.

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: 30Y Bond +1% Currencies:  USA -.45%

·         News:   EUR:  German ifo biz climate 86.4 vs 87.6 ; Middle East: Attacks in Red Sea reducing shipping and raising prices

·          Stocks:   X+28% Acquired by Nippon. Lifting steel stocks STLD, MT, CLF,  ILMN +4.8%, divesting Grail NIO +8.5%, Investment SHOP -1.6%, downgrade SNAP +2.8%, NOVA +3.4%, CSIQ +1%, upgrade  Bitcoin names lower MSTR -2.5%, MARA -4%; Shipping stocks FRO +8%, DHT +4%, STNG +3.3%, INSW +2.4%
Overview: USA SPY 470.8  support 470 467 465   and resistance  471.5 475    SPY expected move +/- 2.1  QQQ 404.7 with resistance  405 408 410   and support  400  QQQ expected move 2.6. Global equities mixed, yields lower and US$ lower is mild positive.  USA Indices are mildly led by small caps. Oil and shippers are leading sector with the Red Sea issue. X acquisition is lifting steel stocks and iron ore miners. Post Opex tends to have increased volatility so take care.Today daily expected move levels: SPY (471.5-467.2)  QQQ (408-402.7), IWM (199.5-194.6) SPX(4740.6-4697.8). 

Stocks to watch: X, CLF, STLD, FRO, DHT, ADBE, AMZN, ARKK,

Spec Names: NOVA 

Pre-800ET
Earnings   

Indices: XME, USO, XOP, EWZ, IWM, XLE, GLD, UUP, DBC, /btc, KWEB, XLU, GDX, XLP, TAN, KRE, ARKK,

S&P500: ILMN, STLD, NUE, ADBE, MRO, CTRA, SLB, DVN, OXY, CF, WRK, HAL, VFC, SEDG

IWM: PGTI, FRO, DHT, INSW, NOVA, STNG, NE, CPE, SAVA, LNTH, PNT, CLSK, RIOT, MARA, MSTR
Movers: X, EDU, PGTI, CLF, FRO, ILMN, CAMT, DHT, MT, EQNR, STLD, NUE, NOVA, STNG, SNAP, BP, ADBE, GPCR, LNTH, PNT, VFC, SEDG, COIN, ROKU, UPST

Trade Idea: AMZN

AMZN is one of the leading large cap stocks. Premarket high 151 can be used for a momentum long or pullback >=150.  Below 150 potential fade. Expected daily move 152.4-147.5