.

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 -.07% 

·         News: USA: Housing starts at 8:30ET; Ind Production at 9:15ET; FOMC minutes 14ET UK: CPI 6.8% y/y vs 6.7% EUR: GDP q/q 0.3%

·         Stocks: Earnings: JD -.4%, COHR -20%, ZIM -5.8%, TGT +7%, TJX +3%, DLO +30%, CAVA +8% Coinbase +2.7% approval to offer crypto futures; TSLA -2% China price cuts weighing on EV co’s; 

·         Overview: USA SPY 443 displays support of 442 440 and with resistance  445, 450, 452. SPY expected move +/- 2.5  QQQ 366.3 with resistance at  370, 375, 380 and displays support of 365. QQQ expected move +/- 2.6. S&P 500 declining since 4:30ET but unchanged relative to Tuesday’s close. Neutral setup with Asian markets lower and Europe slightly lower. Yields and US$ neutral set-up.  TSLA currently weighing on Nasi being offset by NVDA which still has squeeze potential. TGT earnings poor but less bad may provide a boost to retailers. FOMC minutes are the big event and will be market moving post.

·         Stocks to watch  TGT, TJX, NVDA, COIN, WMT, TSLA, JD, COHR   Spec Names DLO, CAVA

Pre-800ET
Earnings TGT, TJX, DLO, DADA, CAVA, COHR, JD, ZIM, A 

Indices  VXX, USO, TLT, XLP, ICLN, KWEB, EEM, XLY, faangmt, /btc

S&P500 TGT, TJX, TSLA

IWM MGNI, STNE, RIOT, MQ

WSB COIN, NIO, TSLA, RIVN, BABA, RIOT

Movers DLO, TGT, MGNI, EURN, COIN, TJX, NU, PBR, STNE, CRH, DADA, COHR, TSEM, ZIM, NIO, ZIM, MQ, JD, SE, TSLA, BABA, RIVN

Trade Idea: WMT
In my opinion, WMT reports earnings Aug 17 BMO so it is in play today. Higher premarket after TGT earnings. Maybe a day trade idea with 160 the pivot level. Expected move into earnings is +/-5.5. Other retail names to watch today: TGT, TJX, JWN.