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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 –  Slight Negative equity global set-up

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

·         Yields: Yields are lower

·         Currencies:  US $ +.14

·         News: USA: CPI 830ET 

·         Stocks CELH, HALO, AKAM, UPST, RIVN, WEN, AMPL, ARRY, OXY, ABNB, BROS, AFRM, EPS
ABNB weak forecast impact travel/leisure;  Acquisition boosting lithium; FAANGMT of day META

·         General: Leading: Lithium, bonds, biotech  Lagging: energy, airlines, emerging markets

·         Overview: USA SPY 410.6 displays support of 410, and 405 with resistance of 412.3, 415, and 417.3. SPY expected move +/- 1.88. QQQ 321.5 with resistance of  323.8, 325 and displays support of  320, 316, and 315. QQQ expected move +/- 3.1.  Equities are positioned slight risk off ahead of CPI with global equities slightly weaker , bonds and US$ higher. China weakness continues today with commodities  dragged lower raising concerns of growth. CPI 8:30 ET will move markets, SPY 410 is a key level as block and dark pool buyers at 410.3-410.8. In the event of a positive CPI reaction biotech is a potential positive sector as it is heavily shorted [CRSP, TGTX, EXAS, HALO] and META as today’s chosen name to support markets. Today’s falling knives for continuation or bounce are ABNB, TWLO. UPST is a potential short squeeze or melt candidate.

·         Stocks to watch CELH, EXAS, TGTX, ABNB, TWLO, JD    Spec Names UPST, RIVN

Pre-800ET
Earnings CELH, HALO, AKAM, UPST, RIVN, WEN, EA, AMPL, ARRY, OXY, ABNB, BROS, AFRM

Indices LIT, TLT, XBI, UUP, USO, JETS, EEM, XOP, EFA, XLE, /btc, KWEB, ARKK

S&P500 AKAM, ALB, OXY, LOW

IWM CELH, TGTX, HALO, DUOL, AMPL, RETA, IAS, ARRY, ORA, AHCO

WSB UPST, RIVN, WEN, BROS, AFRM

Movers UPST, SYNH, RIVN, LI, ALC, XPEV, TWLO, ABNB, AFRM, CVNA, JD

Trade Idea: XBI

In my opinion, XBI is a risk-on idea for today. Premarket high 86.4 can be used for a momentum long or pullback >= 85.6. Individual names CRSP, HALO, TGTX and testing company EXAS can be watched. Note: biotech is a risky sector.