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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 – Neutral equity global set-up

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

·         Yields: 30Y Bond +.6% Currencies:  USA  +.13%

·         News: USA: Loan officer survey; Middle east concern on USA response to attack on base on Syrian/Jordan border. Lifting gold and supporting oil China: Evergrande being wound up
Stocks:   SOFI +11%  eps   PHG -8% halting sleep apnea devices in USA; AMD +1.8%, MSFT +.7% pre-earnings fever

·         Overview: USA SPY 487.7  support 486.5 485   and resistance 490.  SPY expected move +/- 2.3  QQQ 424.5 with resistance  425 430 and support  423 420 ; expected move 3.1. USA indices are muted with Nasi leading and R2K lagging. Macro is mixed with 30Y yield -.7% but US$ +.2% and equity volatility rising into what may be a volatile week. Lack of economic and earnings data is leading to default buying of MAG7 and semis with stocks reporting this week being bought on autopilot [AMD MSFT]. Bitcoin bounce juicing the usual suspects. Middle east is lifting shippers [ZIM STNG] and watch the energy stocks to see if there is continuation after Friday’s surge but so far quiet. Gold is getting a boost from Middle East and lower yields and silver is bouncing, but rest of industrial metals are not.    Look for late day movement in indices today.  Today’s daily expected move levels: SPY (489.7-485.1)  QQQ (426.9-420.7), IWM (198-194) SPX(4913.9-4868). 

Stocks to watch: ZIM, SOFI, MSFT, TSLA, AMD, SLV, TLT, PHG, Spec Names MARA, COIN, GFI, SMCI

Pre-800ET
Earnings:   SOFI

Indices: GDX, TLT, GLD, SMH, faangmt, SOXX, BLOK, ARKK, XLK, LIT, USO, euro, JETS, XLF 

S&P500:  ADM, AMD, WDC, AAL, TSLA,  WBD, PYPL, WRK, ALB
Movers: ZIM, ZI, GFI, S, MARA, ADM, SMCI, BTI, AU, AMD, RIOT, AAL, LI, WDC, COIN, PHG, BE, VERA, PDD, GCT, JKS, MOR, WBD, STLA

Trade Idea: SOFI

SOFI is a top mover premarket earnings with a profitable quarter. Premarket high 8.96 and expected move is to 9. Consider long > 9 for a gamma squeeze to potentially 10 and 11. Pullback to >8.5 could be used for a long. Below 8.5 risk of full retracement