.

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-7:30 ET 

Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Slight Positive equity global set-up

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

·         Yields: Yields are higher Currencies:  USA -.02% 

·         News: China: CPI PPI Y/Y negative – market looking for stimulus USA: 10y bond auction 13ET

·         Stocks: Earnings: AXON +13%, ARRY +15%, CELH +15%, PENN +15%, CPNG +6%, TWLO +5%, SMCI +16%, UPST -17%, RBLX -8%, PENN & ESPN partnership is boosting PENN and knocking DKNG. DIS reporting after close, bid premarket.

·         Overview: USA SPY 449.5 displays a support of 448, 445, and 440 with resistance of 450, 452, 455, and 460. The SPY is expected to move +/- 1.97, the QQQ 372.7 shows resistance of 375 and 380 with a support of 371.5, 370, and 365. QQQ is expected to move +/- 2.2. The USA has been consolidating slightly positive since the European open. The Macro set-up is neutral with yields and US$ relatively unchanged. The big macro event today is the 10y bond auction at 13:00 ET so take care. Indices are still negative gamma which can lead to higher volatility, and downside risk remains if SPX is < 4550. The SPY 450 and QQQ 375 are my bull bear lines, and SPY 452.5 has been a consistent resistance level. Earnings names, energy and potentially AAPL (buybacks coming).

·         Stocks to watch: ARRY, AXON, CELH, PENN, AAPL, DIS, PENN, BABA      Spec Names: SMCI, RBLX, UPST 

Pre-8:00 ET
Earnings: ARRY, AXON, CELH, CPNG, DUOL, MRTX, QGEN, PENN, CPNG, RIVN, RBLX, SMCI, UPST

Indices: KWEB, USO, XLE, ARKF, ARKK, EEM, ICLN, DBC, XOP, IWM, HACK, EWZ, XLY, QQQ, XLK, VXX, /BTC

S&P500: AXON, AKAM, FTNT, DIS, TJX, HAL, MRO, OXY, APPA, CZR, WDC, XYL, UPS, IBM

IWM: CELH, ARRY, DUOL, IONQ, WRBY, TH, RXRX, MOD, FRO, MSTR, SMCI, BMBL, APPS, TDS

WSB: BABA, MSTR, UPST, AFRM, PLTR

Movers: PENN, CPNG, IONQ, BABA, BILI, RBLX, DIS, DOCS, UPST, SMCI, LYFT, DKNG

Trade Idea: PENN
In my opinion, PENN is in play with a deal with ESPN and earnings. Currently, 29.5 with the previous high of 33.45 on the announcement. One can consider long > 30 with a swing target of 35. Pullback >28 may be used for a day trade long.