.

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 – Positive  equity global set-up

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

·         Yields: Yields are lower Currencies:  USA -.35% 

·         News:  USA: PCE at 8:30 ET; UofM Sentiment 10:00 ET CDN: GDP 8:30 JP: Potential loosening of monetary policy 

·         Stocks: Earnings:  INTC 6%, SKX +5%, ROKU +9.4%, MDLZ +2.7%, PG +1.6%, ENPH -15%, F -1%   

·          General: Leading: KWEB, ARKK, EEM, XPH, SOXX, EWZ, GDX Lagging: VXX, UUP, TAN, XLE

·         Overview: USA SPY 455.2 displays support of 455 452, 450, 448, 445, 440, with resistance at 460. SPY expected move +/- 2.6. QQQ 380.4 with resistance  385, 390 and displays support of 375, and 370. QQQ expected move +/- 2.9.  Macro setup is bullish with US$ lower and yields lower after hiccup Thurs on report that BOJ may change yield control limit but no big change occurred. Equities have risen since Thur afternoon into PCE report which will be market moving. Consumer sentiment at 10am will also be market moving. Opex today and a combination of shorts/puts Thurs and a inline or lower PCE print can lead to a sharp rise, which futures are front running. SPY 455 and QQQ 380 are bull bear lines. INTC earnings and mention of AI:) has bulls stampeding into AI stocks and semis. China stocks are the top performers. Solars are a mixed bag with FSLR (high short interest) strong and ENPH crushed (bounce or continuation)

·         Stocks to watch  INTC, META, AMZN, NVDA, ENPH, JNPR  Spec Names  RIVN, NIO, IONQ, OSTK, TUP

Pre-800ET
Earnings COUR, FSLR, ROKU, INTC, SIMO, AZN, SKX, X, PG, MDLZ, DXCM, QS, ENPH, JNPR, DECK, F, BYD, AVTR, XOM

Indices  KWEB, ARKK, EEM, XPH, SOXX, EWZ, GDX, XBI, QQQ, VXX, UUP, TAN, XLE

S&P500 FSLR, INTC, DXCM, MDLZ, KLAC, AMD, QCOM, DLR, PG, NVDA, ON, AMZN, ENPH, JNPR, SEDG, CSCO, F

IWM RETA, COUR, IONQ, RXRX, AI, RIOT, MARA, CROX, ENVX

WSB NIO, PLTR, BABA, AFRM, UPST, AI, RIVN, RIOT, AMD, COIN, NVDA, PLUG, AMZN, UBER, TSLA, F

Movers RETA, COUR, FSLR, ROKU, BILI, EDU, XPEV, INTC, SIMO, AZN, LI, BEKE, NIO, PLTR, QS, JD, TTD, IONQ, AI, U, ENPH, SEDG, CSCO

Trade Idea: ARKK

In my opinion, ARKK is a way to trade spec tech assuming market stays risk on (Casino open).  Premarket high 48.1 with target above 48.5 and 49. Opex day today so may leak later in the afternoon if stalls.  High open interest is 50 for today expiration META has been squeezed above the expected move which was 320. Premarket high 330 corresponds to a high call open interest level. Gamma squeeze potential above 330 towards 335 and 340. Fades > 220 are likely buyable. If price < 220 would be a concern that squeeze is over and would be a fade.