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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 –  Negative equity global set-up

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

•Yields: Yields are lower

•Currencies:  US $ .08%;

•News: USA: PMI at 9:45 ET Europe: MFG PMI miss, Services PMI beat Canada: Retail sales at 8:30ET

Stocks CSX 2.5%, ASB +2%, PG 2%, SAP 1.7%, SLB +0%, HCA +5%, ALV -5.5% EPS  AMZN Whole Foods Layoffs

•General: Leading: Oil, volatility, staples Lagging: China Internet, Gold Miners, lithium

•Overview: Global indices risk off. SPY 411.5 displays support of 411,410, and 405 with the resistance of 415, and 420. SPY expected move +/- 2.1. QQQ 315.6  with resistance of 319, and 320 displays support of 316, 315, and 313. QQQ expected move +/- 2.2.  Equity setup is mildly negative with global equities lower but US$ and yields are relatively unchanged. Watch SPY 310 and QQQ 315 as key bull/bear levels.  FAANGMT mixed premarket: AAPL weak at a key level and AMZN strong potentially on Whole Foods layoffs

•Stocks to watch HCA, PG, CSX, XPO, AZN, AMZN, AAPL, ALB, FCX, NEM  Spec Names  WISH

Pre-800ET
Earnings CSX, OZK, PPG, XM, ALV, FCX, HCA, IBN, PG, RF, SLB

Indices USO, XLV, VXX, XLP, KWEB, GDX, LIT, EEM, GLD, XME, XLK, SMH

S&P500 HCA, CSX, PG, ALB, AAPL, META, FCX, LIN, NEM

IWM NTLA, FRO, LTHM

WSB COIN, BABA, CLF

Movers HCA, FMS, THC, CSX, PG, XPO, ALC, NVO, SAP, BTI, AZN, NVS, COIN, SQM, ALV, RIO, ALB, BHP, ZIM, VALE, ABNB, MT, PDD, STLA, ING, JD

Trade Idea: AMZN

In my opinion, AMZN is strong in premarket, potentially due to Whole Foods layoffs or rotation to compensate for AAPL weakness. Premarket high 105.5 can be used for a momentum breakout or pullback > 105. Expected move today +/-1.3. High open interest at 107 may act as resistance.