.

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 – Mild Positive equity global set-up

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

·       Yields: Yields are higher Currencies:  USA +05% 

·       News: China: Cutting taxes on stock trading
Stocks: TSLA, BEKE, NIO, RIVN general lift of EVs with some positive TSLA truck chatter; BSX +4.7% upgrade; MMM +6% lawsuit settlement
Overview: USA SPY 440.9 displays support of 440 and 436.5 with resistance 442.9 and 445. In my opinion SPY can be expected to move +/- 2.4 QQQ 365.4 with resistance of 366.3 and 365 displays support of 360. QQQ in my opinion can be expected to move +/- 2.8.  Macro set-up is mild positive with yields lower and US$ unchanged.  China stimulus is lifting China stocks but has pulled back overnight. No major news today so 0DTE is in control today. Indices are negative gamma hence larger moves expected. Decrease in volatility will be generally supportive to markets and pre-market a slight risk-off vibe in place with the caveat that pops have been sold recently so one should look for it today especially with major market moving events later in the week. Tech, biotech favored premarket.

·       Stocks to watch PDD, FRO, MMM, TSLA, BSX, CRWD, NVDA 

·       Spec Names XPEV, NIO, RIVN, MNSO 

Pre-8:00ET
Earnings 

Indices KWEB, XBI, EEM, ARKK, QQQ, XLY, DIA, XLK, KRE, VXX, /BTC,

S&P500 MMM, BSX, TSLA

IWM BBIO, FRO, IONQ, ENVX, UPWK

WSB NIO, TSLA, BABA, GME, AMC

Movers MMM, XPEV, BSX, BBIO, NIO, FUTU, TSLA, DB, JD, BABA, BEKE, RIVN, LI, IONQ, UBS, AMC, CRWD

Trade Idea: TSLA
In my opinion, TSLA and EVs are moving higher in premarket and TSLA tends to be in play on Mondays:) Premarket 243 with targets 245 and 250 on long side. Dark pool sellers 242.3 so remaining above may indicate sellers are done but look for fades below towards 240. Below 240 support previous DP buyers at 237.90 and 236.4. Expected move for week +/-12