.

Date: Oct 27, 2023 

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 higher Currencies:  USA +.14%

·         News:  USA: PCE 830ET; Consumer sentiment 10ET 

·         Stocks: AMZN +5.9%, COF +4.8%, COUR +8%, DXCM +16.8%, INTC +7.1%, JNPR +3.7%, LHX +1.3%, ENPH -17%, F -3.7%, CHTR -6%, CVX -2.3%  Earnings reactions
Overview: USA SPY 414 with support at 410 and resistance at 415, 420 and 425.  SPY expected move +/- 3.74.  QQQ 347.3 with resistance at 350 and 360, and support at 345.  QQQ expected move +/- 4.3.  Ahead of PCE print USA indices driven by tech with AMZN and INTC positive earnings response.  Macro set-up is negative with yields and US$ higher and oil stronger.  Indices are oversold at support so there is always potential for short squeeze or breakdown.  Today’s daily expected move levels: SPY (416.3-408.8), QQQ (348-339), IWM (166-162) and SPX(4175-4100). 

Stocks to watch AMZN, INTC, TSLA, DXCM, AMD, NVDA, ENPH, AAPL, CVX, F     

Spec Names GFI

Pre-800ET
Earnings AMZN, DXCM, INTC, JNPR, LHX, COUR, ENPH, F, CHTR, CVX

Indices KWEB, USO, SOXX, ARKK, XLY, SMH, QQQ, EEM, faangmt, EWZ, TAN, VXX, TLT, ICLN, euro, XLF, XLE

S&P500 DXCM, PODD, INTC, AMZN, COF, JNPR, CMG, AMD, TSLA, ENPH, CHTR, SEDG, BIO, F, CVX, HES, LUV, JPM 

IWM FRO, AI, SMCI, PTCT

WSB AMZN, RIVN, AMD, BABA, NET, PLTR, TSLA, NVDA, COIN, F

Movers DXCM, INTC, AMZN, XPEV, RBLX, MNSO, LI, TTE, SNOW, AMD, NET, PTCT, SNY, ENPH, CHTR, SEDG, F, CVX, NVO, LUV, CMCSA, RF, UL, ET

Trade Idea: AMZN

AMZN in play after earnings release.  Premarket high 128.35 and premarket low 125.26.  Potential long above 128 with target 130 or pullback >= 125 and potential fade < 125 which may be a negative harbinger for the Nasdaq and S&P500 as another sign that they are selling positive earnings results.