.

  • Swing Trade Idea – January 14, 2022

    Jan 14, 2022 Uncategorized Comments Off on Swing Trade Idea – January 14, 2022

    Market Setup – Pre Retail Sales report

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

    •Yield curve slightly steeper tends to be negative for tech

    •US dollar slightly higher

    •News: USA:Retail sales 8:15 ET, Industrial production 9:15ET, Consumer sentiment 10ET UK: GDP higher than expectations China: Export and Import growth slowed;  WhiteHouse vaccine mandate stopped by Supreme Court

    •Stocks: JPM Revenue miss due to trading revenue;  WFC beat; BLK Rev miss; SHW lowered EPS guidance; LVS, WYNN, MGM Macao licensing rules clarified; MRNA, BNTX, NVAX blocked vaccine mandate; ODP potential sale of Consumer Unit; 

    •Indices: Global indices are red. USA indices started  declining 630ET with release of JPM earnings. Nasdaq and Russell2000 stocks are leading to the downside and DJIA outperforming.  FAANGMT and tech are weak, which is a concern with weakness in financials. SPX 4600 is a major gamma level where a strong bounce is possible or a sharp move lower. Be prepared for the bounce or swoosh

    •Sectors: Leading: Energy, China Internet, Gold Lagging: Bitcoin Spec tech, biotech, materials, small caps, semiconductors

    Stocks to watch:  DP LVS WYNN  WFC JPM SHW SAM MRNA Spec Names: DOCN

    Earnings C HDB JPM WFC

    Indices KWEB XOP DBC XLE LIT SLV /btc TLT ARKK XLB XBI IWM QQQ EEM

    S&P500 LVS WYNN MGA WFC MOS NTAP OXY DVN APA MRNA JPM SHW GLW DIS LIN CTSH FISV F C UAL AMD

    Movers FOLD MOS CHKP TXRH SPCE ORLY WISH FIVE ODFL IIPR UNP AMC SRC JPM BJ PAGS SIRI C HOOD FISV

    WSB AMC SPCE DWAC NET HOOD NIO F RIOT AMD RBLX TSLA NVDA

    Trade Idea WYNN

    WYNN resorts is a longer term idea.  Macao casinos have been hurt by the combination of Covid and uncertainty regarding the renewal of licenses. The latter issue was lifted today with China defining the regulations. WYNN has several USA properties which are performing well. Covid concerns diminishing later this year should be a catalyst for WYNN to recover. With the move premarket, stock is short term overbought so handle with care.

0 comment
Top