markets are mixed with USA markets green, Japan green, Europe green, Hong Kong red, China red and Asia green. Yield curve steeper is usually good for tech  and bad for financials; however good financial earnings reports are leading financials higher. US dollar is flat and not a factor.  Oil and nat gas are lower but industrial and precious metals are higher. All USA indices are  higher with Russell2000 leading again. USA retail sales will be released 8:30 and good results should benefit the market. USA market have run up in overnight trading so should pullback at open would be expected. Premarket all indices are positive with tilt towards riskier assets like momentum growth, biotech, Brazil, airlines and small caps.  Market has been rotating so watch the FAANGMT and especially TSLA to see if the correlated strength continues after the open or whether the distribution of TSLA continues today which will affect the QQQ. Small caps has more room to the upside if premarket trend continues into the open.

Stocks to Watch

Earnings BLK beat BAC RAD miss; SJR big EPS beat; TSM beat; UNH beat raise USB rev miss; Indices PRNT ARKn GDX IWM TAN XBI XRT ICLN QQQ IBB JETS SMH XLF SPY

ARKK Z TSLA NVTA TWLO SNAP CRSP ROKU SQ SPOT Movers DELL COIN PPD CVAC VSH AMC ABB UPST CRWD C NVDA RAD UNH COTY PLTR TMO AMD BAC

Bitcoin BTBT MARA RIOT MSTR CLSK PYPL OSTK SOS GROW

R2K INO CMPR AI AEO VSH VXRT AMC X DDD MSTR APPS SI FCEL

Stock Idea; IWM

IWM was strong Wed and leading strong in the premarket. IWM will benefit from strong retail sales and reopening meme. Need  to watch how the market reacts at the open for longs.