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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

·       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 lower Currencies:  USA +.38% 

·       News:  USA Job Cuts 7:30 ET; PCE, UE claims 8:30 ET; Chicago PMI 9:45 ET; EUR CPI 5.3% y/y

Stocks: Positive Earnings CRM +5.9% OKTA +10.3% CRWD +1% UBS +4.9% CIEN 3.89% VEEV +1.3% ASO +10% 
Negative Earnings DG -15% VSCO -6.6% CHWY -4.7% CM -0.6%
TXN -2% downgrade. HP earnings in theory weigh on suppliers to the PC market (AMD INTC).   

Overview: USA SPY 452.4 support 440 and resistance 455. SPY expected move +/- 2.1 QQQ 377.7 with resistance 380 and support 372, 365, and 360. QQQ expected move +/- 2.4.  Macro set-up is mixed with yields lower and US$ higher ahead of PCE and UE claims. USA indices are tilted to risk-on with outperformance by the riskiest tech stocks. Indices are now in positive gamma which should reduce volatility.  The end of month is typically strong and technicals are bullish with caveats that indices and some key stocks are above expected moves for the week and top of risk range. Data premarket will be market moving. SPX bullish as long as > 4500

Stocks to watch CRM SHOP AMZN DG Spec Names OKTA AMC CHWY

Pre – 8:00 ET
Earnings CRM, CRWD, VEEV, COO, OKTA, CHWY, PSTG, FIVE, VSCO, UBS, CM, DG, HRL, CPB, CIEN, HCP, OLLI, ASO, SIG, CAL, BEKE

Indices ARKF, USO, /btc, ARKK, UUP, KRE, XLF, IWM, HACK, KWEB, EEM, VXX, euro 

S&P500 CRM, ANET, DG, HRL, DLTR, TSN, D

IWM RIOT, RKLB, ACHR, UUUU, GOGL, MARA

WSB AMC, RIOT, PLTR, BABA

Movers OKTA, SHOP, HE, CRM, UBS, EH, MNSO, AMC, GOGL, CRWD, RIOT, MARA, CRWD, DG, VSCO, BEKE, PLTR, HRL, BILI, DLTR, SBSW, JD, FUTU, BABA

Trade Idea: SHOP

SHOP is in play today with the announcement of a deal with AMZN. Premarket high $65.19, very extended premarket. Large open interest at $65 which can serve as resistance or lead to a gamma squeeze higher. Swing targets based on technicals $70, $80. Intraday pulls are an idea.