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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 – Positive – pre ECB, PPI, equity global set-up

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

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

·         News:  USA: PPI, Retail sales, UE claims 8:30 ET  Europe: IECB rate decision JPY: Machinery Orders -1.1% /m
Stocks: MRNA +4% cutting Covid vaccine production, MTCH +2% JPM Upgrade, FITB +1.9% Dividend raise, TSLA +1.0% Positive comments, and Indian part supply + ECB investigating Chinese EV  subsidy :)
Overview: USA SPY 448.4 with support at 445, 443, and resistance at 450, 455.  SPY expected move +/- 1.9, QQQ 375.9 with resistance at 375, 377, 380, and support at 370, 365.  QQQ expected move +/- 2.2. Global indices are higher ahead of market moving ECB rates decision, USA PPI & Retail Sales. Premarket equities and commodities are pricing in a weaker US$ but are not being reflected in the currency market hence potential for reversal once ECB decision and conference call.  SPY and QQQ premarket are at levels where substantial dark pool sellers have been present hence looking for a breakout (short cover) or reversal.  ARM IPO today is igniting the semi animal spirits boosting NVDA to the top of the FAANGMT leader board but all are bid premarket.  Major caveat is a lot of data to be reported and selling rips has been the algo modus operandi so take care on the chase.  SPX expected to trade [4500 – 4450]  based on dealer positioning

·         Stocks to watch ETSY, FCX, CCL, NVDA,  RTX  Spec Names ARM, RIOT,  MSOS  

Pre-800ET
Earnings SMTC

Indices MSOS, KWEB, USO, SLX, SMH, /btc, XLE, XME, XLB, EFA, VXX, TLT, UUP

S&P500 ETSY, FCX, NCLH, CCL, PYPL, SLB, NVDA, MU, OXY, V, HPQ, RTX

IWM ETSY, FCX, NCLH, CCL, PYPL, SLB, NVDA, MU, OXY, V, HPQ, RTX

WSB RIOT, CLF, NIO, UPST, BABA, NVDA, COIN, AU

Movers RIO, BHP, PENN, ETSY, FCX, VALE, AA, BEKE, SMTC, NCLH, RIOT, PDD, COIN, FRO, V, HPQ, RTX, RRIOT, CLF, NIO, UPST, BABA, NVDA, COIN, AU

Trade Idea: AAPL

AAPL is below major support (175) and premarket is weak in spite of overall index strength. Potential fade less than 174 or failed bounces less than or equal to 180.  Downside targets 172, 170, 165.