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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

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

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

·       Yields: 30Y Bond +.6% Currencies:  USA -.09%

·       News: EUR:  CPI y/y 2.4% as expected JPN: No change to policy -> Yen lower CDN: CPI 830ET USA: Housing starts 830ET; FED speakers 930, 1230 trying to reduce the euphoria AAPL: Stop selling watch due to patent issue

·       Stocks:  ACN -1.7% EPS KVUE +5% Won Tylenol lawsuit Bitcoin bounced: MSTR RIOT MARA HUT COIN

·       Overview: USA SPY 473.1 support 470 467 465 and resistance of 473.9 and 475 SPY, I expect it to move +/- 1.9. QQQ 408 has resistance of 409.6 and 410 with support of 405. I expect QQQ to move 2.5. Global equities positive ex-China, yields lower and US$ lower is positive. USA Indices are configured risk-on with profitless tech and high short interest stocks bid hence IWM and ARKK stocks leading. MAG7 slight positive led by GOOGL with exception of NVDA which is -1.3% with no news but semis perhaps taking a breather today.  Today’s daily in my opinion is expected move levels: SPY (473.9-470) QQQ (409.6-404.6), IWM (201.8-192.4) SPX (4760-4721).  

·       Stocks to watch: KVUE ENPH ACAD GOOGL ACN NVDA 

·       Spec Names: NOVA MARA  

Pre-8:00 ET
Earnings: ACN

Indices /btc EWZ IWM IPO TLT ARKK KRE XBI XRT VXX XLB XLI USO UUP

S&P500 KVUE ALB ENPH FSLR WRK FCX NVDA ACN

IWM NOVA MARA ACAD RIOT CLSK LNTH MSTR UPWK SMCI
Movers NOVA KVUE HUT MARA RUN ACAD SQM CLSK UBS CHWY UPST  SGML LNTH COIN SQ AU EC LYFT SMCI NVDA ACN EQNR

Trade Idea: IWM

Pre-market the IWM and ARKK are leading indicating risk-on sentiment which is supported by macro. IWM premarket high 199 can be used for a momentum long  towards 200, 201 or look for a pullback >= 198. Below 198 potential fade towards 197 with major drop potential below 196