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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 – Negative equity global set-up

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

·         Yields: Yields lower Currencies:  USA +.44%

·         News:  USA: FOMC talking heads EUR: GGerman Ind Pord -1.4% m/m; EUR PPI 0.5% m/m AUD: 25bps rate increase

·         Stocks:  AYX +17% DDOG +24% CELH +6.8%     EMR -3.5% UBER -1.25% Earnings reactions

·         Overview: USA SPY 435 support 435 433.5 and resistance 436.3 437.4 440. SPY expected move +/- 2.1   QQQ 369.2 with resistance   370 371 and support 367 365. QQQ is expected to move +/- 2.7.  Global indices are lower in pre-market as is the US$ is higher. USA indices are bouncing since 7ET after declining with the European session. Weaker China and European data are boosting US$ and weighing on oil and other commodities. DDOG and AYX earnings are boosting cloud software names and MSFT which is the Mag7 favorite.  Yields are lower, US$ higher is a classic risk-off signal which can lead to IWM selling and MAG7 buying to support (like Monday). SPY 435 is an important reference level and SPX 4300 a major bull/bear level. Today’s daily expected move levels: SPY (437.8-433.6) QQQ (371.9-366.5), IWM (175.1-169.4) SPX (4386.9-4345.1). 

Stocks to watch CELH, DDOG, INTC, DHI, MSFT, NVDA

Spec Names AYX, TMDX, DOCN

Pre-800ET
Earnings   AYX, IFF, NEO, CELH, DDOG, UBER, EMR

Indices TLT, VXX, UUP, faangmt, USO, GDX, /btc, GLD, EFA, XLE, EEM, euro, XLI, ICLN 

S&P500 CTRA, CZR, EMW, WELL, XOM, NEM, MRO

IWM TMDX, CELH, DOCN, KW, FRO 

WSB NET   

Movers TMDX, DDOG, AYX, TRIP, RNG, SNOW, CELH, DOCN, MDB, PLNT, NEP, GTLB, TWLO, UBS, NET, CNHI, PRGO, EMR, AU, KW, GFI, CPRI, BHP, RIO, AA

Trade Idea: INTC

Intel in news with rumors that may be chosen for secure defense mfg. Resistance at 39, 40 support 37, 35.  Potential day trade idea but also a swing idea on a pullback to 36.