.

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 – Neutral  equity global set-up

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

·         Yields: Yields are lower Currencies:  USA +.12% 

·         News:  USA: Chicago PMI at 9:45 ET China: MFG PMI 49.3 vs 48.9; Services PMI 51.5 vs 53.9 More stimulus chatter     JP: Industrial prod 2% vs 2.5% m/m EUR: CPI 5.3% y/y German retail sales -0.8% vs -0.3%

·         Stocks: Earnings:  ON 4%, IMGN +5.3%, APLS +1.8%   

·          General: Leading: USO, EWZ, XLE, ARKK, XLY, XOP, ARKF  Lagging: VXX, KWEB, faangmt 

·         Overview: USA SPY 457.6 displays support of 455 452, 450, 448, 445, and 440 with resistance 460. SPY expected move +/- 1.9. QQQ 383.9 with resistance at 385, 390 and displays support of 375, 370. QQQ expected move +/- 1.4.  Macro setup is neutral with US$ lower and yields flattish. Last day of the month usually bullish but markets looking forward to AMZN, AAPL earnings and jobs reports with indices pinned so expect rotation. Premarket leaders are stocks reporting this week, many which are in the spec tech category or upgrade/downgrades. Energy commodities and metals moving higher perhaps on more China stimulus chatter.

·         Stocks to watch  AMZN, AMD, ON, JNJ, CRM  Spec Names IONQ, U, UBER, AR, XPEV 

Pre-800ET
Earnings APLS, IMGN, ON, SYM

Indices  USO, EWZ, XLE, ARKK, XLY, XOP, ARKF, ICLN, VXX, KWEB, faangmt, EEM

S&P500 ADBE, HAS, ON, CVX, AMD, CRM, JNJ

IWM APLS, IONQ, SG, IMGN, FRO, STNE, MARA

WSB PLTR, NIO, UPST, PLUG, UBER, RIVN, AMD, AFRM

Movers APLS, IONQ, W, PLTR, SG, IMGN, NIO, FRO, EDU, U, HAS, ADBE, PAGS, ONJD, CVX, AMD, ROKU, XPEV, BEKE, BILI, JNJ, CRM

Trade Idea: UBER

UBER reports earnings Aug 1. Premarket high 49. Expected move for week +/-4.1. Call open interest elevated at 50 strike which may be resistance or acceleration above with large open interest up to 55. Stock extended premarket so one can look for pullback >=48