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Swing Trade Ideas – August 27, 2026

Date: August 27, 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

Market Setup- Pre-730ET

Global Markets:  USA, Europe, Japan, China, Hong Kong –slight positive set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond -0.03%  Currencies:  USA$+0.05% CAD -0.2% YEN -0.04%  BTC/USD+1.66%  Vix:17.1
• Events USA:7Y auction 13ET Korea: Raised rates  Jackson Hole begins today
• Stock News NVDA+7% CRM+11.6% CRWD+9% NTNX+6.3% DG+11.6%     HPQ-10% DLTR-4.6% HMY-6.1% HPQ-10.3% DLTR-4.2% BBY-3.5%    EPS
  
  Comments USA indices higher lifted by tech stocks post NVDA, CRM earnings.  NVDA beat as expected but more importantly provided 70% sales growth forecast which reinforces the meme that AI spending continue until the sun burns out or the bond market balks. CRM moved above the expected move with a large earnings beat and a modest revenue beat with like the hyperscalers, booking investment gains as earnings. AI attributed growth was strong so reduces concerns that software will be cannibalized by AI. SPX correlation remains low which means when a large company like NVDA makes a big move, other names need to decline. MAGS reflect this with MSFT AMZN AAPL, GOOGL, META lower but NVDA, semis and cloud software names like NOW; AI names like COHR GLW AXTI NBIS CRWV and quantum back in fashion. Bitcoin higher so monkeys chasing COIN HOOD. Bulk of S&P sectors are lower premarket and what to watch is whether the tech pop will hold or a rotation back into the other sectors will occur. Canadian banks TD, RY, CM, EQB reported and TD IMO had the strongest report with Canadian and USA banking segments strong and based on technicals potentially more upside than RY. SPX 0DTE 7700 is a line in the sand with upside resistance 7740 and support 7675. Positive gamma means that SPX may be constrained and with Jackson Hole speech by Warsh Fri, traders may take it easy (aside from AI monkeys). Reaction to Warsh may go in either direction and one can consider cheap put flies and Sept Opex cheap call structures
  
  Stock NVDA CRWD CRM MRVL    DLTR BBY MRNA HPQ  Speculative AXTI IREN
  Indices DRAM SMH IGV AIPO XLK ETHE IBIT QTUM   XLF XLP XLV XLC XLE

S&P500 DG CRM CRWD NVDA WDC SNDK MU MRVL COHR SMCI GLW INTC NOW COIN HOOD AMD  HPQ  DLTR BBY
Other AXTI NBIS CRWV PURR IREN BMNR NOK MSTR   PUK

MRVL

MRVL reports after the close and is a major player in the AI semi space. Long track record of missing earnings and earnings reactions which can be 2x expected move. One can consider broken wing flies or potentially OTM spreads for directional trades with high reward to risk. MRVL may be winning the GOOGL biz from AVGO so a strong MRVL report may be negative for AVGO.