.

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-7:30 ET 

 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 +.08% 

·         News: China: One of China’s largest private wealth managers missed payments on high yield products. Country Garden, one of largest property developers missed debt payments

·         Stocks: Earnings: MDY +5%, JKS -2.6%  Movers X +27% Takeover offer rejected TSLA -2.4% China price cuts AMC -32%

·         Overview: USA SPY 446.2  support 445, 440 and with resistance at 450, 452, 455, 460. SPY expected move +/- 2.1  QQQ 366.8 with resistance at   370, 375, 380 and support 365 . QQQ expected move +/- 2.7. Global Indices are neutral to weak with China continuing to weigh on global outlook. No major earnings or econ numbers today. SPY 445 a key support level and 452 resistance. 

·         Stocks to watch  X, OKTA, WMT, CSCO, NVDA, TSLA, BABA   

Spec Names IONQ

Pre-800ET
Earnings MNDY, JKS

Indices  SLX, PRNT, XME, XLK, faangmt, SMH, TLT, LIT, EFA, USO, GDX, EEM, DBC

S&P500 CTRA, KEYS, MOS, TSLA, A

IWM IONQ, NOVA, ABR, URBN

WSB AMC, CLF, NIO, TSLA, GME

Movers X, MANU, OKTA, MNDY, IONQ, BILI, TSEM, CD, MT, AMC, SBSW, NOVA, JKS, NIO, VALE, CLF, TSLA, MPW, RIO, AU, SHEL, AU, BABA

Trade Idea: TSLA
TSLA is below key displays support of 240 on news that China prices are being cut. Permarket 236.7. Straddle approach, either bounce back to 240 or continuation lower with 235 and 230 short term targets. Expected move for week +/-11. Likely will bounce on open so look for reversals < 240.