.

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 global set-up

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

·         Yields: 30Y Bond -.15% Currencies: USA$  -.19% 

·         News: USA: ADP jobs 8:15 ET; Jolts 10:00 ET; Powell 10:00 ET; Beige book 14:00 ET CDN: BOC rates 9:45 ET; IVEY PMI 10:00 ET
Stocks: CRWD +25%, JD+11%, JWN-9%, ROST -2%, CHPT-4%, ODD-11%, THO-15%, eps
Overview: USA SPY 509.2 with support at 508 and 505, and resistance at 510 and 515; SPY expected move +/- 2.2.  QQQ 440.7 with resistance at 440.6 and 445, and support at 440 and 435; QQQ expected move +/-4.55. USA indices are rebounding with bitcoin, and tech leading. SPY has risen back to 510 which is the top of the daily expected move and a major gamma level where rejection or larger move possible.  CRWD is lifting the security stocks [PANW, FTNT, OKTA], bitcoin is lifting [COIN, MARA, CLSK]. JD earnings are providing a lift to China internet stocks. Of course, semis continue to be squeezed led by AMD. ADP report was below expectations which is boosting the market. Powell at 10:00 ET will be market moving so take care. As long as SPX is greater than 5000 look for bounces to be bought as 0DTE expiration puts cover. Today’s daily expected move levels: SPY (509.36-505), QQQ (440.6-431.5), IWM (206.6-200.8), and SPX (5100.4-5056.8).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040. 

Stocks to watch CRWD, JD, AMD, COIN, JWN, FL

Spec Names S, PLTR, MSTR  

Pre-800ET
Earnings CRWD, ROST, FNV, HCP, BOX, JWN, JD, BF, CPB, SNF, FL, GEN
Indices IBIT, FXI, KWEB, ARKK, ARKF, XBI, XLK, EFA, AMZN, EWC, IWM, VIX, TLT, UUP 

S&P500 PANW, AMD, AVGO, NVDA, HPE, INTC, META, QCOM, UBER, MU, EL
Movers CRWD, JD, S, MSTR, PLTR, BILI, MARA, COIN, CLSK, SMCI, MRVL, RIOT, ZS, GTLB, PANW, LI, TSM, AMD, IOT, ODD, FL, JWN, GOGL, CWH, EL, ALLY, PDD, AU 

Trade Idea: MSFT

MSFT is a long idea if the bounce continues and buying in the leading momentum stocks continues. Long idea > 405, look for dip into Powell at 10:00 ET. Break below 400 is a caution signal for MSFT.