.

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 higher Currencies:  USA +.10% 

·         News:  Europe: German Biz Climate below expectations USA: CB Consumer confidence at 10ET 

·         Stocks: Earnings: GE 3.5%, LOGI +7%, PHM +1.7%, GM 0%, CDNS -3.9%, SPOT -4.8%, DHR -4.8%  

·          General: Leading: KWEB, EEM, EWZ, ARKK, faangmt, LIT, KRE Lagging: JETS, XLV, /6e, USO

·         Overview: USA SPY 454.3 displays support of 452, 450, 448, 445, and 440 and resistance at 455. SPY expected move +/- 2. QQQ 377.3 with resistance at 380, 385, and 390 displays support of 375, and 370 . QQQ expected move +/- 2.8.  US indices are modestly higher with rest of globe negative.  Macro setup is negative with yields higher and US$ lower on renewed talk by China for stimulus and continuing weakening European data. Tech and China internet are the leading sectors and China stimulus leads to a reflexive bid for metals. EVs, MSFT, GOOGL in play as are companies trading post earnings.

·         Stocks to watch  TSLA, MSFT, PDD, BABA, FFIV, SPOT, DHR, ALK, RTX  Spec Names  BILI, UPST, RIVN, BBIG 

Pre-800ET
Earnings CDNS, ALK, DHR, GLW, SPOT, NXPI, BIIB, GE, GM, MMM, PHM, LOGI, FFIV

Indices  KWEB, EEM, EWZ, ARKK, faangmt, LIT, KRE, SOXX, QQQ, JETS, XLV, /6e, USO

S&P500 GE, VZ, MMM, FCX, GM, TSLA, META, NXPI, T, DHR, ALK, LUV, TMO, RTX, DAL, AAL

IWM LTH, CWH, LTHM, FRO, ENVX, IONQ, AI, RXRX

WSB NIO, UPST, BABA, RIVN, TSLA, PLTR, RTX

Movers LOGI, BEKE, UL, LTH, XPEV, NIO, GE, RIO, BILI, CWH, EDU, VZ, UPST, ZS, VALE, GM, FCX, BABA, RIVN, DKNG, T, SPOT, DHR, ALK, LUV, TMO, RTX

Trade Idea: KWEB

KWEB is an ETF of China internet stocks potentially breaking out on daily chart but also at a level where it can stall.  Catalyst is PBOC increasing stimulus to boost economy. Premarket high 30.13 for a momentum breakout or pullback >= 29.5