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  • Swing Trade Idea – July 25, 2022

    Market Setup

    Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Neutral  global set-up

    Commodities:  Gold, Silver, Oil and natgas, Grains, Industrial Metals (Aluminum Copper Nickel Palladium Platinum Zinc)

    Yields: Yields lower and flatter

    US$ -.44% Eur .5% GBP +.8% CAD +.44%

    News: USA:  Dallas Fed mfg index 930ET Europe: German Biz Sentiment 88.6 lowest in 2 years China: Potential real estate support

    Stocks: NEM -3.9% miss due to lower gold price MP added to S&P400 Midcap MTZ buying IEA SIGA EBS monkeypox boos WWE Mcmahon retiring

    General: Leading: Brazil Energy Financials Spec tech Lagging:  Bitcoin TLT

    Indices: USA 4am bounce with US$ pull back to overbought. SPY above 395 gamma level (support) with resistance 397 and 400.  QQQ above 300 gamma level (support) with 305 310 resistance.  Lower US$ and higher yields is providing a boost to metals, energy, financials. Highly shorted names and spec tech have a bid.

    Stocks to watch  TSLA JD MP RIO MT MRO TRV MTZ COIN Spec Names : SIGA WWE CHPT

    Pre-800ET

    Earnings NEM

    Indices XOP EFA XLF XLE XBI ARKK IWM SPY DIA GDX QQQ /btc TLT

    S&P500 ENPH TRV FCX TSLA C NEM LRCX

    IWM EBS AA AR BE AI MTZ MSTR

    WSB AFRM TSLA BABA RIVN CLF COIN

    Trade Idea: ET
    ET is an UOA name with call strikes building at 11 and 12 strikes. 7.8% dividend. Better buy in ~10.2. Safety/yield type name, not a day trade idea.

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