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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

Color Key: Positive – Neutral – Negative

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Positive equity global set-up

•Commodities:  Gold, Silver, Oil and natgas, Grains, Industrial Metals

•Yields: Yields are lower

•Currencies:  US $ -.2%; $Euro +.24%

News: USA: GDP, UE claims at 8:30 ET,  Kashkari at 13:00 ET, Yellen at 15:45 ET ;
 Stocks SCHW -1% downgrade, WMT +1.5% upgrade, JNPR +2.6% upgrade, FLNC +5.7% upgrade, ROKU +2.8% job cuts, SPWR +2.6%, ENPH +1.5% upgrade RH -6% -guidance  Usual Suspects: FAANGMT: AMZN +.7%, TSLA +0.6%, AAPL +.27%, MSFT +1%, NVDA 0.9%

General: Leading:  Clean energy, gold miners, energy, spec tech, small cas Lagging: China internet, US$

Overview: USA continued to squeeze overnight and are stretched premarket. SPY 403.8 has support of 400, and 395 with resistance at 405. SPY expected move +/- 2.3. QQQ 314.8 with resistance at 315 with the support of 310, and 305. QQQ expected move +/-2.8. Indices are again positioned for a short squeeze with caveat that GDP and UE claims are pending; SPY is at the top of the expected move for week and 0DTE option trading has been driving markets in the absence of hard data.  SPX 4050 is upside strike with 4065/4070 a likely upper limit and 4000 major support below. Solars and clean energy potentially in play today if market remains risk-on

Stocks to watch WMT, INTC, BABA, ENPH, ROKU, JNPR, SCHW, RH  Spec Names SPWR, FLNC, NEOG

Pre-800ET
 Earnings MANU, NEOG, AEHR, CXM, RH, SMTC

Indices ICLN, GDX, XLE, ARKK, USO, EFA, IWM, SOXX, EWZ, SMH, XLB, TAN, XLF, DIA, KWEB, UUP

S&P500 JNPR, NCLH, LUV, IPG, PM, WMT, RCL, NEM, DVN, AAL, FCX, DAL, SCHW, PK

IWM FLNC, NEOG, ENVX, SPWR, AI, APLE, ADTN, SMTC, BXMT, BTU, XHR, BBIO

WSB PLUG, COIN, AI, UPST, RIVN, AFRM, NLY

Movers CXM, AU, PHG, FLNC, OSH, KSS, NEOG, GFI, BHP, WB, PUK, LOGI, ENVX, PLUG, CSIQ, ASML, EQNR, MT, RIO, UBS, JNPR, SMTC, RH, VKTX, NLY, BIDU, W, PK, SNN, SCHW, BBIIO, FUTU

My Trade Idea: WMT

In my analysis, WMT is in play on an upgrade and potential for rotation into staples. Premarket high 147.28 can be used for a momentum long or a pullback > 145