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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 – Slight negative equity global set-up

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

·         Yields: 30Y Bond -.05% Currencies:  USA -.05%

·         News: Europe: German factory orders 0.3% m/m vs 1.1%; Retail sales -0.3% m/m
Stocks: BA -7% groundings after ALK incident; CROX +7.6% lifted 4Q revenue guidance AMD +1.5% Upgrade
Overview: USA SPY 468  support 465  and resistance 470 471.  SPY expected move +/- 2.3  QQQ 397.4  with resistance  400 401  and support  395 ; expected move 2.7.  USA indices are rising premarket to flat c.f. Friday led by QQQ. Macro setup is mixed with yields higher, US$ higher but a very sharp drop in commodities which is bullish from an inflation aspect.  Negative gamma setup as long as SPX < 4700 hence additional downside risk  potential until level can be reclaimed. Breaches of daily expected move can lead to outsized moves. Today daily expected move levels: SPY (470.2-465.6)  QQQ (399.5-394), IWM (195.2-191.3) SPX(4720.3-4674.2). 

Stocks to watch: NVDA, AMZN, MSFT, AMD,  BA, SPR, SLV,   

Spec Names:  CROX, MARA, FSLY, DASH 

Pre-800ET
Earnings   

Indices: /btc, MSOS, SOXX, ARKF, SMH, faangmt, USO, KWEB, GDX, GLD, DBC, GLD, XOP, EWZ, XLE, XBI, EEM, JETS, KRE,

S&P500:  ENPH, MRNA, AAL, BA, LUV, UAL, LULU, MRO

IWM:  AXNX, CROX, MARA, FSLY, RIOT, MSTR,  CYTK, STAA, ARRY, GOGL
Movers: AXNX, CROX, MARA, FSLY, DASH, AEO, HUT, RIOT, DELL, ENPH, COIN, MSTR, CRWD, AFRM, MRNA, AMD,    SPR, CYTK, BA, JD, ALK, XPEV, STAA, ZI, NTES, EQNR, BILI, TCOM

Trade Idea: AMZN

AMZN is resting on the 50sma which forms a bull bear level.  Consider long > 146 and fade < 145. Expected daily move +/- 2.3.