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  • Swing Trade Idea – July 24, 2025

    Jul 24, 2025 Uncategorized Comments Off on Swing Trade Idea – July 24, 2025

    Date:Jul 24, 2025

    Laurie’s Abbreviation Index:

    ** ‘div’ – dividend

    ** ‘m/m’ – month over month

    ** ‘y/y’ – year over year

    ** ‘Inven’ – inventories

    ** ‘mfg’ – manufacturing

    ** +/- – plus or minus, positive or negative

    ** Underlined text – higher volume premarket

    ** ‘d’ – day

    ** ‘Y’ – year

    **govt – government

    Color Key: Positive – Neutral – Negative
    Global Markets:  USA, Europe, Japan, China, Hong Kong – neutral global set-up

    • Commodities:  Gold, Silver, Oil, natgas, AGGS, Industrial Metals, Bitcoin
    • Yields: 30Y Bond -.25%  Currencies:  USA$ +.2% CAD -0.09% YEN-.08%  BTC/USD +.28%  Vix: 17.95
    • Stocks: GOOGL+3.6% CSX+3% DB+6.5% WST+16.8% RPM+8.7%   IBM-6% HON-1.2% CMG-11.3% STM-11.9% DOW-7.4%    EPS  
    • Events: USA: UE claims 830ET; PMI 945ET  EUR: Rate decision 815ET; PMI improving CDN: Retail sales 830ET
      Equity:  USA indices are mixed with Nasi leading but DJIA and IWM red. GOOGL positive post earnings and capex forecast of $85B vs $73B is lifting NVDA AVGO AMD since no sign that massive AI spending is slowing. STM is lower on a weak forecast, joining TXN in signaling that semis are not strong in general. IBM lower on weaker software revenue after stock ran higher. CMG has moved lower 2x the expected move post earnings and one to watch. NOW strong move on an earnings and can provide support to cloud software.  The MAG7 are led by GOOGL and NVDA with TSLA leading to the downside. The move higher in the heavily weighted MAG7 can likely lead to subdued performance by the remainder of the S&P. TSLA has moved to the lower expected move and 310 is a large gamma level that may hold. GOOGL has negative gamma above 195 with potential to move to 205, 210.  SPX 0DTE is providing support to 6340 and resistance 6380 so dips are likely to be bought. Speculative retail squeezing is still ongoing targeting low stock price, high short interest names. AEO OPEN SBET RKT are some of the names to watch.
    • Simple bull bear levels: SPY 630 QQQ 565 IWM 225
    • SPY 634.7  Resistance 637.7 Support 633.3 630  QQQ 565.5  Resistance 567.5 570    Support 565 560
      Daily Expected Move. SPX(6335-6283)  SPY(631-626) QQQ(565-558)  IWM(225-221.7)

      Stocks to watch GOOGL NVDA ALB NOW  CMG TSLA IBM DOW   Speculative OPEN AEO
      Pre-800ET
      Indices ETHE UNG XLC SMH USO IBIT XLK QQQ  GDX XLY GLD SLV ARKK FEZ XLB IWM

    S&P500  ALB GOOGL CSX AVGO MRNA PYPL AMD NVDA MU CMG DOW TSLA IBM LUV DAL

    Other MXL AEO RUN DB DQ MBLY GEO VOD XPEV SBET RDDT OKLO IREN NBIS PDD TIGR  STM VKTX AAL IRDM STLA QS BILI ENVX SRPT
    WallstBets TSLA AEO RKT GOOGL DNUT CLOV FUBO KSS SOUN

    GOOGL

    GOOGL is higher post earnings. Above 195 option positioning can lead to 200, the expected move and then 205-210 above. Pullback > 195 may be buy the dip opportunities. Below 195 would be a concern since it’s a major position.

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