.

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

Market Setup- Pre-730ET 

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

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

·         Yields: Yields are lower Currencies:  USA -.21% YEN: +.58%

·         News:  USA: CPI at 830ET   China: State support to platform companies

·         Stocks  DPZ +11.5%, UBER +1% deal CNK +6.7% upgrade  

·          General: Leading: KWEB, KRE, ARKF, EEM, XBI, TAN, SMH 

Lagging: VXX UUP

·         Overview: Note: CPI print came in below expectations and lifting markets. If SPY can stay above 446, potential for 450. USA SPY 443.5 displays support of 440, 438, 436, and 435 with resistance  443, 445. SPY expected move +/- 2.7. QQQ 369.4 with resistance at 370 and displays support of 364, and 362 . QQQ expected move +/- 3.  Macro setup positive with US$ and yields lower.  CPI print at 830ET will be market moving. Last 2 days has seen outperformance in small caps and spec tech  and high short names at the expense of Ubercap FAANGMT stocks due to rebalance. Watch for  potential reversal back to FAANGMT soon. Post CPI volatility should drop which is positive for equities.

·         Stocks to watch  DPZ, BABA, TSLA, DKNG, AMZN, CSCO   

Spec Names  CNK, RIVN, AI, RIOT, AFRM

Pre-800ET
Earnings WDFC

Indices KWEB, KRE, ARKF, EEM, XBI, TAN, SMH, VXX, UUP

S&P500 DPZ, GM, CSCO, ATVI

IWM CNK, VCYT, MARA, RIOT, ENVX, IONQ, SMCI, OSTK, SILK, RDFN, NE

WSB HOOD, BABA, PLUG, RIOT, UBER, NIO, TSLA, PLTR, AFRM

Movers DPZ, CNK, BILI, DKNG, STM, JD, PDD, BIDU, EDU, COTY, INMD, RIO, ROKU, STLA, RIOT, SILK, RDFN, ZIM

Trade Idea: DKNG

DKNG is moving with an upgrade with a BofA upgrade to 35. Premarket high 30.3 can be used for a momentum long or pullback > 30. Short term calls at 30.5 can act as resistance or acceleration above.