.

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 +.06% 

·         News:  USA: Non farm payrolls at 8:30 ET Canada: Employment report   Europe:  Retail sales -0.3% m/m

·         Stocks: Earnings:  AMZN +8.6%, TEAM +19%, BKNG +10.9%, NET +8.5%, FLR +6%, AAOI +19%, MGA +1.5%, FTNT -18%, DOCN -17%, QS -10%, AAPL -2.7%

·          General: Leading: XLY, FDN, ARKK, ARKF, USO  Lagging: VXX, KWEB, XLK, GDX, /btc, SOXX, EWZ

·         Overview: USA SPY 449.6 displays support of 448, 445, 440  and resistance at 450 455 and 460. SPY expected move +/- 2.6 QQQ 374.7 with resistance at 375, 380 and displays support of 370 365. QQQ expected move +/- 3.4.  AMZN and AAPL are currently balancing out each other with non-Farm payrolls the key data point. S&P500 is currently negative gamma with larger moves expected.  Implied volatility should drop which may lift markets however must rise above and hold key levels: SPY 450, QQQ 375. SPX moves into positive gamma 4546.  AAPL is a risk today with 185 the key support level. Security stocks are down in sympathy with FTNT but spec tech (cloud and AI) are bid premarket. Caution today with large move priced in for the day.

·         Stocks to watch AMZN, DKNG, TEAM, NET, AAPL, FTNT, MCHP  

Spec Names AAOI, DOCN

Pre-800ET
Earnings AMZN, DKNG, TEAM, FLR, NET, TEAM, MGA, KTOS, NTRA, OLED, FTNT

Indices  XLY, FDN, ARKK, ARKF, USO, XBI, XLE, VXX, KWEB, XLK, GDX, /btc, SOXX, EWZ, HACK, EEM, SMH

S&P500 AMZN, ETSY, FTNT, MCHP, PANW, AAPL, ON

IWM CNK, LMND, FRO, IONQ, SDGR, DOCN, RDFN

WSB AMZN, NET, NIO, PLTR, AI, COIN

Movers TEAM, DKNG, AMZN, NET, DDOG, SNOW, CNK, EH, LMND, FRO, NIO, PLTR, RBLX, IONQ, DOCN, FTNT, RDFN, SQ, PANW, MCHP, HAYW, GFI, AAPL, COIN

Trade Idea: AAPL
AAPL is the focus name with a 3T market cap.  In my opinion, key level is 185, below potential for a fade to 180 and 170. Premarket high 188 is a potential long to 190