.

Swing Trade Ideas – May 25, 2021

Market View

World markets are generally positive with USA green, Europe mixed (German GDP weak), Hong Kong green, China green, and Asia green. Yield curve flatter and as FED heads downplay taper talk, positive for tech, especially ones that are highly speculative. US dollar lower which is positive for equities. Commodities are generally weaker even with the lower dollar suggesting rotation. USA markets are short term extended with SPY bouncing off the 420 call wall so expecting consolidation/digestion today. Strength today in emerging markets, China internets, Semiconductors ( NVDA stock split of course) and airlines (UAL has improved outlook).  FAANGMT are currently positive and are important to watch as market seems to be rotating back into these names. Caveat is they are short term extended so though they can squeeze higher, odds favour digestion. Should 10yr yield rise, look for FAANGMT pullback.

Stocks to Watch

Earnings AZO FINV HTHT RIDE TIGR

Indices EEM KWEB SMH ARK ICLN JETS FANG QQQ IWM SPY TLT GDX GBTC SLV XLE

S&P500 TDY UAL GPS AAL LRCX NVDA BA INTC AMAT LRCX MGM AMCR RE ALK DPZ SPGI

Movers TIGR FINV SHAK MMYT APPN UAL PDD CPRI COIN TOL BA  RIDE DY JBT REXR BNR ESLT

ARKK HUYA TSM ROKU SNAP PINS Z TWLO TSLA

Relative Strength DB  TEN INVH IGT

Stock Idea; TIGR

TIGR is an Asian financial company that had large beats in earnings and revenue and is currently trading at 18.40 in the premarket. The premarket high is 18.7 which can be used for a momentum trade for a long or a pullback entry can be used. Hong Kong stocks are strong today to provide an additional catalyst. TIGR is a popular name with options traders so potential for a squeeze. Caveat is to take care with stocks trading post earnings. FUTU is another name, which recently also reported strong results.