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Swing Trade Ideas – November 6, 2026

Date: Nov 6, 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: NFP 830ET Consumer Sentiment 10ET  CDN: Employment report 830ET OMI 10ET
  Stock News   ENB+1.3% MRNA+6.7% VST+3.2% ABNB+13% NET+19% AKAM+4.5% IREN+14%    MNST-3.6% NTRA-14% TEAM-17% AFRM-5% BIP-2% DKNG–16%    Earnings LRCX bouncing with $25B buyback
   

Comments USA indices broadly sold off Thurs led by selling in AI/Semi that looked like fund liquidation. Overnight Korea market triggered circuit breaker before govt intervened and now Korean ETF is higher premarket. QQQ is leading with a bounce in semi/AI which is either BTD or short’s covering. LRCX is bouncing after announcing a $25B buyback to support the stock after getting killed on concerns of a semi slowdown with AI slowdown.  USA non-farm payrolls may be market moving premarket but more importantly is whether the selling which looks liked forced selling continues. SPX positioning indicates negative gamma above and below price which can lead to strong moves in either direction. MAGS are led by NVDA with the semi bounce and TSLA, which along with SPCX has been sold post midterms due to the Elon. The dispersion trade is strong with the non tech sectors which have led e.g. XLP XLV lower.  Has momentum/tech bottomed or is it just a short covering bounce?   Post earnings movers: Higher ABNB NET IREN AKAM MRNA  Lower: TEAM AFRM DKNG MNST NTRA can watch for continuation or reversion. SPX positioning is negative gamma above and below 7355 pivot level. IV is very elevated which can lead to a strong bounce if it contracts but may be the start of a volatility explosion. The positioning is now indicating potential for 7100-7000 if the selling continues.  Potential for oversold bounce today but positioning can lead to lower levels until positioning changes or there is material news. Markets crash from oversold. *** NFP 165k vs 70k  CDN UE rate: 6.7% vs 6.5%  Impact: CDN$ lower;  TLT lower initially and then bounced; QQQ initially lower and bounced

Stock  NVDA MRVL ABNB NET   DKNG AFRM TEAM  Spec ulative  PDD CRWV NBIS SKHY
Indices DRAM EWY SMH EWT AIPO ARKQ QTUM XME XLK UFO MSOS ARKK  IPO XLP XRT XLV XLB
S&P500 LRCX SNDK COHR LITE MRVL AMD MU PFE MO NKE NFLX KKR KO T

QQQ

QQQ is 2 standard deviations below the weekly expected move with the sell-off in AI/semi.  Strangle approach around option positioning. Long above 660 and fade < 650 which is the put wall and can potentially act as support but a breach can lead to additional selling. QQQ volatility is 38 which is the highest level since April 2025 Iran war start. Potential for a vol event or a contraction in vol can lead to a strong bounce.