Market Recap: Last week SPY 0.00%↑ was down 2.54%, QQQ 0.00%↑ was down 2.35% and small-caps IWM 0.00%↑ was down 3.47%.
Sector Performance: Leading sector was Consumer Staples, down only 0.57%. Weakest sector was Energy, down 4.08%.
Earnings Spotlight: NVDA 0.00%↑ MRVL 0.00%↑ CRM 0.00%↑ COST 0.00%↑ AI 0.00%↑ DELL 0.00%↑ OKTA 0.00%↑
Trade Ideas: CPRT 0.00%↑ QBTS 0.00%↑ RUN 0.00%↑ MOS 0.00%↑ RCUS 0.00%↑
🔍This Week’s Top Swing Trade Ideas
Charts with annotations are provided below. Take your time to review them.
$SPX retraced some of its recent gains last week and is currently sitting on the 200-DMA. If it breaks below, the gap down to 5,700 will be filled.
Note that NVDA 0.00%↑ will be reporting on Wednesday after the close, so market sentiment will be highly correlated to the expectations and results of this earnings report.
🚗CPRT: Copart, Inc., Online Vehicle Auctions
⚛️QBTS: Quantum Computing Inc., Quantum Computing Software and Services
☀️RUN: Sunrun Inc., Residential Solar Energy
🌱MOS: The Mosaic Company, Fertilizers and Agricultural Chemicals
🧪RCUS: Arcus Biosciences, Inc., Biotechnology (Oncology)
Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Cool. You don't see nearly as many swing traders on here as you do Buffeteers.