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Swing Trade Ideas – August 28, 2026

Date: August 28, 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 positive set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond -0.17%  Currencies:  USA$+0.05% CAD -0.0% YEN -0.16%  BTC/USD-0.96%  Vix:16.85
• Events USA:Warch speech 10ET Jackson Hole
• Stock News AFRM+12.9%   WDAY-1.3% MRVL-7.5% IREN-6.5%    EPS PYPL lower on report that Advent and Stripe not pursuing acquisition
  
  Comments Premarket USA is slightly weaker relative to ROW with QQQ which outperformed Thurs underperforming. MRVL is a catalyst which is lower despite earnings beat and raise but GOOGL revenue potentially 2029. ESTC is another data analytics  name moving more than the expected move with potential for further squeeze. AFRM also moving more than the expected move and providing some confidence in the stability of consumer credit and has potential for squeeze. GAP another squeeze potential name with short squeeze the catalyst. IREN lower on earnings which is weighing on neoclouds but neoclouds are not traded on earnings so potential for this one to move in either direction.  PYPL getting hit on a story that the acquisition may not happen.  MAGS ex-NVDA are bouncing after being sold Thurs with AAPL AMZN leading. Dispersion behavior can lead to tech weakness compensated by strength in the other sectors like XLV XLP or semi weakness compensated by non-semi MAGS i.e. reversal of Thursday. SPX 0DTE indicates resistance 7740-7800 and support 7600-7575. Warsh is speaking at 10ET and IV is elevated today due to the uncertainty. Position is bullish into the event and 0DTE put flies are an inexpensive hedge/contrarian trade.
  
  Stock AAPL AMZN AFRM ESTC    NVDA IREN MSTR  Speculative GAP  AAOI  AXTI
  Indices KWEB SLV ETHE XLP FEZ XLV   DRAM UNG SMH XLK IBIT TLT GLD QQQ

S&P500 TTWO PCG  PYPL MRVL SNDK INTC MU SMCI AMD
Other ESTC GAP SOLS AFRM BEKE UMC KLAR SBSW AG  IREN MNSO CHA AXTI S AAOI NBIS PURR CIFR BE MARA HMY RGTI MSTR CRWV

ESTC

ESTC is a data analytics company benefiting from move AI growth. ESTC has moved above the expected move which can lead to an extended move higher. There is not a lot of option open interest but 100 is next target. One can look for pullback on open and use VWAP as a reference level.  Expected move is 94 and a break below is a red flag.