.

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: 30Y Bond -.38% Currencies:  USA +.21%

·       News: Europe: German ind prod -0.7% m/m; UE rate 6.4% Japan: Tokyo Core CPI 2.1%
Stocks: BA -.8% loose bolts; MTCH +13% activist investor JNPR +23% HPE acquisition; Samsung warning on lower smartphone and semi demand. MCHP warning on lower chip demand. U major layoff to reduce costs.
Overview: USA SPY 472.7 with support at 472.5 and 470, and resistance at 475 and 476.7; SPY expected move +/- 2.1.  QQQ 402.8 with resistance at 405 and 407.7, and support at 402.3 and 400; QQQ expected move 2.7.  Global indices lower after Monday squeeze with USA indices weaker and testing the lower daily expected move.  Macro factors are negative with yields and US$ higher along with oil.  Risk today is potential for a larger down move if daily expected move is breached.  NVDA is the only positive MAG7, continuation after a major gamma squeeze Monday.  Breaches of daily expected moves can lead to outsized moves. Today’s daily expected move levels: SPY (476.7-472.5), QQQ (407.7-402.3), IWM (199.6-193.8), and SPX(4784.5-4742.5). 

Stocks to watch JNPR, NVDA, HPE, MCHP, AAPL, JD

Spec Names MTCH, U, FRO 

Pre-800ET
Earnings JEF, ACI, AYI, TLRY, NEOG

Indices USO, DBC, XLE, XOP, GLD, VXX, HACK, KWEB, EEM, IWM, TLT, EFA, IGV, SOXX, KRE, EWZ, XLY, XLF, /btc

S&P500 JNPR, MTCH, UAL, MRO, HPE, MCHP, VZ, PYPL, NFLX, T, ON, MRNA

IWM BMBL, FRO, EXTR, TGTX, SAVE, STNE, CLSK, MSTR
Movers JNPR, MTCH, SRPT, U, BMBL, FRO, CRWD, UAL, RIVN, NVDA, GRFS, HPE, TGTX, JD, MCHP, STM, GFI, LI, BABA, ON, MT, PYPL, NFLX, T

Trade Idea: QQQ

QQQ moved above the weekly expected move Monday with a squeeze of 2 standard deviations of the daily expected move.  Consider fade < 402 with target 400.  Consider long > 403.4 with targets 403 and 405.