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Swing Trade Ideas – September 2, 2026

Date: Sept 2, 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 -0.29%  Currencies:  USA$+0.15% CAD -0.11% YEN -0.12%  BTC/USD-1.24%  Vix:16.8
• Events USA: ADP jobs 830ET  CDN: BOC rate decision 830ET
  Stock News GTLB+20% SBSW+4% DELL+7.7%   MDB -12% CRDO -9.5% PANW-2%      EPS
  
  Comments Global indices are lower as higher global yields and continuing SoH war are weighing on equities. USA tech is leading USA to the downside with weakness in both software and semis. MAGS are led by AAPL which has been acting as a safety trade with MSFT weakest as software pulling back. DELL higher with guidance raise with AI server business strong. HPE, SMCI, CLS (Canadian) may move in sympathy with DELL.  MDB and PANW earnings beat but stocks lower with MDB notable drop. ZS, FTNT and other security stocks may move with PANW.  Indicates that stocks with strong price gain are susceptible to pullback despite the earnings beats. MDB is a potential bounce trade but risky. ATD Canadian name earnings beat and potential bounce. GTLB move above the expected move and potential to squeeze. ADP jobs data premarket may be market moving. SPX 0DTE is indicating positive gamma above and below price with potential resistance  7650 7675 and support 7600 7575. QQQ put wall 700 is a key level to watch. The intraday risk is further developments in the SoH as was seen Tues intraday. Market is becoming less sanguine to the attacks and correlation between stocks is starting to increase which is a caution signal. SPX breadth: 33% > 20sma 48% > 50sma 65% > 200sma so short term breadth is weakening and lowest since April and note SPX is higher which indicates that the largest market cap companies are supporting the index.
  
  Stock DELL HPE AAPL  PLTR ORCL MDB  Speculative GTLB   CRDO
  Indices GDX SLV XLV   ETHE USO IBIT /CL IGV SMH QTUM XLK QQQ

S&P500 DELL HPE UBER NTAP DAL   DDOG MRNA MRVL PANW NOW WDC COHR PLTR GLW LITE COIN
Other GTLB SBSW TEVA ASTS NVO  MDB CRDO FCEL UMC PURR FRVO ASST EQNR NBE IREN AXTI

AVGO

AVGO reports after the close and an important name for the AI/semi sector.  Option positioning is bullish with an expected move of +/-29. AVGO is at the 200sma and has been consolidating since falling in June. Butterfly trades are inexpensive  way to trade directionally. AVGO earnings are likely to be better than expected but market move unpredictable since good earnings have been sold.