.

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 negative  equity global set-up

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

·       Yields: Yields higher Currencies:  USA +.48% 

·       News:  USA Factory order 10ET EUR European Service PMIs contracting weaker than expected China: Caixin service PMI 51.8 vs 53.6  expected
Stocks: Positive Earnings BRC +8.8% Negative Earnings TCOM -3% Movers ABNB +5.4% BX +3.7%  added to S&P500  NVO +1% weight loss drug launched in UK

Overview: USA SPY 450.7  support 450  and resistance   455 . SPY expected move +/- 1.9  QQQ 376 with resistance   380  and support  375 372 365 360 . QQQ expected move +/- 2.3.  Macro set-up is negative with US$ and yields higher; China and European service PMIs in contraction and worse than expected. USA  Indices are risk-off with small-caps weakest and DJIA the strongest. FAANGMT are all negative with AAPL the weakest after a strong move Friday. In theory the macro backdrop is very negative but liquidity is supportive. Bull/bear levels SPY 450, QQQ 375, IWM 188.

·       Stocks to watch BX ORCL ABNB    AAPL AMD NVDA   Spec Names MNSO MSOS SYF

Pre-800ET
Earnings BRC 

Indices  UUP /btc VXX KWEB GDX IWM TLT EEM GLD USO ARKK euro SMH

S&P500 VTRS LW ORCL SYK DPZ KEYS BIIB NTAP CNC CTVA SYF RMD FE AAPL PXD WBD CCL LUV FMC NVDA

IWM BRC INSM APLE SHLS ACMR HASI CIVI FRO IONQ BBIO

WSB ORCL CCJ PLTR

Movers MNSO ABNB BX APLE SHLS TSEM ALLY HASI ORCL CNHI VTRS MANU LI CIVI BEKE TCOM DB FRO BILI GFI CCJ IONQ

Trade Idea: MSOS

Cannabis stocks are in play after a suggested change in the classification of Cannabis to a lower risk drug. MSOS is an ETF that holds a basket of companies