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Swing Trade Idea – December 10, 2021

Market Setup

•Global markets are mixed with USA mixed, Europe red, Japan red, Hong Kong red, China red, Asia mixed

•Yield curve steeper with long yields rising, benefits financials

•US dollar stronger relative to yen

•News: USA: CPI 8:30ET, Consumer sentiment 10ET; Japan: PPI 9% Y-Y; GB: GDP 0.1% weak macro data

•Stocks:  Earnings:  CHWY LULU down AVGO ORCL COST  up;  AVGO 10B buyback; AI 500M DOD agreement; MRNA Phase 1 flu results; CF raised guidance; AMC CFO sold 100% of shares, CEO sold 76%

•Indices: Indices muted ahead of CPI data release. Range day expected as long as SPX remains above 4650 with 4700 resistance.

•Sectors: Leading: Long bonds Yen Lagging: bitcoin, silver, energy, natgas, small caps, semiconductors, spec tech

•Stocks to Watch:  AVGO ORCL CF CIEN TSLA LULU MRNA Spec Names: AI  RENT

Movers

• Earnings AVGO CHWY COST LESL ORCL LULU

• Indices GBTC UNG EWZ IGV BLOK SMH XLE XLK  JETS GDX IBB SLV GLD TLT

• S&P500 ORCL AVGO CF IRM CNC COST NVDA OXY SWKS APA MRNA LUV FIS MU TSLA GPN PFE

• Movers ORCL AVGO PAY SM JBL CYTK GME RDS COST EVBG CHWY MRNA LUV FIS TSLA GPN LULU PFE

• WSB GME NVDA TSLA

Trade Idea ASO

ASO reported earnings with beat and updated guidance. Swing idea with 50 target. Premarket 46