.

Color Key: Positive – Neutral – Negative

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 –  mild negative  equity global set-up

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

·         Yields: Yields are higher

·         Currencies:  US $+.02%

·         News:  USA: UE Claims at 8:30 ET; Powell at 10:00 ET  UK: 50bps rate increase CHF: 25bps increase

·         Stocks ACN -5.2% weaker forecast  BA -3% Strike at SPR   OSTK  +9.5% buying BBBY IP  AAOI +8% MSFT deal KBH +1.6% Earnings 

·         General: Leading: VXX UUP faangmt  Lagging: oil spec_tech gold_miners consumer_discr Semis

·         Overview: USA SPY 433.9 displays support of 433, and 430 with resistance at 435, and 445. SPY expected move +/- 1.9. QQQ 361 with resistance 365, 370 and displays support of 360 . QQQ expected move +/- 2.5.  Global assets are modestly lower premarket with USA indices trading lower overnight. USA indices are close to lower extreme of weekly expected moves which statistically  leans to upside by Fri with caveat that breaks below can lead to outsized moves.  Powell is testifying to USA senate at 10:00ET which can increase volatility.

·         Stocks to watch AMZN, AMD, BA, TSLA, NVDA, ACN, DRI   

Spec Names  AAOI, OSTK, DOCN

Pre-800ET
Earnings CMC, KBH

Indices VXX, faangmt, euro, USO, ARKK, GDX, XLE, XLY, EFA, EWZ, XOP, SMH, JETS, SOXX, GLD

S&P500 NRG, ACN, DRI, BA, TSLA, DOW, AES, NCLH, ENPH, APA, DVN, NVDA, CTSH, HAL

IWM CMC, DOCN, AI, KBH, SMCI, CPE, SDGR

WSB BA, TSLA, PLTR, UPST, AI, NVDA, AFRM

Movers BUD, SPR, ACN, DRI, BA, TSLA, PLTR, AA, DOW, GSK, BHP, GFI, EQNR, UPST, NCLH, ENPH, AI, NVDA

Trade Idea: BA

BA pulled back 3% on supplier SPR strike. BA is a swing bounce candidate. Premarket low 204.5 and currently 206. I will consider long above 205. Stong volume and options support >=200. Break of 200 will indicate that thesis is wrong.