.

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 $ -.4%; 

·         News: USA: ADP jobs 296k vs 148k; ISM Services 10ET; FOMC at 14:00 ET EUR: UE rate 6.5% vs 6.6%

·         Stocks LTHM, SMCI, ARWR, WU, YUMC, BLDR, GNRC, KHC, TSPT, AMCR, AMD, F, SBUX, CVS, EAT, EL, YUM, EPS; 

·         General: Leading: biotech, healthcare, faangmt, lithium, small caps Lagging: energy, bitcoin, goldminer, semis 

·         Overview: USA SPY 412 displays support of 410, 408.5 with the  resistance of 415, 420. SPY expected move +/- 3.1. QQQ 320.3 with resistance of 323.5, 325 displays support of 320, 318, and 315. QQQ expected move +/- 2.9.  Mild risk-on premarket with small caps, tech outperforming. Volatility rising into FOMC meeting can provide an upside catalyst if Powell is perceived as less hawkish however a hawkish Powell can lead to a downward move greater than the expected move.

·          

·         Stocks to watch LLY, GNRC, LTHM, KHC, INTC, MSFT, META, AMD, SBUX, CVS, COP, EL Spec Names GDC

Pre-800ET
Earnings LTHM, SMCI, ARWR, WU, YUMC, BLDR, GNRC, KHC, SPT, AMCR, AMD, F, SBUX, CVS, EAT, EL, YUM

Indices XBI, faangmt, LIT, XLV, /6e, VXX, XLF, ARKK, QQQ, IWM, USO, XOP, XLE, /btc, SOXX, GDX, KWEB

S&P500 LTHM, LLY, PERI, CHWY, KHC, INTC, BILI, U, AMCR, AMD, SBUX, BIIB, EQNR, WAL, IEP, SHEL, SLB, OXY, BP, CVS, VET, COTY, STLA, XOM

IWM LTHM, SMCI, ARWR, SPT, MORF, LBRT, SM, CPE, ELF, FRO, NE, MUR

WSB AMD, F

Movers LTHM, SMCI, LLY, GNRC, PERI, YUMC, CHWY, KHC, ALC, SAP, VOD, INTC, BILI, LAC, SPT, EK, AMCR, AMD, SBUX, WAL, BIIB, MORF, YUM, EQNR, APA, DVN, TOP, IEP 

Trade Idea: XBI

In my opinion, XBI is a an idea with market leaning risk-on and LLY pop on Alzheimer drug results.  Pre-market high 80.67 can be used for a momentum long or pullback >= 80.3. Short term targets 81.5 and 82.5. Note FOMC risk so this is a day trade idea. LABU is a leveraged way to trade long biotech.