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  • Swing Trade Ideas – September 29, 2026

    Sep 29, 2026 Uncategorized Comments Off on Swing Trade Ideas – September 29, 2026

    Date: Sept 29, 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, Gasoline  AGGS,  Bitcoin
    • Yields: 30Y Bond +0.3%  Currencies:  USA$+0.06% CAD -0.05% YEN +0.2%  BTC/USD+1.1%  Vix:17.5
    • Events USA: Jolts and consumer confidence 10ET;  CAD GDP 830ET
    • Stock News CCL+0.8% KMX+5.8% JEF-0.5% Earnings  
      Comments USA indices slightly higher with oil slightly lower but middle east uncertainty continues. AI/semi names are bouncing and the long semi vs software trade continues. AMD bought an AI model startup for $8B to compete with NVDA and AMD & NVDA met in the WH to lobby for reduced export restrictions to China. MAGS are led by MU which reports Wed and Korea traders are back from holiday and buying memory. Slight risk-on set-up with bitcoin, gold miners and biotechs bid but with caveat that it’s an inverse oil/10Y yield trade which are susceptible intraday to news bites. SPX 7700 is the most dominant 0DTE position and can be used as a pivot. Option positioning continues to lean into calls and IV remains low in the indices and major stocks so traders are looking for upside into EOQ disregarding the macro.

      Stock AMD NVDA BE HOOD KMX  XLE     Speculative ARKG    
      Indices ETHE DRAM GDX SMH IBIT XME ARKG ARKK XLK QQQ   USO XLE UNG KWEB XLP IGV

    S&P500 BE GEN COIN KLAC AMAT HOOD MU MRVL AMD MCHP NFLX WDC META  
    Other SMMT IOVA NVTS FCEL KMX GFI BMNR ASTS PURR MSTR STM  QURE EQNR KOD BP LI BTI





    NVDA

    NVDA is a proxy for the semi/AI trade now supported by a record buyback.  Jensen was in the WH looking for export restrictions to China to be eased. NVDA usually has OTM call buyers at the open which will be targeting 132.5/135 calls so potential for a bounce but equally can see retracement. 130 is a key level which can be used as a pivot. AMD CEO was also in the WH meeting and announced acquisition of an AI company which may be a catalyst.

     

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