.

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 – Positive equity global set-up

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

·         Yields: 30Y Bond +.5% Currencies:  USA$  -.13% 

·         News: USA: Durable goods 830ET; CB Consumer Confidence 10ET, Richmond mfg 10ET
Stocks:   WDAY -3%, U -15%, BMO -1.9%,  ZM +10%, NCLH+8%,  BEAM +6%, BNS+1%, eps  VKTX+96%, Positive trial results for weight loss drug, weighing on NVO and LLY PANW+5% squeeze after Pelosi bought leap calls
Overview: USA SPY 506.6,  support 505 and resistance  510.  SPY expected move +/- 2. QQQ 438 with resistance  440  and support  435 434; expected move +/-2.8.  Equity markets are tilted to speculation much like Monday with bitcoin, spec tech, biotech outperforming and MAG7 ex-TSLA flat.  Large cap indices are extended and softness in MAG7 is a risk. Spec tech strength can be signaling either the end or start of a new move Breaches of daily expected moves can lead to larger moves. Today’s daily expected move levels: SPY (508-504),  QQQ (439-434), IWM (203-199), SPX(5089-5049). 

Stocks to watch  TSLA, NCLH, PANW, MU,  U, WDAY,  Spec Names VKTX, BEAM, 

Pre-800ET
Earnings  
Indices /btc, BLOK, XBI, ARKK, KWEB, ARKF, EWZ, IWM, SOXX, SMH, HACK,  VXX, USO, XLE, UUP

S&P500 NCLH, PANW, MU, CCL, TSLA, WDC, AAL, NFLX,  LLY
Movers VKTX, HIMS, CLSK, MARA, ZM, MSTR, LI, COIN, BEAM, NCLH, CAVA, ACMR, PANW, RIOT, CCL, MU, NTES, HOOD, IOVA, VRT, IONQ, U, CARG, FIVN, FOUR, WDAY, FRO, NVO, LLY, M

Trade Idea: TSLA

TSLA is the poster child for short squeezes with a strong move higher Mon and follow through premarket. 204 premarket with potential resistance at 205 gamma level and 206 top of daily expected move. Potential to hit 210 this week if the squeeze continues. Pullbacks > 202.5 may be dip buy opportunity.