.

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 –  Mildly Negative equity global set-up

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

•Yields: Yields are higher

•Currencies:  US $ -.45%;

•News: USA: Durable goods at 8:30 ET

Stocks MSFT, BA, BSX, ILMN, EXTR, GOOGL, ENPH, CARR, JNPR, ADP, EPS

•General: Leading: bitcoin, faangmt, China Internet, tech  Lagging: Solar, Small caps, US$, financials

•Overview: Global indices risk off. SPY 406.7 displays support of 405 and resistance at 408.5, and 410. SPY expected move +/- 2.3. QQQ 312.7 with resistance  315, 319, and 320 with support of 310, and 305. QQQ expected move +/- 2.7.  Fractured setup with MSFT earnings relief lifting tech but little participation ex-tech. Yields higher is negative but US$ is sharply lower is positive. Positive comments from China are lifting China internet stocks. Bitcoin strength is usually a risk-on signal; however weakness in small caps due to weak energy and financials is contrary. Focus names are MSFT, AMZN, META, NVDA, AMD for continuation and solars for weakness due to ENPH report. SPY is at a critical level with support light below 405.5 and 405 acting as a potential bounce / downside acceleration level.

•Stocks to watch ABB, THC, GE, CNC, TSLA, PDD, FRC, FSLR, FCX Spec Names  MEDP, SQSP, ZM

Pre-800ET
Earnings GOOGL, ILMN, MSFT, TXN, TMO, BA, AMT, BSX, HUM, CME, JNPR, V, ENPH

Indices /btc, faangmt, KWEB, XLK, ARKK, QQQ, IGV, euro, SMH, EEM, LIT, SOXX, TAN, ICLN, IWM, UUP, VXX, XLF, XLB

S&P500 MSFT, AMZN, NVDA, MU, META, AMD, ENPH, ATVI, GOOG, SCHW, CSCO

IWM RIOT, MSTR, EXTR, PRVB, SMCI, DOCN, ENVX, NOVA, SPWR, SHLS, SLAB, FRO

WSB RIOT, MSTR, COIN, AMZN, NET, NVDA, BABA, AI, AMD

Movers PACW, MSFT, RIOT, DDOG, CFLT, MSTR, BILI, SNOW, COIN, PRVB, UBS, AMZN, LI, JD, RIO, JD, STM, FUTU, ENPH, ATVI, RUN, ABB, GOOG, SCHW, TENB, EC, DAWN, UPS, CALM, DHR, HIMS, DOCN, PDD, FCX, JD, BHP

Trade Idea: MSFT

In my opinion, MSFT strong move post earnings is providing a catalyst for META and AMZN as shorts are consider covering. META premarket high 211.5 can be used for momentum long with targets 214, 215 intraday and expected move +/-18 into Friday. Earnings after close. Markets are not positively set-up, MSFT action will be worth watching for confirmation.