.

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

** ‘d’ – day

**govt – government 

Color Key: Positive – Neutral – Negative

·         Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Neutral equity global set-up

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

·         Yields: Yields lower Currencies:  USA -0.22% News:  USA: ADP employment 815ET; ISM Services PM 10ET; FED Bowman 1025ET; EUR: Services PMI improved

·         Stocks:  INTC +2.4% spinning off Altera; AAPL -.7% downgrade; CALM -11% EPS ODD +2.7% Upgrade MRNA +.3% Combo Vaccine 

·         Overview: USA SPY 423 support 420, 418 and resistance 425, 430. SPY expected move +/- 3.56 QQQ 356.17 with resistance   360 362 and support   355 350. QQQ expected move +/- 3.77.  ADP jobs report below expectations is providing a lift to USA equity markets. Lower yields, lower US$, oil are all supportive to markets. Outperformance by bitcoin, gold miners which are inverse US$; XLU which is inverse yields and Semis. FAANGMT are led by AMZN and NVDA but being dragged down by AAPL after a downgrade    Today daily expected move levels: SPY (425.15-418.03) QQQ (358.69-351.15), IWM (174.44-167.84). Daily expected moves can be used for support/resistance with acceleration on crosses.

·         Stocks to watch INTC AMZN NVDA PLTR COIN AU   AAPL DVN HELE    

·         Spec Names ODD RIOT

Pre-8:00 ET
Earnings CALM HELE TLRY

Indices /btc MSOS TLT GDX XLU euro XLY USO XLE XOP KWEB UUP faangmt 

S&P500 INTC WRK KEY MRNA DVN ON MRO PPL OXY VLO MPC

IWM FLR STNE MSTR ATEN CALM ENVX FRO ASB CROX 

WSB PLTR COIN MSTR

Movers PLTR INTC ONON WRK ASML AU COIN NVS RUN ENVX FRO ON BP DVN MRO XPEV SHEL OXY BIDU

Trade Idea: AMZN

AMZN is a leading FAANGMT with a bounce. Catalyst today is buzz around AI startup Anthropic which AMZN has invested $4B. Premarket 126.31 with support at 125 and targets 128 and 130.  High call OI at 132