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Swing Trade Ideas – September 28, 2026

Date: Sept 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 – Positive set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, Gasoline  AGGS,  Bitcoin
• Yields: 30Y Bond -0.36%  Currencies:  USA$+0.14% CAD -0.17% YEN +0.14%  BTC/USD-1.3%  Vix:17.75
• Events USA: Durable goods 830ET Consumer sentiment 10ET; China-USA meeting ongoing. Extended tariff truce for 2 months
• Stock News NVDA+1.8% Buyback $150B
  Comments USA indices lower premarket with QQQ leading to the downside and RSP outperforming. Macro driver is higher oil as Trump rejected Iran latest offer and Iran attacked tankers to refute USA claim that USA controlled the SoH. Yields higher with oil higher along with US$ which is generally negative for equity and precious metals in general. Gold and silver major move lower and gold miners are 2x expected move lower. MAGS are led by NVDA which is potentially setting a record for stock buyback and rumour that Beijing may allow some buying of NVDA GPUs.  Remainder of MAGS are lower with META leading to the downside after a massive move last week. OpenAI has a development meeting Tues and potentially will be announcing a product to compete with MUSE which may impact META. AAPL and MSFT are lower but outperforming QQQ and both were strong Fri and worth watching today. AI/semi names are all lower and question whether dip will be bought. End of quarter is approaching and window dressing usually supports winners like semis but risk of reversal once the quarter is over. SPY tested the lower daily expected move premarket and currently bouncing. One can use 769 as a pivot level which is the zero gamma level. SPX is supported down to 7680 with negative gamma above 7710. Positioning is leaning on calls across indices and major stocks and monkeys want to push stocks higher into end of quarter so odds favor nothing short of alien invasion preventing dips from being bought:)
  
  Stock NVDA NFLX APP  GDX MU SKHY  Speculative VG TTD  GFI
  Indices USO XLE KWEB UUP    GDX SLV GLD DRAM UNG AIPO ARKK XME QTUM SMH IBIT ARKG

S&P500 APP NVDA RCL NFLX  FCX SNDK ORCL META BA BE MRNA INTC DELL GLW COHR SMCI HOOD MRVL 
Other KOD VG BP BILI SHEL BEKE TTD ZTO   GFI AU HMY SBSW RBLX EQX SKHY PATH AXTI SNOW CRDO

NVDA

NVDA higher with a potential $150B share buyback and potential that Beijing may allow TikTok and BABA to buy NVDA chips (unconfirmed). NVDA option positioning  has support/resistance at 728 and long calls at 730 which can lead to a squeeze. NVDA has 0DTE options today so potential to squeeze if the monkeys buy calls, expect monkeys to buy 132.5, 135 calls at the open but would look for a pullback at the open to stop out the premarket crowd.  NVDA call skew is supports call verticals. Semis are weak premarket with and can also look for whether the BTD crowd will step in or the single stock crowd will be shopping for MU ahead of earnings this week or DRAM as there is a Pavlovian response to semi dips. AMD, ARM, MRVL are other faves of the monkeys.