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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 +.35%  Currencies:  USA$  -.17% Vix: -2.4%

·         News:  USA:  PCE 830ET CDN: GDP 830ET JP: Ind Prod -.1% m/m weaker China: mfg PMI 49.5 vs 50.4, non-mfg PMI 51.1 vs 51.5
Stocks: GPS +22%, AMBA +18%, ZS +15%, ASAN +11%, Ulta +7.6%, PD +4%, MDB -21%, DELL -17%, S -12%, VEEV -8%, MRVL -5%  EPS  
Overview: USA SPY 524.5  support 520 518.3 and resistance 525 526 530 SPY expected move +/- 4.3. QQQ 452.9  with resistance 455 456.5  and support 450 449 446.7  expected move +/- 4.9.  USA indices are bouncing premarket on PCE data release which was .1% lower m/m and spending .1% lower. Reaction is US$ lower, yields lower which is positive for equities in general and most speculative stocks in general. Earnings reactions continue to be extreme with MDB and S continuing to weigh on software and DELL & MRVL in theory negative for hardware and semis but PCE reaction is to lift semis. NVDA is strong premarket which again will hoover money. SPY 525 is an important level to breach for bulls and so far is acting as resistance. Several names have moved more than the expected move and are candidates for day trades. Indices have been in distribution and with a negative gamma set-up potential for larger moves today in either direction. Tech earnings have not been strong so potential for rotation into other sectors, likely more interest rate sensitive today.   Today daily expected move levels: SPY (526.0-518.3)  QQQ (456.5-446.7), IWM (206.7-201.5) SPX(5278-5192). 

Stocks to watch MSFT, NVDA, ZS, CRWD, IWM, DELL, MDB

Spec Names  AMBA 

Pre-800ET
Moved > Expected Move Can Run MDB, DELL, VEEV, AMBA, ULTA, ASAN, VFC, CRWD, WYNN
Indices MSOS, EFA, GLD, TLT, XRT, FXI, UNG, QQQ, IBIT,
S&P500  ULTA, NVDA, FTNT, HPE, HPQ, SMCI, AMD,
Movers GPS, ZS, ASAN, ULTA, VFC, PD, CRWD, ZIM, NVS, GSK, NVO, EQNR, EH, GCT, BHP, NVDA, COIN, FL, SMMT, MDB, DELL, S, TRMD, MRVL, DDOG, HPE, JWN, JD, LI, BABA, HPQ, NTES, FLUT, SMCI, BIDU, AU, TSM

Trade Idea: CRWD

CRWD is a security stock that sold down Thursday with the software drop post CRM earnings. ZS earnings today is providing a lift.  Premarket high 330 is level to lean on for long with targets 340 and 350. Ideally look for pullback > 325. Below 325 CRWD may be a fade down to 315.