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Swing Trade Idea – February 17, 2022

Market Setup

US markets red, Japan red, Europe green, Hong Kong green, China green, Asia mixed

Yields: Yields  lower and flatter

US dollar higher

News: USA: Philly Fed mfg index, UE claims, FOMC Bullard 11ET; Ukraine: Separtists and Ukrainian govt forces shooting

Stocks: WMT beat divi+ increased forecast; NVDA beat inline guidance; CSCO beat divi+ buyback; AMAT beat meh guidance;

Big Positive: DASH+22% GLBE+14% SBLK POOL Big Negative: AMPL-40% FSLY-30% TXG-23% APP ATUS ALB TRIP PLTR

Indices: USA indices are red but trading within Wed range. SPY consolidating at 445 gamma level with  upside target: 450 downside targets: 442.5, 440, 435. Vix futures are inverted signaling risk as geopolitical events are meme du jour. Premarket high and low are levels that can be used as references in what will likely be a range day

Sectors: Leading: gold miners, commodities, energy, bonds Lagging bitcoin, spec tech, semis, airlines

Stocks to watch: WMT CSCO AMAT SBLK FSLY ALB Spec Names: FVRR DASH GLBE PLTR

Pre-830ET

Earnings AIG ALSN AMAT AMPL APP AR ATUS CPRT CSCO DASH ET FSLY FSR GLBE MRO NTR NVDA QS SBLK SPWR TRIP BAX CIM FVRR GFI HIMX PLTR SO TPH WMT

Indices GDX DBC yen XLE TLT /btc LIT ARKK SOXX JETS SMH QQQ IWM XLK EWZ SPY

S&P500 EPAM HAS POOL CSCO WMT AMAT CPRT MOS NEM V AIG TGT ALB WY TYL MMM NVDA CF AMD SO IP

Movers DASH GLBE FVRR SBLK EPAM UPST HAS CSCO NTR AMAT TXG MTTR PLTR NICE NVDA SHOP CF YETI AMD

WSB CCJ RBLX BABA PLTR NVDA AFRM RIVN NET AMD AMC SOFI

Trade Idea MOS
Fertilizer stocks have been strong. NTR beat and guidance raise is positive for MOS. MOS earnings Feb 22 so potential for run into earnings. Potash prices at 10yr highs due to Belarus sanctions, the second largest supplier. Russia is #3.