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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, Bitcoin

·         Yields: 30Y Bond -.3% Currencies: USA$ +.04% YEN -.12% BTC/USD +1.4% Vix: 18.65

·         News: USA: WFOMC Barr, Bowman 10, 1215ET; UK:  UE rate 4.1%

·         Stocks: ORCL+8.3% EPS ; Fed reducing bank capital requirements WFC+2.6% BAC+1.4% JPM+1.3%;   

·         Overview: SPY 548.3 support 545 543 and resistance 550 553 SPY expected move +/- 3.4 QQQ 456.4 with resistance 458 460 465 support 451 450 expected move +/- 3.5. USA fell in the European session but rising in NY premarket led by MAG7 and financials. Financials are higher on report that FED may cut capital requirements for the large banks. TSLA and AMZN are leading MAG7 on upgrades, AAPL is lower post the Iphone16 reveal. ORCL positive earnings reaction should be positive for the software sector and cloud names. SPX is put heavy with calls building over 5505 which can serve as resistance or larger moves above and large put positions at 5400 which can act as resistance or acceleration below. CPI print Wed premarket and presidential debate tonight should restrain traders from large moves today unless data is leaked.


Expected moves SPY(549.9-543) QQQ (458-451) IWM(210-206.9) SPX (5505-5436.7)


Stocks to watch ORCL, AMZN, NVDA, TSLA, AAPL, HPE   Spec Names  

Pre-800ET
Indices UNG, IGV, XLK, SLV, MSOS, XLF, XLY, QQQ, IBIT, SPY, KRE,  USO, TLT, GDX

S&P500 ORCL, WFC, TSLA, BAC, SMCI, AMZN, NVDA,  HPE, GM, F

NASI TSLA, SMCI, AMZN, NVDA, AZN
All ORCL, KGS, INMD, LI, BABA, WFC, CHWY, TSLA, GME, SMCI, MARA, IONS, AU, ALLY, HPE, RBRK, STLA

Trade Idea: AMZN

AMZN is higher on a GS upgrade with $230 PT. Stock has been range bound and potentially reaching the top of the range. Option market is pricing +/-5 into end of week. Above 177.5, potential for 180, 185. Stock is extended premarket so pullbacks > 175 may be used for a long. Below 175, potential fade.