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Swing Trade Ideas – November 3, 2026

Date: Nov 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,  Oil, natgas, Gasoline  AGGS,  Bitcoin
• Yields: 30Y Bond +0.46%  Currencies:  USA$+0.11% CAD +0.06% YEN -0.20%  BTC/USD+0.95%  Vix:20.4
• Events USA: JOLTS, Factory Orders 10ET
  Stock News  ETN+1.3% VRTX+1.2%    AAPL-3.8% PLTR-8.8% SHOP-16% KDP-3.4% DT-14% DOCN-8%   Earnings  

Comments USA indices are flattish with QQQ leading with AI/Semi bouncing premarket following Mon selling and similar to Mon trade where premarket lift was a set-up for selling. Semi moved lower Mon with the updated Anthropic S1 which indicated revenue growth slowing in the last quarter as token maxing has slowed. AAPL is weakest MAGS with weak China sales and margin pressure from memory an issue.  PLTR, SHOP, DT, DOCN lower post earnings is weighing on the software space and could explain the counter move in semis. PLTR and SHOP earnings look ok IMO so seems like a valuation or sell the news issue so look for continuation or bounce.  Oil is higher after a sharp drop on report that Vance had sent a proposal to Iran but not pricing in Trump making good on the threat to attack after midterms. Volatility is elevated ahead of midterms and barring Trump nuking Iran or post election unrest, vol should fall which can result in a strong bounce. Caveat is market makers are positioned negative gamma and CTA first sell triggers have fired so weakness can lead to acceleration lower. Option strategy to trade such moves are upside call flies 1-2DTE into 7700 and downside flies to 7400 which looks to be more solid support. In today’s trading SPX 7500 is the trigger level and corresponds to the put wall.  Yields sharply higher and US$ higher is weighing on metals and commodities and energy higher is weighing on European names. Vix futures are short term inverted likely due to midterm and Trump threats to continue war is a risk signal which can lead to a bounce or further downside hence the idea of trading either direction

Stock  NVDA FISV RTN    AAPL SHOP PLTR KDP NOW   Speculative  DT DOCN
Indices DRAM SMH EWY AIPO ETHE MSOS UNG IYT ARKG IBIT SLV IGV GDX XME XLP XLF GLD MAGS
S&P500 FISV BE SNDK MU INTC AMD MRVL AVGO NVDA  PLTR AAPL NOW
Other JD CRWV NBIS TSM RKLB SHOP DT DOCN

AMD

AMD is the big AI/semi name reporting after the close. Positioning is leaning to puts and after INTC move likely hedges are in place. Expected move +/-44.5. Technically there is a large volume by price gap below 450 to 250 as AMD has risen 140% since March with the AI meme strong. AMD with a PE 125 is susceptible to a larger than expected move in either direction. Butterflies broken wing are ways to trade with high reward/risk are potentially OTM spreads.  AMD forecasts will move the AI/compute space.