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Swing Trade Ideas – September 3, 2026

Date: Sept 3, 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 –neutral set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond +0.12%  Currencies:  USA$-0.32% CAD +0.21% YEN +1.6%  BTC/USD+0.32%  Vix:16.64
• Events USA: Services PMI 945ET
  Stock News SNOW+23% NTSK+10.6% CIEN+1.3%    VSXY-16.9% CPB-5% HPE-4.3% AVGO-3.7%      EPS
  
  Comments USA indices are flattish premarket with DIA leading and QQQ lagging. Earnings names driving the market. SNOW 2x expected move higher lifting software; CIEN, HPE, AVGO all had positive earnings and forecasts which is positive for AI demand but stock reactions mixed with CIEN higher (networking), HPE and AVGO lower with HPE flagging memory shortage. Stocks that have been strong performers need superlative forecasts to continue higher. VSXY slammed with a slightly lower forecast indicating harsh treatment if miss. CPB lower with earnings miss and more importantly a dividend cut. MAGS led by META which was an outperformer Wed and MSFT which benefits from the algos buying software and selling semis which is hurting NVDA.  AAPL lower premarket and TSLA higher and note that every morning the algos buy calls in TSLA, NVDA and AAPL and question is which one runs. AAPL tends to do better when the remainder of MAGS are weaker. Oil continues to rise as Iranian war continues to bubble but 10Y is lower which is counter recent moves. Yen is higher as BOJ talks hawkish and fear of intervention increases. Higher Yen is often good for gold and silver, which are higher and miners are higher premarket. Note that higher yields are usually negative for miners and yields are usually correlated with oil. SPX 0DTE is well supported with upside target 7720 and downside support 7630 and potentially a low move day with reversion to the mean with caveat that aside from ISM services 945ET there is a scarcity of economic news and susceptible to tweets and actions in the middle east.
  
  Stock META TSLA SNOW GDX  HPE AVGO NVDA  Speculative NTSK GFI    VSXY
  Indices /CL GDX IGV GLD IBIT XLE SLV ETHE   DRAM KWEB SMH XBI UUP XLK

S&P500 NOW HOOD CRWD CIEN UBER   HPE AVGO MRNA SMCI DELL MRVL SNDK
Other SNOW NTSK ASST GFI PATH NVO RELX CDE HL B MSTR  RARE VSXY CPB IREN JD BABA AXT

TSLA

TSLA option positioning is set-up for squeeze with calls at 365 and 370 . Each morning they load up on TSLA calls with caveat that there is no guarantee that they will be successful. There is a cybercab event after the close today which may lead to buying into the event and question is whether it is a success or a failure Fri. Butterfly trades are low cost reward/risk strategies to bet on or against Elon. Can TSLA gap fill, we will see.