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Swing Trade Ideas – July 8, 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 –0.42%  Currencies:  USA$+0.21% CAD +0.04% YEN -0.38%  BTC/USD-2.39%  Vix:18.25
• Events USA Trump declared the MOU is over and attacked 80 sites in Iran. As expected energy prices are higher but are not pricing a full escalation. Iran has struck USA bases but not energy production in GCC. Market seems to be expecting another TACO so stay tuned.  Trump speaking at 1115ET so may be market moving.
  Stock News BABA +9% Positive reaction to analyst discussions
  Equity Global indices lower ex-China which is higher.  Catalyst is Trump declaring MOU over and attacking Iran which is lifting oil and yields and pressuring equity.  Korea continues lower and pressuring memory stocks and in turn AI/semis. SPY/QQQ hit the put wall overnight and are bouncing premarket as shorts cover or the monkeys are expecting another Taco from Trump, who is speaking today at 1115ET. FOMC meeting minutes at 14ET would normally be the big mover today but are less important than the resumption of SOH action and the anticipation of the next tweet from Trump. QQQ is lagging with semis and software lower. MU is leading semis lower and SNDK is leading S&P500 lower as memory trade unwinds. MAGS are all down with AAPL leading as the defensive name. Tues the monkeys bought the dip and watch whether they try again. SPY 740, QQQ 700 are the put wall levels to use as reference level. Energy names and Chinese are higher premarket but extended. Energy names can have larger moves should Trump elect to resume the war but a shortage of weapons and abysmal support from the electorate have the market betting on a taco and a negative  surprise will not be received well. SPX is well supported with positive gamma above and below price so likely resilient with dips bought mechanically and elevated IV will be supportive for a taco bounce.
  Stock OXY XOM BABA VG   AAPL SNDK MU SMH     Speculative RUN FCEL   
  Indices /CL KWEB USO XLE UNG XLP  DRAM IBIT ETHE SLV ARKG GDX ARKK NUKZ XLK SMH UFO

S&P500 OXY XOM SNDK MU HOOD NOW WDC PLTR GLW CCL MRVL INTC ORCL AMD TSLA MSFT
Other BABA RUN UMC PENG JD VG PDD RKLB   FCEL NVTS EIVN BB HMY HIMS AAOI NOK MARA

QQQ

QQQ 700 is the put wall and a level for bulls to lean against. Technically QQQ is weak but still holding the AVWAP from April gap on the original ceasefire. IV is elevated due to the latest attacks on Iran and a Trump taco will lead to a short covering bounce. QQQ expected move is +/-6. One can speculate on the bounce or dump with butterfly strategies with Trump speaking at 1115 as a catalyst. Potentially broken wing in case the move is greater than expected which is possible if the move is to the upside. Below 700 the support becomes sketchy as there were many overnight gaps which can be filled.