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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 $ .26%

·         News: USA: Housing starts at 10:00 ET Europe: CPI 7% y/y expected  Japan: IGDP 2% y/y expected

·         Stocks TGT weak forecast; TJX rev miss; DT KEYS WIX EPS beat; 

·         General: Leading: Regional banks, oil, semis, small caps  Lagging: China internets, gold miners

·         Overview: USA SPY 411.8 displays support of 412.35, 410, and 405 with resistance at 415, 417.3. SPY expected move +/- 2.1. QQQ 328 with resistance 330, 328 displays support of 325, 320, 316, and 315. QQQ expected move +/- 1.7. Macro setup is neutral with yields lower US$ higher and global equities mixed.  S&P500 at short term resistance after falling in the asian session and rising in the European. Usually stronger US$ is negative for equities however pre-market is contra normal. Small caps leading with positive move by regional banks along with metals which are moving higher inspite of the dollar. High short interest names are showing strength so today might become a short squeeze day which can benefit ARKK, TSLA and the regional banks. Positive retailers inspite of poor data from TGT is further evidence of short covering ahead of Fri Opex.

·         Stocks to watch WAL, TSLA, NVDA, WMT, TJX     

Spec Names  WIX, DT, KEYS, AI

Pre-800ET
Earnings DOCS, KD, KEYS, SBLK, DT, TCEHY, TGT, TJX

Indices KRE, USO, SMH, ARKK, SOXX, IWM, XLE, KWEB, VXX, /btc, GDX

S&P500 KEYS, WYNN, CMA, TSLA, NVDA, ZION, TFC, COF, NCLH, FSLR, SCHW, TJX

IWM EXTR, FLNC, APG, ING, BE, OSW, RIOT

WSB TSLA, NVDA, CLF, BABA, RIOT

Movers WAL, MANU, WIX, DT, APP, MT, WYNN, TSM, NYCB, VOD, TSLA, BHP, HZNP, NVDA, BP, DOCS, BIDU, JD, TJX

Trade Idea: WMT

Long idea over 151 for a move into earnings Thurs with 152.5 and 155 targets. Fade potential below 150