.

  • Swing Trade Idea – December 08, 2022

    Color Key: Positive Neutral Negative

    Global MarketsUSA, Europe, Japan, China, Hong Kong Asia Neutral global set-up

    CommoditiesGold, Silver, Oil and natgas, Grains, Industrial Metals

    Yields: Yields Higher

    Currencies:  US$ +.05% Euro +.05% Yen -.39% GBP -.23%

    News: USA: The UE Claims at 830ET Europe: Lagarde China: Running short of fever medicine, the concern of cases rising.

    Stocks: In my analysis, TSLA -1.6% has new margin loan potential Earnings: CIEN +16%, HCP +7% and MOMO +14%

    General: Leading: Euro Gold  Lagging:  China, Brazil, Semis, Spec Tech

    Indices: The USA indices are rising overnight with a mild risk-off setup. The SPY $395 in my opinion is at a major gamma level which can act as a resistance. Above $395 target of $400 and below $395 support at $390. The potential for a short squeeze; however macro set-up is not supportive with yields higher and US$ flat. Puts option buying in FANG stocks very elevated which may provide support. In my opinion, the Indices are below expected moves for week so a rebound is statistically more likely but at risk for larger moves to the downside elevated. TSLA potential additional downside risk

    Stocks to watch:  WYNN, LVS, BABA, DVN, CIEN, AAPL, TSLA    Spec Names MOMO

    Pre-800ET

    Earnings  AI, GME, HCP, CIEN, MANU

    Indices KWEB, XLE, XOP, EEM, ARKK, IWM, XLB, SPY, TLT, EWZ

    S&P500 WYNN, LVS, DVN, APA, SLB, MRO, OXY, META, JNPR,  BALL, FANG, TSLA, PCG, SPG

    IWM BABA, NIO, COIN, CLF, TSLA

    WSB BABA, NIO, COIN, CLF, TSLA

    Movers CIEN, MLCO, BILI, RXDX, HCP, GDS, LI, XPEV, WYNN, BABA, LVS, GTLS, SQM

    My Trade Idea:LVS
    In my analysis, LVS and Macau casinos are in play today with Hong Kong relaxing Covid rules. The LVS is more diversified with property in Singapore which is also reopening. Premarket high $49.4 can be used for a momentum trigger or look for a pullback > $47.50.  50 key levels to take out for a larger move with option market targeting 60-65 in the medium term

0 comment
Top