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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

Underlined text – higher volume premarket

Color Key: Positive – Neutral – Negative

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Positive  equity global set-up

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

·         Yields: Yields are flat

·         Currencies:  US $-.06%

·         News:  USA: Bond Auction at 13:01 ET Japan: Machine orders -22% y/y; PPI 5.1% y/y vs 5.6%

·         Stocks KDNY +63%   acquired by NVS ORCL +4% Upgrade EPS AMC ; S +5.5% upgrade NTLA +7% positive data; CCL +5% JPM 16 target

·         General: Leading: Semis, spec_tech, biotech, China_Internet  Lagging: Oil, bitcoin, energy

·         Overview: Positive global equity setup USA SPY 430.8 displays support of 430, 416. 425, and 420 with resistance at 432. SPY expected move +/- 2. QQQ 354.8  with resistance 355, 358 and displays support of 346, and 340. QQQ expected move +/- 2.5.  Market is call heavy into the open which can lead to pullback or squeeze higher. Small caps, spec tech (AI and Semis)  and high short interest are leading. Only important macro event is bond auction at 1301ET as liquidity impact is a risk. SPX 4300/4320 is strong resistance for the week so take care at those levels.

·         Stocks to watch  ORCL, AMD, PLTR, TSLA, AMD, ISRG, XLE  

Spec Names  S, AI 

Pre-800ET
Earnings 

Indices SMH, ARKK, XBI, XLK, JETS, KRE, QQQ, LIT, KWEB, XLY, GDX, faangmt, USO, /btc, XOP, XLE

S&P500 CCL, ORL, ILMN, AMD, NCLH, BIIB, RCL, ADBE, TSLA, PARA, LUV, NDAQ, MRO, DVN

IWM KDNY, S, FRO, AI, IONQ, NNOX

WSB ORCL, AMD, PLTR, UPST, AFRM, AI, TSLA, GME, NVDA, RIVN, COIN

Movers KDNY, CCL, CUK, S, ORCL, ILMN, AMD, NCLH, PLTR, FRO, CVNA, BIIB, RCL, AFRM, U, UPST, ADBE, NDAQ, RIO, LI, COIN, DVN, MRO, BP, EQNR, OXY

Trade Idea: TSLA

In my opinion, TSLA is in play every day that ends in Y. Expected move +/-16. High call OI at 250.  Premarket 247.9, can look for pullback >=245 for long towards 250 or above 250 look for 255, 260. Below 250 potential fade towards 245. Options positioned very long hence pullback at open is not unexpected.