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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 –  Neutral  equity global set-up

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

·         Yields: Yields are lower

·         Currencies:  US $ +.37

·         News: USA: PPI, UE claims at 8:30ET; Waller FOMC 10:15 ; China: PPI -3.6% vs -3.3%; UK: 25bps rate increase

·         Stocks FLNC, ING, DNUT, TPR, JD, APP, MAXN, TPR, U, FVRR, TTD, SONO, MARA, RIOT, DIS, NTR, EPS
DIS -5.5% streaming losses;  JD +3.6% lifting China Internets [BABA, PDD] PACW -15% last week lost 10% of deposit base weighing on regional banks

·         General: Leading: volatility, bonds, China Internet, gold, lithium   Lagging:  regional banks, bit coin, energy

·         Overview: USA SPY 412.9 displays support of 412.35, 410, and 405 with resistance at 415, and 417.3. SPY expected move +/- 2.1. QQQ 326.6 with resistance 330, and 328 displays support of 325, 320, 316, and 315. QQQ expected move +/- 2.2.  Global equities are neutral/weak ahead of the PPI print with USA indices led by Nasdaq and small caps lagging due to renewed weakness in financials after PACW disclosure. China weak PPI/CPI is weighing on commodities but strong JD results is supportive to stocks like BABA, PDD indicating that consumer is resilient. FAANGMT are the premarket support for large cap indices whose breadth is shrinking with GOOGL, AMD, NVDA 3 of the chosen ones. EV data from China positive for the space. PPI premarket will be market moving and FED speakers at 8:45, 10:15ET.

·         Stocks to watch TPR, ALB, GOOGL, AMD, NVDA, JD, DIS, NFLX, PACW     Spec Names  U, TTD, MAXN, FLNC

Pre-800ET
Earnings FLNC, ING, DNUT, TPR, JD, APP, MAXN, TPR, U, FVRR, TTD,  SONO, MARA, RIOT, DIS

Indices VXX, TLT, KWEB, UUP, GLD, LIT, ARKK, QQQ, KRE, PRNT, /btc, USO, EEM, XLE, GDX, IWM, XLF, XLB

S&P500 TPR, ALB, GOOG, NSC, DIS, ZION, CMA, TFC, MOS, CF, FCX, SCHW, FITB, PNC

IWM FLNC, ING, DNUT, CPRX, FRO, JXN, LTHM, COOP, ORA, SONO, BE, MARA, TGTX, RIOT

WSB DNUT, BABA, RIVN, BROS, UPST, RIOT, WEN, CLF

Movers APP, MAXN, TPR, LI, U, FVRR, CPRI, TTD, LI, ING, JD, RBLX, BABA, FRO, SONO, WAL, BE, DIS, MANU, REXR, BP, UPST, RIO, MT, VALE, TWLO

Trade Idea: GOOGL

In my analysis, GOOGL is on fire premarket following burst Wed. Premarket high 114.5 with large options positions at 115. Overbought short term premarket but > 115 can squeeze. Dips > 112 are likely buyable for long. 

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