.

Color Key: Positive – Neutral – Negative

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

Underlined text – higher volume premarket

·          Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  mild negative  equity global set-up

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

·         Yields: Yields are flat

·         Currencies:  US $+.23%

·         News:  USA: Housing starts at 8:30 ET; FOMC Williams&Barr at 11:45 ET China: Rate cut too little for market EUR: German PPI m/m  -1.4% vs 0.3%

·         Stocks PYPL +2% biz sell, buybacks  COHR/LITE +5% COHR upgrade INTC +1% momentum TSLA +.3% Moneyflow  GOOGL -.39% money leaving   China Rate cut not enough, China internets being hit hard

·         General: Leading: bitcoin, Brazil, Volatility, Oil  Lagging: China internet, Europe, materials, regional banks

·         Overview: USA SPY 438 displays support of 436,435, and 430 with resistance at 440, and 445. SPY expected move +/- 2.1. QQQ 366 with resistance at 370 and displays support of 365, and 360. QQQ expected move +/- 3.5.  Global equities are weak and US$ stronger and yields lower is a slight negative macro set-up. Week after Opex tends to have increased volatility and China disappointing rate cut and Powell speaking Wed is a setup for pullback/consolidation after last week’s short squeezes. Williams speaking at 1145 ET may be market moving as market squeezed higher post FOMC hawkish pause. 

·         Stocks to watch PYPL, PBR, PM, CCL, TSLA, INTC, COIN, BABA, AAPL, AMD   

Spec Names  ATMU, LITE, COHR

Pre-800ET
Earnings 

Indices /btc, EWZ, VXX, UUP, USO, KWEB, FEZ, XLB, KRE, EEM, EFA, XLE, XLV, XLF, XLU, XLP, XOP, GDX, XRT

S&P500 PYPL, CCL, PM, NKE, DOW, FCX

IWM RIOT, ACLX, SMCI, ENVX

WSB RIOT, COIN, BABA, PLTR, AFRM, PLUG, F

Movers LITE, COHR, SNY, PBR, MLCO, PYPL, RIOT, PM, CCL, COIN, ACLX, XPEV, PDD, ALV, JD, BILI, MT, JKS, STLA, STM, NKE, CRK, PLTR

·          

Trade Idea: PYPL

In my opinion, PYPL is in play with sale of BNPL European biz to KKR and a $1B increase in buybacks. Multiple call buys of Jul 21 72.5 calls. Premarket high 67.92 can be used for a momentum long or pullback >= 67.5