.

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 –  Neutral equity global set-up

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

·         Yields: Yields are lower Currencies:  USA -.24%  

·         News:  China govt plan measures to increase growth USA Durable goods at 8:30 ET; Consumer Confidence 10:00 ET CDN CPI 8:30 ET

·         Stocks  WBA -8% Earnings  KWEB +2.3% China stimulus U +4.5% Upgrade 48 target  K -2.6% GS upgrade GOOGL -0.85% downgrade 125 SNOW +3.5% development deal with NVDA LCID +4% Saudi Investment

·         General: Leading: KWEB, /btc, ARKK, KRE, EEM, SOXX, IPO, ARKQ, EWZ  Lagging: /USO, DBC, XLE, vxx, UUP

·         Overview: USA SPY 431.7 displays support of 430 and with resistance at 435, and 445. SPY expected move +/- 1.8. QQQ 359 with resistance 360, 365, 370 and displays support of 358 . QQQ expected move +/- 2.5.  Neutral global equity set-up but yields lower and US$ lower is generally positive. Move lower in US$ is providing a boost to commodities after poor performance last week. QQQ and spec tech are bouncing but remain in downtrend with META and AMZN leading and GOOGL lagging. Macro setup is marginally positive with US$ lower but global equities are mixed and commodities are weaker.  SPX4320 is a potential magnet with JPM collar roll Friday. Potential for weakness/chop today.  Equities remain are technically weak but flows tend to improve into EOM and EOQ. Keep your head on a swivel.

·         Stocks to watch  AMZN, META, BABA, COIN, K, SNOW, WBA, GOOGL, DVN    Spec Names  U, IONQ, BILI 

Pre-800ET
Earnings WBA

Indices KWEB, /btc, ARKK, KRE, EEM, SOXX, IPO, ARKQ, EWZ, KIE, faangmt, USO, DBC, XLE, vxx, UUP

S&P500 K, META, TSLA, DAL, WBA, DVN, CVS, HST, TGT, SLB

IWM AEL, ENVX, MARA, RIOT, AI, IONQ

WSB RIOT, AI, COIN, BABA, UPST, TSLA, AFRM, PLTR

Movers AEL, ENVX, BILI, SNOW, U, MARA, RIOT, PDD, JD, COIN, XPEV, AI, BABA, META, TSLA, IONQ, SNAP, WBA, CVS, BP

Trade Idea: AMZN

Potential outperformer with positive option flow. 129 and 130 is potential resistance or breakout level from call positioning. In my opinion. premarket high 128.8 can be used for a momentum long. Market is not strong so take care. QQQ should be > 360 to confirm.