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Date: Mar 14, 2024 

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 global set-up

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

·         Yields: 30Y Bond +.03%  Currencies:  USA$  +.05% 

·         News: USA: PPI, Retail sales, UE claims 830ET
Stocks:    GIII-9% MOMO-16% FUTU-6% S-8%  DKS+7% DG+3% CSIQ+1.7% PATH+3.6%  EPS TSLA-1.5% downgrade
Overview: USA SPY 517.8  support 515 513 and resistance 520 518.4  SPY expected move +/- 2.4. QQQ 442.3 with resistance  445 443  and support  440 437.6 ; expected move +/-2.7. USA indices higher and positioned risk-on ahead of PPI, retail sales and UE claims at 830ET.  MAG7 mixed with pullbacks in NVDA and TSLA. Semis are pulling back with high flyers being trimmed. X acquisition being objected by USA govt will potentially weigh on steels. China internet still continuing. Today daily expected move levels: SPY (518.4-513.6)  QQQ (443-437.6), IWM (208.2-203.3) SPX(5189-5141).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040.

Stocks to watch  NFLX COPX AAPL SLV PYPL     DLTR TSLA  Spec Names  MNSO HOOD PATH S 

Pre-800ET
Earnings  DG DKS S PATH CSIQ FUTU MOMO GIII
Indices COPX SLV GDX ARKK ARKF XBI ARKG QQQ DIA  VIX TSLA NVDA  XLK IBIT 

S&P500 DG RTX C  MRNA INTC NFLX MRO FTNT LEN TSLA NVDA MMM ALB
Movers HOOD LQDA DKS PDD RXRX PATH AFRM BUR SE DG KRTX PLTR CART C LYFT INFY GOOGL X S FUTU FTNT BUD XPEV ARCC LEN NVDA TSLA VKTX NVDA SQM AU CLSK RIO

Trade Idea: NFLX

 NFLX is a long idea, potential move out of consolidation. My idea is USA govt trying to stop TikTok could be positive for NFLX. Leading in premarket, look for a pullback > 615 with a target 620 and above 620 potential squeeze over the next few weeks to 630, 640, 650