.

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 – Neutral  equity global set-up

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

·         Yields: Yields are lower Currencies:  USA +.0% 

·         News:  Europe: MFG PMI weak and declining, Services PMI > 50 but declining; USA: PMIs at 9:45 ET

·         Stocks AAPL +.5% upgrade & positive report GOOGL .9%  Strongest FAANGMT DPZ +.4% Rev miss, 4% premarket reversal; TSLA -1.5% continuation lower 

·          General: Leading: DBC, USO, faangmt, XLK, USO, SLX Lagging: /btc, /6e, KWEB, SPLV

·         Overview: USA SPY 452.8 displays support of 452, 450, 448, 445, and 440 with resistance at 455. SPY expected move +/- 1.8. QQQ 376.4 with resistance  380, 385, 390 and displays support of 375, 370. QQQ expected move +/- 2.5.  US indices are modestly higher with rest of globe negative. Yields lower is positive but US$ is edging higher on poor Eutopean PMI data. QQQ is trading post reweighting and so far moderately higher with GOOGL and NVDA leading.  AAPL with 2 upgrades may get a bid. Commodities are continuing higher with softs moving on Ukraine deal off and energy stronger. TSLA continues to slide and is countering the positive FAANGMTs

·         Stocks to watch GOOGL, UBER, ETSY, XP, TSLA, COIN  Spec Names  AMC, IONQ, RIOT 

Pre-800ET
Earnings DPZ, VOD

Indices DBC, USO, faangmt, XLK, USO, SLX, IPO, EEM, QQQ, /btc, /6e, KWEB, SPLV

S&P500 WBD, ON, TSLA, DPZ, AXP

IWM SNDX, APLS, IONQ, MARA, RIOT

WSB GME, NIO, RIOT, COIN, MSTR, TSLA

Movers SNDX, SYM, EDU, APLS, GME, SHOP, BEKE, NIO, MAT, XPEV, IONQ, PHG, RIOT, MARA, TWLO, COIN, AXP, UL, JD, BIDU, TSLA

Trade Idea: GOOGL

GOOGL is a pre-earnings candidate leading FAANGMT in the premarket. Expected move for the week +/-7.3.  Darkpool buyers 119.9 can be support. Targets 122 and 124 on hourly chart. Caveat may see volatility with QQQ trading post re-weighting