.

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

Market Setup- Pre-730ET 

Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Mild Negative equity global set-up

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

·         Yields: Yields are lower Currencies:  USA –.15% 

·         News:  USA: Retail Sales at 8:30 ET; Industrial Production at 9:15 ET; Canada: CPI at 8:30 ET

·         Stocks PINS +3.5% upgrade MS -.14%, BAC -.7%, SYF .39%  earnings  MASI -28% lower forecast; NVS +2.3% +forecast

·          General: Leading: XBI, VXX, XLY, GLD, /BTC Lagging: KWEB, USO, LIT, XLB, EFA, EEM, KRE

·         Overview: USA SPY 450.5 displays support of 450, 448, 445, and 440  with resistance at 450, and 455. SPY expected move +/- 1.7. QQQ 382.2 with resistance of 385 and displays support of 380, 378, 375, 370, and 365. QQQ expected move +/- 2.3.  Global equities flat premarket but lower yields and US$ are supportive. Retail sales will be market moving at 8:30 ET. FAANGMT are being led by NVDA but weakness in semi in general. Spec tech is flat but still some strength in AI stock names: AI, PATH, U. Financials are not positively reacting to recent reports with stocks like MS selling opening bounces, watch. Solars are showing some strength premarket RUN, SPWR, ENPH. China internets sliding post weak China retails sales numbers. Positive period for equities until Wed and scarcity of economic data today. Key levels SPY 448 and QQQ 378.

·         Stocks to watch  TSLA, NFLX, NVDA, ENPH, BABA, MASI    

Spec Names  PLUG, RXRX, PINS, RUN, RBLX

Pre-800ET
Earnings BAC, BK, HAS, MS, NVS, PLD, PNC, SCHW, SYF

Indices /btc, GDX, USO, GLD, DBC, EFA, KWEB, EEM, KRE, VXX, QQQ, SMH

S&P500 ENPH, VZ, SCHW, PNC, NCLH

IWM RXRX, SPWR, APLS, AI, ENVX

WSB PLTR, PLUG, AI, BABA

Movers RUN, RXRX, SSYS, PINS, NVS, XPEV, OPRA, INFY, SPWR, APLS, RBLX, ENPG, VZ, MRVL, SCHW, MASI, LITE, PNC, JD, TTD, NCLH, BABA

Trade Idea: PINS

Catalyst is an upgrade by GS and Key with targets of 32 and 35.  Earnings Jul 31. High call open interest at 30 (support) 31 and 32. In my opinion, premarket high 30.34 can be used for a momentum long or pullback >=30.  Speculative stock, and markets extended so take care