.

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 – Mild Negative equity global set-up

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

·         Yields: Yields higher Currencies:  USA +.17%

·         News:  USA: New home sales 10ET Europe: 13ET Canada: BOC rate decision 10ET expect to hold rates 5%

·         Stocks:  MSFT +3.6%, SNAP +3%, VRT +10%, TMUS +1.3%,  GOOGL -5.9%, TXN -6%
Overview: USA SPY 422.8  support 420, 415  and resistance  425. SPY expected to move +/- 3.3  QQQ 357.7 with resistance 360 and support 355. QQQ expected to move +/- 3.7.  USA indices are down but rising in NY trading, with yields and US$ higher, providing a small headwind. MSFT is strongly higher and GOOGL lower and are counter balancing FAANGMT with META on tap. TXN provided weak guidance in the industrial sector weighing on semi sector [ADI ON] at least for a moment.  Tues was marked by 0DTE driving indices higher, selling the highs and then buying the dips plus a heavy dose of short squeezing. Premarket, the short squeeze names are down but expect the 0DTE manipulation to continue. Daily expected moves are important to watch today for support and resistance as are the major gamma levels. Today daily expected move levels: SPY (426.9-420.4), QQQ (362.0-355.4), IWM (169.7-163.2), SPX(4280-4215). 

Stocks: to watch MSFT, BA, COIN, TXN, META, AMZN, AAPL, NVDA,     Spec Names: VRT

Pre-800ET
Earnings: MSFT, DB, GD, FTV, TMUS, SNAP, CB, GOOGL, EDU, CSGP, V

Indices: faangmt, /btc, VXX, XLK, USO, UUP, XLE, KWEB, SOXX, FDN, SMH, EEM, LIT

S&P500: MSFT, BA, WAB, GD, ETN, TMUS, TXN, GOOGL, CSGP, ETSY, ADI, MCHP, PUPL, ALB, ON, NEM, CZR, V

IWM: CRDO, ONQ, ATEC, IDYA, ALKS, CNX, UPWK, AI,

WSB: BA, COIN, AFRM, UPST, AI, NET, AMZN,

Movers: VRT, DB, MSFT, GPS, BA, WAB, ROKU, RIO, IONQ, VALE, COIN, NVO, ATEC, AFRM, TXN, GOOGL, TDOC, EDU, SQ, XPEV, TAL, UPST, ETSY, CZR, PYPL

Trade Idea: GOOGL

GOOGL has dropped more than the expected move to 130 which is a level with high put open interest and thus a level where either a bounce or substantial break down expected. Straddle approach with fade < 129 with target 125 and long > 131.  If 130 is holding potential put credit spread candidate.