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  • Swing Trade Idea – August 24, 2021

    Aug 24, 2021 Uncategorized Comments Off on Swing Trade Idea – August 24, 2021

    Market View


    •Global markets are mixed with USA green, Europe red, China green, China green, Asia green

    •Yield curve steeper with long rates higher which is positive for cyclicals including financials

    •US dollar is slightly positive but commodity currencies are strong with the strength in commodities

    •Theme of the day is reflation/reopening with idea that China may arrest it’s economic slowdown with Covid delta on the decline.

    •USA indices are over bought technically after the recent bounce and some digestion is expected. S&P500 range into Sept OPEX currently forecast to be 4400 to 4500 with Jackson Hole later in the week the potential to cause a large move

    •Earnings movers PANW BBY PDD.

    •The move in PANW will likely be a catalyst for moves in other security stocks like CRWD, ZS and HACK ETF

    Stocks to Watch

    Earnings BBY BNS HTHT PDD AAP

    Indices KWEB EEM XLE JETS DBC ARKK MSOS XME HACK IWM  ICLN TLT

    S&P500 BBY LVS WYNN OCY NCLH APA DVN NUE CCL HAL  AAP CMI RE RHI PFE RMD ORLY LLY AZO

    Movers CARA PANW JD BABA CRWD BBY BIDU CTRN RIO AMC QD PLNT NUE TBPH MCW ZIM

    WSB NIO SENS ARVL AMC CLF GSAT HOOD F WISH GOEV OCGN TTCF

    Swing Trade Idea – CRWD

    CRWD is a security name that can move with the PANW earnings being a catalyst. Stock is elevated in premarket so one can look for a pullback for an entry.

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