.

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 lower Currencies:  USA –.13% 

·         News:  USA Final services PMI 945ET; EUR Retail sales -.2% m/m; German factory orders -11.7% m/m; CDN: BOC Rate decision
Stocks: Positive Earnings GTLB +5.6%; Negative Earnings ZS -1% ASAN -4.3% PLAB -8%; Movers ROKU +10.3%;   layoff bump GOGO +6.8% buyback boost, high short interest name, LUV -4% airlines are warning on margin due to oil

Overview: USA SPY at 448.2,  support 448 & 445  and resistance 455 . SPY expected to move +/- 0.65.  QQQ at 377 with resistance  at 380  and support at  375 372 365 360 . QQQ expected to move +/- 2.0.  Macro set-up is mildly positive with US$ and yields lower, but European data continuing to weaken. USA indices are mild risk-off but Russell is outperforming, and ARKK is leading, so may see bounces in the sectors which were hit on Tues. Tues was marked by very low breadth and S&P500 was supported by a few stocks. Russell 2000 is at the bottom of the expected move for the week and hence at a bounce or breakdown level. SPY is below the key 450 level with little short term support below. SPY is in a short term downtrend which started Fri and risk for continuation lower until 450 recaptured. META and GOOGL are the only positive mega caps which is a risk into the open.

·         Stocks to watch:  XLP, ROKU, META, DXCM,  AAPL, LUV, ZS,   Spec Names: ROKU, GTLB, GOGO,

Pre-800ET
Earnings: ASAN, GTLB, PLAB, ZS

Indices:  ARKK, TLT, VXX, KWEB, euro, /btc, JETS, USO, XLK, QQQ, XLF

S&P500: DXCM, FSLR, GIS, STZ, MRNA, KR, LUV, D, CCL, UAL, ALLR, DAL, NCLH

IWM: GOGO, SMTC, AI, HQY, PLAB, ASAN

WSB: AI, NET

Movers: ROKU, GTLB, BEKE, TOST, DXCM, MP, MANU, AI, EQNR, CHWY, TTD, ENB, PLAB, EURN, ASAN, LUV, SQ, D, CCL, UAL, SNAP

Trade Idea: MSOS

Tues idea repeated today. Momentum is strong and call buyers raising strikes to 9 and 10. Risky space so care required.  Premarket high 8.75 can be used for a momentum trade or pullback >=8