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Swing Trade Ideas – November 5, 2026

Date: Nov 5, 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 +0.14%  Currencies:  USA$+0.05% CAD -0.03% YEN -0.01%  BTC/USD-0.51%  Vix:17.9
• Events USA: Jobless claims 830ET  UK: Rate increase
  Stock News   APP+10% MET+2% SONY+2% DUK+2.4% NTDOY+6.8% UBER+3%    COHR-6% SU-4.5% PH-3.7% COP-5% QCOM-10% ARM-13% EXPE-7%    Earnings
   

Comments USA indices are mixed post the Monday midterm squeeze.  QQQ is lower with continued pressure on the AI/Semi trade and high beta tech. QCOM and ARM lower post earnings as is COHR which weighs on the semi and optical spaces. MAGS are led by AMZN GOOGL META and TSLA, NVDA continue lower as the general theme is to sell Elon and AI data centers and buy consumer.  Oil substantially lower post midterms has lifted the consumer stocks on the notion that somehow the Iran situation will be magically resolved but so far the magical thinking is not backed by public news. Foreign equity are moving in different directions: Korea and Taiwan lower with semi weakness; Europe higher on lower oil and potential for less tariff wars and Hong Kong higher with govt stimulus and lower oil. The US$ lower since midterms has been lifting metals and foreign stocks. NFP Fri and CPI next week can impact US$ and yields. UK raised rates which can help lift global yields. SPX 0DTE support 7700 and minimal support below 7690 and resistance 7735 and 7800 above. While index is supported can continue to see upward squeezes in the non-AI/semi names like healthcare, financials that are mechanical flow related and not reflective of the underlying businesses. APP, U are 2 high flyers to watch

Stock  AMZN GOOGL BABA UBER    QCOM NVDA ARM  Speculative  PDD CRWV NBIS SKHY
Indices KWEB GDX XLC XLP XLF GLD XLE XLV UFO XRT XLY MSOS DRAM NUKZ EWY SMH ARKG AIPO QTUM
S&P500 APP UBER AMZN NFLX GOOGL F META  QCOM SNDK BE DELL LRCX MU AMD LITE MRVL SMCI GLW COHR
Other U BABA TCOM GFI JD LI PDD HMY BIDU HL SAN UMC ASX FIG ARM SKHY NBIS CRDO CBRS CRWV AST

BABA

China stocks have been extreme laggards but are lifting with China stimulus, lower oil and a weaker US$. BABA upside targets 112, 115 and largest position at 120 should it continue. Stock is short term extended and may stall or pullback but maybe the Asian speculators who are stopped out in Korea will shift.