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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

** ‘Y’ – year

**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 -.08% Currencies:  USA  +.06%

·         News: USA:Retail Sales 830ET; Ind Production 915ET  China: GDP 5.2% y/y Retail Sales 7.4% Miss
Stocks:   IBKR -2.7%, SCHW -.5%, CFG -2%,   EPS; SAVE -20%, Judge ruled against JBLU merge TSLA -1.8%, price cuts due to inventory
Overview: USA SPY 473  support  472.8 470  and resistance 475 480.  SPY expected move +/- 3.9  QQQ 407.5 with resistance  410 413.5 415 and support  406.5 405 400 ; expected move 3.9. Global equities are risk-off premarket with weak Chinese data and Tues Waller comments catalysts. Breadth of NYSE is shrinking with Russell falling rapidly and at the bottom of the weekly expected move. Large cap indices were supported by outsized moves in a small number of FAANGMT names. Today Indices enter the window of weakness with Vix expiration which increases the potential of larger than expected moves. Opening bounce would be normal but S&P and IWM are close to the bottom of daily expected moves which can lead to larger down moves on breach    Breaches of daily expected move can lead to outsized moves. Today daily expected move levels: SPY (480.6-472.8)  QQQ (413.5-405.7), IWM (196.5-190) SPX(4820.4-4747.2). 

Stocks to watch: AMD, BA, AAPL, TSLA, SPOT, SEDG, NEM,

Spec Names: TWST

Pre-800ET
Earnings: SCHW, USB, CFG

Indices: VXX, UUP,  KWEB, ICLN, EEM, TAN, USO, /btc, IWM, ARKK, EFA, XBI, KRE, GDX, XLY, XLE, XOP, IPO

S&P500:  MRNA, ENPH, F, NEM, TSLA, CCL, VZ, FTNT, MS, PYPL, BAC, AAL, GM, FCX, C, SCHW

IWM:  BE, NOVA, IONQ, RXRX, AI, RIOT, STNE
Movers: NTNX, CART, TRMD, XPEV, SEDG, BIDU, JD, LI, BILI, SPOT, NTES, PDD, MAT, RIVN, BZ, RUN, IBKR, U, NEM,

Trade Idea: SPY

SPY levels today. Daily expected move 480.6-472.8 with price currently below the bottom which can lead to continuation lower towards 470. Look for a bounce at open and if bounce fails < 473.5 then a potential fade towards  bottom of expected move and 470. On bounce look for 475 for resistance