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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 Positive equity global set-up

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

·         Yields: Yields are higher

·         Currencies:  US $ +.24%

·         News: USA: UE claims, Philly FED  8:30 ET; Existing home sales, FOMC Logan 10:00 ET; Canada: Macklem 11:00 ET

·         Stocks WMT +1.4% EPS; GOOS, TTWO, BBWI, BEKE SONY EPS beat strong movers; CSCO -3.6% cautious forecast; TSLA is at a squeeze level.

·         General: Leading: regional banks, spec tech, semis Lagging: volatility, gold miners, euro

·         Overview: USA SPY 415.8 support levels at 412.35, 410, and 405 with resistance of 415 and 417.3. I expect the SPY to move +/- 2.1. QQQ 331 displays a resistance of 330 and 328 with support of 325, 320, 316, and 315. I expect QQQ to move +/- 1.88. Macro setup is negative with yields higher and US$ higher but global equities are higher chasing US move Wed. QQQ, IWM, NVDA, AMZN, GOOGL, META are above or at the top of my weekly expected moves, so statistically in my opinion they are more likely to pause or retrace. Today is setup like Wed for a short squeeze but I will be on the lookout for a reversal as puts may be closed and now in a window with loss support into Fri open. 

·         Stocks to watch:  TTWO, BBWI, MU, WMT, TSLA, BABA, CSCO Spec Names: NEWR, BEKE, AI

Pre-8:00ET
Earnings: DBOOT, CSCO, STNE, WMT, TTWO, GOOS, BBWI, CSIQ

Indices: KRE, ARKK, SMH, SOXX, XLY, IWM, QQQ, UUP, VXX, GDX, GLD, euro

S&P500: TTWO, BBWI, NOW, MU, CMA, WMT, ALB, NFLX, NVDA, ZION, PARA, TSLA, HBAN, FDX, CSCO, MMM, WBA,

IWM: RMBS, AI, DOCN, BOOT, ABR

WSB: PLTR, AI, AFRM, NVDA, TSLA, BABA

Movers: GOOS, TTWO, BBWI, BEKE, CSIQ, SONY, WAL, PLTR, AI, SNOW, MU, FHN, WMT, CVNA, NFLX, LI, AFRM, NVDA, TSLA, BOOT, CSCO, GFL, SQM, ABR, FUTU, JD, BTI, BIDU, RIO

Trade Idea: TTWO

In my market analysis I see a potential long idea with catalyst short squeeze post earnings. Premarket high of 142.6 can be used for a momentum long or pullback>=140.  High call positioning at 149 may be a target. Caveat: very extended, this is a short squeeze, not a fundamental play. Dark pool trade at 142.5 can be used as a reference level.