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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

Color Key: Positive – Neutral – Negative

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

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

·         Yields: Yields are lower

·         Currencies:  US $ -.14%; 

·         News: USA: UE claims at 8:30 ET; EUR: ECB rate adjust at 8:15  ET; China: Caixin Mfg  PMI 49.5 vs 50

·         Stocks TD +1.56%  First Horizon terminated merger FHN -39%; QCOM -7.9% weak forecast (China, smart phones) PACW -39% evaluating strategic actions AAPL -1.5% earnings after close

·         General: Leading: bitcoin, clean energy, volatility, China internet, gold miners Lagging: Regional banks, Small caps, semis, bonds
Overview: USA SPY 406 displays support of 405 with resistance at 406.7, 408.5, and 410. SPY expected move +/- 3.0. QQQ 316.7 with resistance 323.5, 325 displays support of 316, 315, 313, and 310. QQQ expected move +/- 3.8.  Market is poised risk-off banking concerns weighing on markets leading to small caps lagging and tech leading.  FAANGMT stocks are playing usual role of supporting S&P and will be key today. S&P500 key level to hold is 405. US$ weakness is supportive but is moving higher in spite of ECB rate rise and should be watched as a risk-off signal

·         Stocks to watch ARNC, SHOP, SEDG, DDOG, CFLT, QCOM, PARA, AAPL, REGN, RVLV Spec Names RIOT

Pre-800ET
Earnings ARNC, CPE, AUPH, SEDG, QRVO, CTSH, ETSY, SHOP, W, CFLT, DDOG, RVLV, PARA, QCOM, REGN, ALB, MET, RUN, PENN

Indices /btc, ICLN, VXX, KWEB, GDX, ARKK, EEM, TAN, USO, GLD, KRE IWM, XLF, SOXX, TLT, DIA, XLU, XLV

S&P500 SEDG, QRVO, CTSH, ENPH, NEM, ETSY, ZION, PARA, QCOM, CMA, REGN, AAPL, COF, C, ALB

IWM ARNC, RIOT, CPE, AUPH, MSTR, IMGN, RVLV, ASB, SMCI, GBCI

WSB RIOT, MSTR, COIN, BABA, GME,

Movers ARNC, SHOP, SEDG, W, PCOR, SHAK, QRVO, TOP, CPE, CFLT, EQNR, DDOG, AU, RIOT, Z, QGEN, LI, EVA, FHN, WAL, PARA, ZION, RVLV, QCOM, CMA, TRIP, NVO

Trade Idea: SHOP

In my opinion, SHOP is in play on earnings beat, making a profit:) More importantly selling the logistics business, which will allow them to have free cash flow growth. In my analysis, Extended in premarket with high 54.95 which can be used for a momentum long or a pullback >= 51