.

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

Color Key: Positive – Neutral – Negative

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Neutral equity global set-up

•Commodities:  Gold, Silver, Oil and natgas, Softs, Industrial Metals

•Yields: Yields are lower

•Currencies:  US $ -.13%;

•News: Lithium: Chile discussion regarding state involvement in lithium mining hit ALB and SQM Friday, bouncing premarket.

Stocks KO +1.5%, PHG +13%, CS +1.9%, UBS 1.4%, BOH -5.2%, EPS

•General: Leading: volatility, bitcoin, bonds, lithium, staples Lagging: Clean energy,energy, financials

•Overview: Global indices risk off. SPY 411.9 displays support of 411,410, and 405 with resistance at 412.7, 415, and 420. SPY expected move +/- 2.1. QQQ 316.3 with resistance of 319, 320 displays support of 316, 315, and 313. QQQ expected move +/- 2.0.  Equity setup is neutral with USA indices marginally lower but US$ and yields lower is positive. Watch SPY 310 and QQQ 315 as key bull/bear levels.  PHG earnings will be positive for medical equipment stocks which have been on fire [ABT, SYK, MDT, BSX, EW].  AMZN, META showing some pre-earnings strength.  Volatility is rising ahead of major earnings and economic data this week so larger moves possible this week but today with no news, its in the hands of 0DTE option traders

•Stocks to watch  ALB, MDT, AMZN, META, KO, FSLR, MU Spec Names  IOT, AI

Pre-800ET
Earnings KO

Indices VXX, bitcoin, euro, TLT, LIT, XLP, GLD, ICLN, XLE, XLF, SPLV, ARKK, DIA, SOXX

S&P500 ALB, MDT, KO, MU, RF

IWM FRO, AI, TA

WSB AI, GME, TSLA

Movers PHG, SQM, AYX, ALB, TSEM, AZEK, UBS, ALLY, AU, FRO, MDT, KO, NTES, TREX, MP, EDU, CRH, STLA, AI, BNTX, FSLR, MU, GME, MBLY, PERI, FUTU, JD, BIDU, RF, ALV

Trade Idea: AMZN

AMZN is strong in premarket, with earnings Thurs. Expected move for week +/- 7.5 with call buyers targeting 110 and 115. Premarket high 108.15 can be used for a momentum long or look for pullback >= 106. With weakness in AAPL, MSFT, NVDA and TSLA, AMZN and META may be used to support indices. In my opinion, indices are not strong so dip buys may be more successful.