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Swing Trade Ideas – July 7, 2026

Date: July 7 2026

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 – slight negative set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond –0.11%  Currencies:  USA$+0.10% CAD -0.04% YEN +0.07%  BTC/USD-0.5%  Vix:17.30
• Events USA 830ET USA trade balance CDN: 10ET IVY PMI
  Stock News Samsung -6.9% post strong earnings beat
  Equity USA indices mixed with QQQ -1% and IWM+0.44%. Rotation game continues with S&P dispersion at YTD highs and S&P correlation at 4%. Typically low correlation reversal leads to market weakness so stay tuned. QQQ weakness attributed to Samsung  reaction to strong earnings which did not beat the whisper and pulling down the KOSPI and semiconductor names led by MU SNDK and AI names like MRVL INTC GLW NVDA. Since dispersion trade in vogue the machines buy financials, healthcare. This rotation can continue as long as SPX remains supported by option positioning (SPX > 7450).  Oil is higher after some attacks in the SoH but at this point it seems oil traders are not reacting to middle east issues.  The MAGS are led by MSFT AAPL AMZN with NVDA lagging.  DIA has been outperforming QQQ and MAGS within the DIA may be a safety trade.  
•  Stock NOW PLTR MSFT   MU SNDK INTC     Speculative FIG NBIS   
  Indices IGV XLE /CL XLV USO XLP IWM XLP XLF  SMH XLK SLV AIPO QQQ

S&P500 NOW PLTR MSFT NFLX ORCL MU SNDK MRVL INTC GLW AVGO NVDA SMCI
Other CRNX FISV FIG   RIVN ASX NBIS NVTS NOK  CRWV TSM RKLB BB RDW BABA IREN

NVO

Healthcare has been outperforming tech and can continue to outperform if tech is distributed. NVO is a Danish company competing with LLY, which is outperforming but also trades at a much higher multiple. NVO is now above the 200sma so may attract more institutions. Option positioning indicates resistance at 50 and acceleration above. Earnings Aug 5