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Date: Mar 15, 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 +.37%  Currencies:  USA$  -.01% 

·         News: USA: Empire state mfg 830ET; Ind Prod 915ET; UofM Consumer Confidence 10ET CDN: Housing starts 815ET
Stocks:    ADBE -11% JBL-9% SMAR-10% PD-8.5% ULTA-8%  GCT+4%  EPS  ISRG FDA clearance for DaVinci 
Overview: USA SPY 513.6  support 513 510 and resistance 515 520  SPY expected move +/- 2.9. QQQ 438 with resistance  440 442 445 and support  435 ; expected move +/-3.2. USA indices are flat premarket with QQQ lagging due to fallout from ADBE earnings and continuing weakness in semis. Huge option expiration today can lead to volatility at the open and the close as well as next week.  Potential flows into AAPL, MSFT, AMZN as a safety trade should the weakness in NVDA continue. Today daily expected move levels: SPY (516.3-510.5)  QQQ (442.3-435.9), IWM (203.7-200.3) SPX(5178-5123).  Gamma: > 5150 -> 5170, 5200; <5145 ->5140 and lower; 5145-5150 chop zone.

Stocks to watch  NFLX MSFT FCX     ADBE  Spec Names  MSOS MDGL 

Pre-800ET
Earnings  ADBE ULTA WPM SMAR PD PHR  JBL BKE GCT HIBB EH GRPN
Indices BITI SLV TLT EFA GDX EWC KWEB XLV IWM  IBIT BITO VIX IGV ARKF SPY 

S&P500 ISRG MU FCX  ADBE JBL ON NEM
Movers MDGL GCT RIVN STLA MU LI UBS FCX HSBC WDS DB CCJ RXRX YUMC ADBE SMAR PD JBL COIN CLSK MSTR MARA ON RIOT STM NEM TSM

Trade Idea: MNSO

MNSO is a $6B China retailer of life style products. Potential long on breakout over 19.80 or pullback > 19.00 with targets 21 and 22.