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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 higher  Currencies:  USA -.15%  Yen: +.61%

·         News:  USA Non-farm payrolls at 8:30 ET Canada: Employment data 8:30 ET; Ivey PMI at 10:00 ET   Japan:  

·         Stocks  LEVI -8% Forecast Cut  RIVN +5% upgrade  

·          General: Leading: VXX, KWEB, GDX, GLD, EWZ Lagging: /btc, SOXX, KRE, QQQ, SMH, XLK, faangmt

·         Overview: Pre non farm payrolls USA indices muted. USA SPY 439  displays support of 438, 435  and resistance at 440, 443. SPY expected move +/- 2.4. QQQ 366 with resistance at 370 and displays support of 365,  362 . QQQ expected move +/- 2.7.  Non-farm payrolls will be the big mover today.  Bond market is in focus after a large move in the 10yr yield and Move is spiking which is forecasting more volatility which can spillover to the equity market. Watch the bond and US$ reaction to jobs report. Thursday drop was reversed when the US$ and bonds pulled back.  Since IV is elevated into the report, potential for a bounce once the report is out, even if initial reaction is negative. Caveat that SPY 435 and QQQ 365 hold. IWM and gold are currently leading in premarket and may be leaders if market reacts positively with bonds and US$ falling.

·         Stocks to watch  AMZN, AMD, META, BABA, JPM    Spec Names  RIVN, TGTX 

Pre-800ET
Earnings LEVI

Indices VXX, KWEB, GDX, GLD, EWZ, /btc, SOXX, KRE, QQQ, SMH, XLK, faangmt, XLU, UUP, XLP

S&P500 PARA, WBD, VZ, T

IWM TGTX, FRO, BE, AXSM, RIOT, MARA, NE 

WSB RIVN, BABA, RIOT, COIN, PLTR

Movers TGTX, RIVN, PLTK, BABA, FRO, BE, BIDU, AU, PDD, JD, GFI, LEVI, XPEV, PARA, RIOT, VZ, T, COIN, NE

Trade Idea: RIVN

In my opinion, RIVN, a recent idea is getting a boost today after an upgrade to $30. Premarket high 23 with out of the money calls extending up to 25. Stock was in a gamma squeeze Thursday that may continue today. Risky!