.

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

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

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

·         Yields: Yields are higher

·         Currencies:  US $+.25%

·         News:  USA: Retail sales, UE claims, Empire and Philly MFG Indices at 830 ET;  Ind Prod at 9:15 NZD: GDP -.1% q/q 2 negative quarters; China: Retail Sales y/y 12.7% below expectations ECB: Rate Decision

·         Stocks LEN +2.8%  Beat and raise good for homebuilders (KBH DHI) China PBOC easing and strong retail sales lifting China Internets (JD BABA BILI) 

·         General: Leading: KWEB, UUP, USO, XOP, XLU Lagging: /btc, ARKK, SOXX, GDX, ARKQ, XLY, XLK, XBI, faangmt

·         Overview: Macro setup weak with yields and US$ higher and developed equity markets lower post hawkish FOMC meeting.  USA SPY 435 displays  support of 435, and 430 with resistance at 440. SPY expected move +/- 2.4. QQQ 363  with resistance 365 and displays support of 360, and 355 . QQQ expected move +/- 3.2.  Premarket risk-off setup with high beta (AI, FAANGMT) weak. At risk are stocks with high out of the money call buying into Friday Opex. Indices trending overnight, expecting a bounce on open but take care if lows are taken out. QQQ 360 is a key line in the sand. USA data premarket and ECB rate decision will be market movers today.  TSLA is one to watch with large call positions expiring Fri, at risk below 250. AAPL may be used to support markets so watch today

·         Stocks to watch  LEN, KBH, JD, TSLA, AAPL, NVDA   

Spec Names  COIN, RIOT, AI

Pre-800ET
Earnings LEN, KR, POWW

Indices KWEB, UUP, USO, XOP, XLU, /btc, ARKK, SOXX, GDX, ARKQ, XLY, XLK, XBI, faangmt

S&P500 LEN, CZR, TMUS, ANET, TSLA, AMD, CCL, NVDA, QCOM, AMZN, MU, INTC, F

IWM RIOT, AI, S, FRO

WSB BABA, COIN, TSLA, RIOT, PLTR, AI, PLUG, AFRM, AMD, NET, RIVN, UPST, NVDA, AMZN

Movers EQNR, BILI, MNSO, PDD, JD, EURN, MANU, BABA, LI, KSS, TMUS, ANET, COIN, TSLA, RIOT, PLTR, CVNA, AI, GFI, U, PLUG, UPST, SHOP, NET 

Trade Idea: TGT

In my opinion, TGT is a reversion to the mean idea tied in with Fri Opex where puts will be closing. TGT has drastically underperformed WMT COST due to negative press in addition to less reliance on food sales. Potential swing idea with 140 target