.

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 +.27% 

·         News:  USA: Housing starts, Building permits at 8:30 ET UK: CPI and PPI below expectations -> lower yields, pound

·         Stocks MSFT +0.5% momo after 4% surge   HAL -1.86% EPS GS -.5%,  EPS ELV +4%, EPS CVNA +27% Debt restructure T +5.6%, FYBR +10%, VZ +3.8% Cable issue overblown?

·          General: Leading: TSLA, NFLX, NVDA, ENPH Lagging: GDX, LIT, EWZ, IWM, XLF

·         Overview: USA SPY 454.2 displays support of 450, 448, 445, and 440  with resistance at 455. SPY expected move +/- 1.8. QQQ 386.5 with resistance at 390 and displays support of 380, 378, and 375. QQQ expected move +/- 2.4.  Global equities flat premarket with lower yields and higher US$ at odds. FAANGMT and Spec tech strong premarket and MSFT move Tues indicates that AI euphoria is strong. Telecom names bouncing on report that cable issue over blown. Health care insurers bounce on ELV earnings. TSLA and NFLX may get a bid into earnings and move markets post report.

·         Stocks to watch  MSFT, AMZN, TSLA, T, FYBR, BABA, NFLX, HAL Spec Names  AI, U, CVNA, IONQ, RIVN, RXRX

Pre-800ET
Earnings ALLY, ASML, BKR, CFG, ELV, GS, HAL, NDAQ 

Indices KWEB, /btc, IYZ, ARKK, KRE, faangmt, USO, UUP, GDX, LIT, EWZ, IWM, XLF

S&P500 T, ELV, VZ, QCOM, SCHW, CSCO, NFLX, CRM, OMC, BKR, HAL, JNJ, USB

IWM MARA, AI, RIOT, IONQ, RXRX, SMCI, JOBY, CNK, RDFN, BBIO

WSB BABA, RIOT, COIN, AI, RIVN, NIO, UPST, PLUG, NET,

Movers FYBR, T, VZ, PDD, BILI, BABA, MARA, XPEV, RIOT, OPRA, RXRX, IOT, UNH, SPWR, RIO, FCX, PLTR, AA

Trade Idea: TSLA

TSLA down post earnings but within the expected move. Premarket 279. Straddle approach: above 282, potential bounce to 285, 290 and below 277.5 potential fade to 275, 270. Shorts may cover at open, longs should be looking out for failed bounce.