.

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 – Positive  equity global set-up

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

·         Yields: Yields are lower Currencies:  USA -.21% 

·         News:  USA: Advanced GPD, UE claims, Durable Goods at 8:30 ET EUR: Rate statement 8:15 ET

·         Stocks: Earnings:  META 10%, ENVX +12%, LRCX +3.8%, CMCSA +2.8%, ABBV +1.3%, MCD +1.6%,  HON -1.5%, LUV -5%   

·          General: Leading: SMH, SOXX, ARKK, QQQ, EFA, FDN, XLK, ARKF  Lagging: VXX, JETS

·         Overview: USA SPY 458.8 displays support of 455 452, 450, 448, 445, and 440 with resistance at 460. SPY expected move +/- 2.1. QQQ 383 with resistance 385, 390 and displays support of 375, and 370. QQQ expected move +/- 2.5.  Gap up starting at 3AM coincident with sharp drop in US$ which will be impacted by the ECB statement to be released premarket. META and LRCX earnings are leading to a surge in tech and speculative AI stocks. SPY and QQQ are above the expected move for the week and technically stretched short term with potential for trend to SPY 460 QQQ 385 should the ECB and USA GDP not dampen the US$. 

·         Stocks to watch  META, AMZN, NVDA, MU, CMG, LUV, CROX, HON Spec Names  RIVN, NIO, IONQ, ENVX, OSTK

Pre-800ET
Earnings AGI, AR, ENVX, LRCX, META, NOV, NXT, ABBV, BSX, CMCSA, MCD, MLCO,  EBAY, EW,  LC, MAT, MXL, NOW, BAX, BMY, CROX, HON, LUV, CMG  

Indices  SMH, SOXX, ARKK, QQQ, EFA, FDN, XLK, ARKF, KRE, HACK, GDX, faangmt, VXX, JETS

S&P500 ALGN, META, MU, LRCX, AMAT, TXT, KLAC, CMCSA, ON, RMD, NVDA, MCHP, MCD, AAL, BMY, LUV

IWM ENVX, OSTK, IONQ, MARA, SMCI, RIOT, AI, AJRD, BHVN, EYE, LC, MXL, NOVA, CROX, SAVE

WSB NIO, RIVN, UPST, COIN, PLTR, RIOT, NVDA, AFRM, AI, MCD, PLUG, AMZN, TSLA, BA

Movers CLS, ENVX, NYCB, META, OSTK, STM, XPEV, NIO, ASML, MU, U, IONQ, RIVN, MBLY, STLA, MARA, ROKU, COIN, BHVN, LUV, CROX, BMY, BILI, AAL

Trade Idea: META

META has been squeezed above the expected move which was 320. Premarket high 330 corresponds to a high call open interest level. Gamma squeeze potential above 330 towards 335 and 340. Fades > 220 are likely buyable. If price < 220 would be a concern that squeeze is over and would be a fade.