.

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 -.34% 

·         News:  USA: PPI, UE claims at 8:30 ET   UK: GDP -.1% m/m vs -.3%

·         Stocks  DAL +3.8% EPS  PEP +2.2% earnings  TTD +5%  added to Nasi100  July17; FAST CAG earnings META upgrade

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

Lagging: VXX UUP

·         Overview: Pre-PPI: USA SPY 447.9  support 445, 440 and resistance  450. SPY expected move +/- 1.9. QQQ 375.75 with resistance 380 and support 370, 365. QQQ expected move +/- 2. Macro setup positive with US$ and yields lower.  PPI print 830ET will be market moving. FAANGMT stocks are back in the driver seat, maybe rebalance is considered done. Travel and leisure will be boosted by DAL earnings and China names continue to be strong.

·         Stocks to watch  DAL, PEP, TTD, DKNG, META, JPM, INTC, FAST   

Spec Names  ENVX, AI, AFRM, BILI

Pre-800ET
Earnings CAG, DAL, FAST, PEP, PGR

Indices JETS, KWEB, EFA, /btc, EWZ, SMH, ARKK, SOXX, ICLN, VXX, UUP

S&P500 DAL, AAL, UAL, PEP, META, PANW, PYPL, GOOGL, AMZN, ENPH, FCX, CAG, FAST

IWM ENVX, SPWR, JOBY, MATA, AI, RDFN, RDFN, TGTX

WSB CCJ, AFRM, AI, BABA, PLTR, NVDA, PLUG, UBER, NET

Movers TTD, COHR, DAL, SE, EH, BILI, JD, AAL, PDD, ENVX, SPWR, PEP, SONY, JOBY, SNOW, CCJ, TGTX, CVNA

Trade Idea: TTD

TTD is being added to Nasdaq100. Stock is already extended but potential for further upside with calls at 90 and 95. Premarket high 89 can be used for a momentum trade or pullback >=  86