.

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 +.23%  

·         News:  USA Powell and major CB leaders speaking ; USA bank stress results at 16:30 ET Europe: German Consumer climate weaker

·         Stocks  NVDA -3.5% USA govt AI export restriction rhetoric negative for semis AMD  PINS +4.6% upgrade to 34 GIS -5.6% negative forecast weighing on staples; RETA +12% reg approval BA +1.5% 90% of China fleet resumed OSTK +5% bankruptcy buy approved

·          General: Leading: US$ Oil biotech  Lagging: /Semis bitcoin China_Internet volatility

·         Overview: USA SPY 435.4 displays support of 435 and resistance at 436.7, and 440. SPY expected move +/- 1.8. QQQ 3625 with resistance 365 370 and displays support of 362 and 360 . QQQ expected move +/- 2.4.  US equities are lower after Tues squeeze but strong Japan/Europe equities along with lower yields and lower US$ provide a neutral/mild positive setup. Semiconductors are weak after the latest USA govt potential semi restriction to China but it’s the third and traders have tended to ignore after a few days so be prepared for bidirectional price action. Central banker news today with Japan the key so may see volatility in bond/currency market.  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  BA, NFLX, PINS, NVDA, AMD, GIS    

Spec Names  OSTK PINS  

Pre-800ET
Earnings GIS

Indices UUP, USO, XBI, faangmt, EFA, SOXX, SMH, /btc, KWEB, VXX, EEM, GDX, XLK, GLD, QQQ

S&P500 BA, NFLX, GIS, NVDA, AMD, K, CAG, KHC, AMAT, MU, QCOM, MDLZ, AVGO

IWM RETA, OSTK, FRO, AXSM, SMCI, RIOT, MARA

WSB BA, NVDA, AMD, COIN, BABA, RIOT

Movers RETA, VKTX, OSTK, PINS, ZI, XPEV, FRO, CUK, LI, NFLX, AXSM, GIS, COHR, NVDA, AMD, MLCO, MRVL, COIN, SMCI, AU, JD, BHP, TSM, FCX 

Trade Idea: BA

In my opinion, BA is a previous long idea on the pullback with Spirit strike. News today is China is now flying 90% of its 787 and Spirit union is voting. Upside target 220 to close previous gap.