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Date: Dec 28, 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: 30Y Bond +.25% Currencies:  USA -.08%

·         News:   USA:  UE Claims 830ET Japan: Industrial production -0.9% m/m vs -1.7% 

·          Stocks:  AAPL appeals court suspended watch import ban
Overview: USA SPY 476 with support at 475 and 474.6, and resistance at 478.5 and 480; SPY expected move +/- 2.  QQQ 412.95 with resistance at 413.6 and 415, and support at 410 and 409.4; QQQ expected move 2.11. Global indices are mixed with USA indices mixed, Europe, Japan lower and Asia strong.  Macro setup is mixed with long yields higher and US$ lower (Yen and Swiss strength).  USA equities are favoring large cap tech heavy Nasdaq over small caps.  China’s names are bouncing after the recent decline due to government regulation decisions.  Bitcoin is taking a breather today.  Higher yields normally negative for regional banks and small caps. Volume should be low and hence large intraday moves are likely, especially intraday.  Today’s daily expected move levels: SPY (478.5-474.6), QQQ (413.6-409.4), IWM (208-201.6), and SPX(4801-4762). 

Stocks to watch TSLA, AAPL, AMD, NVDA, SQM, MRNA, KWEB

Spec Names APLS, PENN, MARA

Pre-800ET
Earnings   

Indices KWEB, MSOS, EEM, LIT, QQQ, SMH, faangmt, XLK, /btc, USO, TLT, VXX, IWM, EWZ, XLE

S&P500 MRNA, ALB

IWM APLS, SATS, LTHM, NEO, MARA, CLSK, MFA, CYTK, RIOT, MSTR
Movers SQM, BILI, LI, DQ, JD, TAL, FUTU, JKS, APLS, TCOM, NTES, BEKE, PENN, EDU, XPEV, PK, NEO, HUT, MARA, CLSK, NLY, MFA, CYTK, BUR, TTE, COIN

Trade Idea: TSLA

TSLA 265 high premarket.  TSLA is at the top of the weekly expected move which is a level for breakout or rejection.  Above 265 look for 270 and fade target 257.5 and 255.