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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 –  Mild Negative equity global set-up

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

•Yields: Yields are flat

•Currencies:  US $ +.11%; $Yen +.13%, $AUD -.6%

News: USA: ADP jobs at 8:15 ET; ISM services PMI at 10:00 ET;  Europe: Final services PMI 53.7 vs 53.9; German factory orders 4.8% vs 0.2%
•Stocks AI -3.8% short report JNJ +2.6% potential Talc settlement; CAG -.2%, DLO -9%, EPS FDX +2.8% restructure, BROS +3.5% upgrade  Usual Suspects: NVDA -1.8%, AMD -1%, GOOGL +1.4%

•General: Leading:  Volatility, healthcare, bonds, and gold miners Lagging: Regional banks, semis, and materials

Overview: USA indices had a small pullback overnight. SPY 408 with support of 405 with resistance at 410, and 415. SPY expected move +/- 2.0. QQQ 319 with resistance at 320, and 325 with support at 318, and 315. QQQ expected move +/-2.0. Indices pulled back Tues from overbought conditions with weaker Jolts report catalyst. Weakness in industrials, financials and material reflect economic slowdown concerns. Large cap tech is acting as a hiding place and today GOOGL is getting a bid. Healthcare is a potential long sector with UNH and JNJ providing a boost. SPY 407 is a key level to hold with potential for a larger drop below. ISM services at 10:00 ET key market moving data point

Stocks to watch JNJ, FDX, WMT, GOOGL, TLT, NVDA  Spec Names AI, BROS

Pre-800ET
Earnings CAG, DLO, SMPL

Indices VXX, XLV, LIT, TLT, UUP, USO, GLD, SOXX, EFA, euro, XLF, faangmt

S&P500 ZION, FDX, JNJ, SEE, CAG, GOOGL, NVDA, ALB

IWM FLNC, LTHM, AI, PGTX, XPOF, SMPL

WSB BROS, COIN, AI, NVDA

Movers FLNC, ZION, BROS, AU, JNJ, LTHM, FDX, SLM, GFI, BP, SEE, CAG, NVS, GOOGL, HDB, COIN, DLO, WAL, AI, PGTX, ONON, ALB, STM, XPOF, BE, NVDA, MT, STLD

Trade Idea: XLV

In my opinion, healthcare is a potential safety trade sector. UNH CI have upgrades today and JNJ has Talc settlement boost. Prefer on pullbacks