.

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 – Negative  equity global set-up

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

·         Yields: Yields are lower Currencies:  USA -.08% 

·         News:  USA: ADP non-farm payrolls; Big story is Fitch downgrade of USA debt that was released after the close

·         Stocks: Earnings:  MTCH +9.5%, HUM +4.8%, EMR +4%, XYL +2.3%, AMD +2.1%, GNRC -15%, SFM -9%, DT -6.4%, SBUX -1%

·          General: Leading: VXX, /btc GLD  Lagging: TAN, KWEB, ICLN, ARKK, EEM, IPO, KRE, IWM, XLY, SOXX, JETS, EFA, QQQ, XLK 

·         Overview: USA SPY 454.2 displays support of 452, 450, 448, 445, 440  and with resistance of 455 460. SPY expected move +/- 1.7 QQQ 379.5 with resistance at 380, 385, 390 and displays support of 375, 370. QQQ expected move +/- 2.1.  Global equities are risk-off with debt upgrade. Macro setup is negative with US$ higher and yields higher. Spec tech, China internet are leading to downside. Positive earnings results lifting healthcare insurers, construction (materials, HVAC, electrical) and negative from SEDG weighing down solars. SPY 452, QQQ 375 remain key support levels. Treasury issuance report today may be market moving (time TBD)

·         Stocks to watch  AMD, EMR, HUM, ELF, BLDR, TSLA, AAPL, AMZN, SEDG  Spec Names MTCH, YOU, FRSH, IONQ

Pre-800ET
Earnings OSK, AMD, ELF, FLS, FRSH, MTCH, BLDR, CVS, EMR, HUM, PERI, VRT, YOU, XYL, CVS, ENPH, GNRC, SFM, EA, KHC, DT, SBUX  

Indices  VXX, /btc, GLD, TAN, KWEB, ICLN, ARKK, EEM, IPO, KRE, IWM, XLY, SOXX, JETS, EFA, QQQ, XLK 

S&P500 MTCH, EMR, HUM, AMD, SEDG, GNRC, PTC, NCLH, CCL, ENPH, TSLA, ANET, NVDA, GOOGL, DVN, SBUX, AAL, MU, F, META

IWM ELF, YOU, TGTX, SFM, IONQ, AI, RXRX, STNE, LMND, SMCI

WSB AMD, NIO, AFRM, AI, UPST, PLTR, RIVN, BABA, PLUG, SOFI, TSLA, NVDA, COIN

Movers VRT, ELF, FRSH, YOU, MTCH, HUM, EMR, PERI, AMD, TGTX, CVS, CCEP, MARA, SEDG, GNRC, SFM, XPEV, DT, NIO, AI

Trade Idea: HUM
HUM is in play on positive earnings report which is lifting the healthcare insurers. Currently rising in premarket with high 488.25.  Potential target of 500 which would close the gap down. UNH is another way to trade healthcare insurers