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Swing Trade Ideas – October 24, 2025

Date: Oct 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 set-up

• Commodities:  Gold, Silver, Oil, natgas, AGGS, Industrial Metals, Bitcoin
• Yields: 30Y Bond -0.24%  Currencies:  USA$ +0.11% CAD -0.31% YEN-0.29%  BTC/USD+0.7%  Vix:18.8
• Stocks:INTC+6.8% PG+2.5% SNY+2.2% HCA+3.4% GD+2.8% FIX+15% F+3.7%     DECK -13% NEM-6.4% BAH-7.8% ALK-2.4%   EPS
  Events:USA: CPI 830ET; Trump bluster re: Canadian trade discussion; UofM consumer sentiment 10ET
  Equity: USA large cap indices have been bid up premarket  close to call walls and above short term value, hence extended ahead of the CPI premarket print. Given the narrative that FED will be cutting rates with inflation falling, a hotter print is the risk and 0DTE positioning is not well positioned for weakness, rather positioned for a SPX to move to 6800-6825.  Premarket the speculative (Ponzi) ETFs are bid with which like Thurs is a set-up for outperformance by high short interest names which can continue if CPI is inline or lower but a hot CPI print may cause a reversal. INTC moved higher to target on earnings (Rev +2% Y/Y 🙂 by not being a train wreck but forecast claims that PC sales may improve which is a catalyst for the monkeys to buy AMD MU AVGO NVDA premarket.  NEM lower on earnings with weaker output and higher spending drags and since NEM a large component of GDX, it’s dragging down the sector.  DECK has moved lower than the daily expected move on earnings flagging weaker consumer demand and tariffs which will likely impact the other footwear companies.  BAH moved below the expected move as consulting companies may be impacted by AI. FIX moved above the expected move as air conditioner sales are supported by a gazillion watts of power needed for AI data centers. GOOGL is the leading MAGS as Anthropic will be using GOOGL cloud. TSLA lagging post Thurs bounce after posting lousy earnings. *** CPI 3% y/y which is 0.1% lower than expected Immediate reaction was USA indices higher as expected. SPY top of daily expected move hit so now watch whether they squeeze indices higher or sell the news. Note that CPI is higher than prior so FED is expected to be cutting into increasing CPI, something to consider.
  
  SPY 674  Resistance 675 677 Support 673 672 670 665;  QQQ 614  Resistance 615 616  Support 612.5 610 605
  Daily Expected Move. SPX(6787-6689), SPY(677-666), QQQ(616-605),  IWM(250-243)
  
  Stocks to watch GOOGL, PG, GD, INTC, TSLA, NEM, DECK, Indices CIFR, IREN, QBTS, IONQ, RGTI,

S&P500 INTC, F, PG, MU, AMD, SMCI, GOOGL, NEM, DECK

Other CIFR, IREN, QBTS, IONQ, RGTI

GOOGL

GOOGL reports earnings Oct 29 and often rises into the earnings print. Expected move into next week’s close is +/-18. Option positioning currently has large call level at 255 which is resistance but above there are targets of 260, 280 and 300.  Bollinger bands are relatively tight  so potential for an expansion. GOOGL is a potential long idea into earnings above 255 with caveat that there are many minefields next week with FOMC, govt shutdown and China tariffs so controlling risk with call verticals is a way to trade upside.