.

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 lower

·         Currencies:  US $ +.23%

·         News: AUS: 25bps rate increase  Europe: Retail sales m/m 0% vs 0.2% Canada: Ivey PMI at 10:00 ET

·         Stocks AAPL -.5% drop post VR release, one downgrade , TSM lower Capex estimate due to cellphone demand; U providing software to AAPL VR; GTLB earnings surge; Binance being sued by SEC, seeing withdrawals

·         General: Leading: Europe, Mining, Insurance, online retail, gold miners   Lagging: Energy, Spec tech, Software, China Internet

·         Overview:. Neutral setup.  USA SPY 426.6 displays support of 426, 425, and 420 with resistance at 430. SPY expected move +/- 1.8. QQQ 354.5 with resistance at 355 with support of 353, 350,  and 348 . QQQ expected move +/- 2.2. Range day setup with caveat that indices are stretched and weakness creeping into FAANGMT. Rotations into laggards possible with mining, retail showing sone out performance.

·         Stocks to watch  AMD, PLTR, SHOP, T, EPAM, XLE, AAPL  

Spec Names  AI, RIOT, U, PATH 

Pre-800ET
Earnings GTLB, CXM, CIEN, CNM, ASO

Indices FEZ, XME, KIE, SLX, IBUY, ITB, BLOK, XRT, SPHB, TAN, USO, XLE, XOP, KWEB, IGV, VXX, XPH, FDN, SMH

S&P500 MKC, NI, CI, AMD, MMM, EPAM, GEHC, APA, SLB, HAL, SJM, FAST, AMAT, OXY

IWM SBH, LZ, NNOX, CPE, RIOT

WSB PLTR, AMD, RIOT

Movers GTLB, SHOP, CIEN, U, LI, PLTR, AMD, PATH, CLS, MBLY, FERG, SHEL, EPAM, BP, EURN, CRH, AMAT

Trade Idea: U

In my opinion, U is a squeeze idea after AAPL VR announcement Bull flag set-up premarket with high call open interest at 40 and 45.  Risky speculative stock. Short term support 36.6 with resistance 40 and squeeze above 40/