.

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

Underlined text – higher volume premarket

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 higher

·         Currencies:  US $ +.16%

·         News: USA: GDP at 8:30 ET; UE claims; Pending Home Sales 10ET; FOMC Barkin at 9:50 ET Collins 10:30 ET EUR: German GDP q/q -0.3% vs 0

·         Stocks NVDA, NTNX, SPLK, BBY, CM, NTES, WB, AEO, APPS, PATH, SNOW, DLTR, MDT, TD Earnings 

·         General: Leading: Semis, Tech, EWZ, EEM, biotech  Lagging: vol energy commodities staples financials

·         Overview: USA SPY 414.3 displays support of 412.35, 410, and 405 with resistance at 415, and 420. SPY expected move +/- 2.8. QQQ 339 with resistance at 340 345 displays support of 330, 328, and 335. QQQ expected move +/- ?. Macro setup is negative with yields higher, and US$ higher and global equities mixed. NVDA forecast is driving technology today with large caps (MSFT GOOGL AMD) and midcaps (AI SMCI IONQ) all bid. Non-tech stocks are wallowing premarket and not obvious whether the S&P will rise with debt ceiling hanging over market. SPY 415 is a bull line to get above and 410 remains support.

·         Stocks to watch   NVDA, AMD, MSFT, MET, TSLA, ELF, CRM, SNOW, AAPL     

Spec Names  PLTR, SPLK, NTNX, SMCI, AI, IONQ

Pre-800ET
Earnings AEO, APPS, NTNX, NVDA, PATH, SNOW, SPLK, BBY, CM, DLTR, MDT, NTES, TD, WB

Indices SMH, XLK, QQQ, faangmt, EWZ, IGV, ARKK, EEM, ARKF, XBI, UUP, VXX, USO, XOP, XLE, DBC, XLP, XLF, euro

S&P500 NVDA, AMD, ANET, BBY, AMAT, MU, GOOG, MSFT, CCL, CRM, TSLA, ADBE, DLTR, MDT, INTC, CSCO, QCOM 

IWM SMCI, AI, ELF, IONQ, RMBS, ACLS, SGH, AMKR, S, SDGR, FSLY, EYE, APPS, AEO, HASI, NABL, CPE

WSB NVDA, AI, PLTR, AND, UPST, AFRM, TSLA, UBER, NET

Movers NVDA, SMCI, AI, PLTR, AMD, IONQ, TSM, UPST, ASML, ANET, MRVL, BBY, CVNA, MU, AMAT, SSYS, GOOG, AFRM, S, MSFT, CCL, CRM, APPS, AEO, ANOW, DLTR, PATH, IEP, HASI, TCOM, INTC, JD

Trade Idea: TSLA

In my opinion, TSLA is a tech short squeeze idea. Currently above 186 with high call open interest at 190. Pullbacks must stay above 185 to maintain long thesis