.

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 – Slight positive equity global set-up

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

·         Yields: 30Y Bond -.1% Currencies:  USA  -.06%

·         News: USA: Payrolls 830ET; Consumer sentiment 10ET
Stocks:   META +17%, AMZN +7%, DECK +9.7%,  REGN +1%, BMY +2%, CI +3.5%, AAPL -3%, CHTR -7.7%, eps
Overview: USA SPY 492.4  support 490 485   and resistance 492.8  493.5 495.  SPY expected move +/- 3.6 QQQ 426.6 with resistance  426 430  and support  425 418; expected move 4.1. USA large cap indices are at the top of the daily expected move after META and AMZN made outsized moves whose exuberance is lifting other tech stocks to compensate for a decline in AAPL.  Non-farm payrolls premarket will be market moving as will consumer sentiment at 10ET.   Clear divergence pre-market between large cap tech and small caps suggesting not a broadbased rally. Should S&P500 not squeeze above the weekly expected move, the large MAG7 moves may suck the strength from the rest of the index. AAPL will be important today due to its market cap. Today’s daily expected move levels: SPY (492.8-485.6),  QQQ (426-417.8), IWM (198.3-192.6), SPX(4941.9-4870.5). 

Stocks to watch: META, AMZN, CI, SHOP, DDOG,  AAPL, TSLA, CHTR Spec Names SMCI, DWAC

Pre-800ET
Earnings:   META, AMZN, DECK, COUR, REGN, BMY, CI, XOM, CVX,    AAPL, TEAM, COLM, CHTR, SKX

Indices: FDN, XLY, ARKK, QQQ, MSOS, SMH, ARKF, SOXX, EEM, /BTC, VXX, KWEB, TLT, USO 

S&P500: META, AMZN, CLX, CI, AMD, BMY, NVDA, NSFT, PYPL, CHTR, AAPL, MCHP, CMCSA, INTC
Movers: META, AMZN, CLX, SNAP, SHOP, SNOW, PINS, DDOG, TTD, CI, CFLT, TAL, VRT, SMCI, MP, DWAC,  SKX, CHTR, TEAM, AAPL, MCHP, CMCSA, PDD, INTC, GFI, ZIM, MSTR,

Trade Idea: AAPL

AAPL has fallen to a key support level at 180. Break below can lead to further downside. Look for a bounce at open which is a potential fade if < 182.5