.

Swing Trade Ideas – August 21, 2026

Date: August 21, 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 –neutral set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond -0.09%  Currencies:  USA$-0.22% CAD +0.34% YEN +0.34%  BTC/USD+7.35%  Vix:17.6
• Events USA: PMIs 945ET  CDN: Retail sales 830ET
• Stock News ROST+8% BEKE+7.5% BJ+2%       EPS
  
  Comments USA indices broadly bouncing premarket after Thurs selling. US$ and yields lower is leading to continuation higher of miners and metals, crypto and biotech with caveat that they are technically overbought. AI trade is bid with semis, optical, quantum names higher premarket. MAGS led by TSLA have weak bounces. The market is now sensitive to yields and the impact of oil prices hence the PMI report at 945ET may be market moving, with potential of weak PMI potentially positive for equities if yields fall. Canadian CPI premarket can move the CDN$. SPX 7680 is a line in the sand with marginal 0DTE support until 7650 and bulls will need to see premarket highs taken out. Today is Aug monthly expiration with some SPX positions expiring at the open and equity options and remainder of SPX expiring in the afternoon. Expiration reduces the gamma which has supported the market and can lead to volatility in the coming week and potentially in the afternoon. Next week Jackson Hole and NVDA earnings are the big events and may dampen major changes.
  
  Stock TSLA SMH COIN FCX    BABA   Speculative  ASST HMY TEM 
  Indices  IBIT GDX SLV ETHE XME DRAM ARKK SMH   /CL US$ XLE

S&P500 COIN HOOD FCX NEM COHR SMCI TSLA MRVL AMD MU
Other ASST SBSW MSTR HMY MARA CRCL BMNR   BABA TEM

IWM

IWM is leading USA index and may outperform if the market continues to bounce in a risk-on manner. Large option positions at 300 can be used as a decision level for longs. USA PMI data at 945ET may be market moving so take care at that time.