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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 +.0% Currencies: USA$ -17% Vix: -2%

·         News: USA: Crude 10:30 ET Eur: CPI 2.9% expected UK: CPI 3.2% y/y above expectations
Stocks: UAL +5%, RIO+2.6%, ASML-5%, USB-3.5%, ABT-.2%, PLD -2.5%, JBHT -7.7%, EPS 

·         Overview: USA SPY 505.2 with support at 505 and 500, and resistance at 507 and 510; SPY expected move +/- 3.7. QQQ 432 with resistance at 435 and 436, and support at 430, 426, and 425; QQQ expected move +/-5.  USA indices are slightly higher rising from an overnight dip to SPY 502.2.  Yields and US$ are unchanged after Powell reinforced the message that inflation is sticky. ASML, poor earnings report is weighing slightly on semis but NVDA strength premarket is masking. Strength in metals with copper, aluminum, and iron ore miners strong. UAL is lifting airlines in premarket. Bank earnings continue to have a negative reaction and JBHT earnings negative for transports.  SPY 505 is a line in the sand for today with potential to move lower to 500. SPX is in negative gamma with 5080 the transition to positive and 5050 the major negative level with acceleration lower below. Today’s daily expected move levels: SPY (507.2-499.9), QQQ (436.1-426.1), IWM (198.6-191.6), and SPX(5088-5014). 

Stocks to watch UAL, LLY, FCX, NVDA, AMZN, RIO, ASML, JBHT

Spec Names EH, OSCR

Pre-800ET
Earnings RIO, IBKR, JBHT, UAL, ASML, ABT, PLD, USB, TRV, VLVLY, CFG, FHN
Indices COPX, SLV, ARKK, GDX, ARKG, XLF, XLY, SPY, XLI, VIX, BITO, SMH
S&P500 UAL, OMC, LLY, FCX, AAL, WDC, SMCI, DAL, TPR, JBHT, ADSK, RMD, USB, TRV, PLD, KLAC, AMAT, NCLH
Movers EH, LI, VALE, BHP, RIO, AA, BYON, DEO, CENX, RTO, GCT, BILI, GOGL, MBLY, AU, CUK, OSCR, TEVA, ASML, APG, URBN, CPRI, GSK, VIPS

Trade Idea: OSCR

OSCR is a small cap medical insurance company. Technical breakout, potential long > 16 or pullback > 15.6. Earnings in 3 weeks. Small caps are risky with current market conditions!