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Swing Trade Ideas – August 31, 2026

Date: August 31, 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 -0.14%  Currencies:  USA$-0.17% CAD +0.13% YEN +0.24%  BTC/USD+1.1%  Vix:17.05
• Events USA: Minimal USA news so look for Trump tweets or additional military action
  Stock News SAIC+4.8% GME+3.9%      EPS PCG EIX lower as CA lawmakers block Newsom from preventing insurance companies from recouping losses from utilities
  
  Comments USA indices are lower premarket but above the Sunday night lows and USA struck Iran which then hit USA bases in Jordan. Oil, yields higher but oil market is becoming numb to war news. When in doubt buy NVDA which is higher after Fri sell-off and the only positive MAGS. Dispersion trade continues so if buy semis, sell software with MSFT leading MAGS to downside but has been strong so potential BTD. Oil higher is lifting 10Y yields and energy names are higher. Metals fell post Warsh’s hawkish Jackson Hole and were lower overnight but are bouncing premarket along with bitcoin so maybe dollar debasement trade is back. The crypto related names and gold miners are bouncing in tandem and worth watching.  SPX 0DTE indicates positive gamma above and below which can result in a mean reversion day. Pivot level 7685, support 7650, resistance 7720.
  
  Stock NVDA AVGO    MSFT NOW PLTR  Speculative PURR SLS  MNSO
  Indices USO UNG XLE SLV IBIT MSOS GDX DRAM ETHE SMH   XLU IGV ARKK ARKG SPY KWEB ARKX

S&P500 TTD COIN   PCG EIX MRNA NOW PLTR
Other PURR SLS GME ASST VG MSTR STM BMNR MARA AXTI  MNSO FIG PINS BABA NBIS

NVDA

NVDA pulled back Fri despite post EPS bounce with strong earnings.. Positioning is strongly bullish with large call positions at 225, 230. NVDA is the only positive MAGs name and usual pattern is for the monkeys to buy 0DTE OTM calls, likely 220. One can consider longs above VWAP with 220 target. Longer term swing target 225, 230 can be traded with spreads and take advantage of skew with OTM calls trading at higher IV. Risk is selling continues hence risk management key.