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Swing Trade Ideas – September 22, 2026

Date: Sept 22, 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 –slightly positive set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond +0.35%  Currencies:  USA$-0.02% CAD +0.04% YEN +0.24%  BTC/USD-0.64%  Vix:17.7
• Events USA: 2Y auction 13ET
• Stock News  ONON+6% AZO+0/77% Earnings
  Comments Global equity indices are higher premarket. Macro driver continues to be oil lower on hopes and wishes that meeting between USA and China can dig Trump out of the middle east hole and energy shortages can magically recover. Monday AI semis squeeze led by META and NVDA lifted QQQ and SPY above the weekly expected move with META move one for the ages with a 3.8 SD move (0.014% probability). Today the baton is transferred to China, software, consumer names at the expense of semi/AI. China is a leading  sector with BABA (Mon idea of the day) +3.9% ahead of XI meeting and announcement of a new AI accelerator. SHOP is +4.9% with an agreement to integrate SHOP PAY with the now viral META MUSE.   MAGS are led by MSFT TSLA GOOGL with NVDA META taking a small breather. Monkeys are buying software with MSFT NOW CRWD large cap names to watch. IWM has been pummelled and is leading premarket which can indicate a short squeeze or a bet that yields will fall, oil will fall and the geopolitical mess will be solved. Transports, cruise, airlines are higher premarket and can benefit from shorts covering or magical thinking but can make large moves for short term agile traders. SPX 0DTE is well supported with 7800 upside target and 7700 potential support. If semis/AI are rotated out, it may calm down the SPY upside move due to the market cap.
  
  Stock MSFT NOW SHOP BABA  NVDA AMD OXY  Speculative VKTX AAL  SECZ AXTI
  Indices KWEB IGV XBI IWM IYT UNG XLY USO XLE DRAM ETHE SMH IBIT SMH SLV GLD

S&P500  CCL NOW NCLH ORCL UAL NKE MRNA COHR AMD MRVL INTC OXY MU QCOM HOOD  
Other VKTX ONON SHOP GME BABA AAL FIG RKT SOFI RKT  CLDX SECZ ERIC AXTI FRO ASST NOK DHT BMNR

SHOP

SHOP was a long idea of the day Sept 11 and then targeted 140 as a high call level. There are now large call positions at 145 and 155 and with SHOP above 145, can target 160 with 157 the Aug highs. Stock has made a huge move between Mon and Tues premarket so need to be careful chasing.  Analyst targets 145-200 with GS 194 target.