.

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 – Slight negative equity global set-up

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

·         Yields: Yields are higher Currencies:  USA +.34% 

·         News:  USA: ISM mfg, JOLTS at 10ET China: Caixin mfg PMI 49.2 vs 50.1     Europe: MFG PMI 42.7 vs 42.7

·         Stocks: Earnings:  ANET +13.5%, VRNS +15.8%, TREX +5.7%, UBER +3%, CAT +1.7%, MRK 1.5%, THC +3%, WWD +7%, TGTX -40%, ZI -19%, ZBRA -14.6%, RMBS -10%, MPWR -6%, PFE -1.3%

·          General: Leading: VXX, UUP  Lagging: KWEB, GDX, /btc, EFA, ARKK, SOXX, GLD, EEM, HYG, XBI, KRE, USO, QQQ

·         Overview: USA SPY 456.4 displays support of 455 452, 450, 448, 445, and 440 with at resistance 460. SPY expected move +/- 1.85. QQQ 381.7 with resistance at 385, 390 and displays support of 380, 375, 370. QQQ expected move +/- 2.1.  Macro setup is negative with US$ higher and yields higher. Equities are risk-off with large cap tech and spec tech weak along with foreign stocks due to weak China and European data and stronger US$

·         Stocks to watch  ANET, UBER, MRK, PYPL, DIS, THC, WWD, MSFT  Spec Names VRNS, OCEA, KDNY, IONQ

Pre-800ET
Earnings 

Indices  VXX, UUP, KWEB, GDX, /btc, EFA, ARKK, SOXX, GLD, EEM, HYG, XBI, KRE, USO, QQQ

S&P500 ANET, NCLH, MOS, MRK, PYPL, WYNN, TAP, PFE

IWM KDNY, TGTX, IONQ, MARA, RIOT, AI

WSB UBER, AI, UPST, RIVN, NIO, BABA, RIOT, COIN, SOFI

Movers ANET, UBER, GPS, KDNY, MLCO, LYFT, MRK, WYNN, PYPL,  BP, LI, CAT, APLS, TGTX, ZI, RMBS, IONQ, SOFI, SYM, STLA, XPEV, BILI, MARA, COIN, BEKE, JD, RIVN, BABA

Trade Idea: MRK
MRK is trading higher post earnings with a lift to guidance. Premarket high 109 and currently 108. With weakness in tech today may see rotation into DJIA stocks.  200sma is at 108.5. Targets 110 and 115 above 108.5