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Date: Oct 5, 2023 

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

** ‘d’ – day

**govt – government 

Color Key: Positive – Neutral – Negative

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

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

·         Yields: Yields lower         Currencies:  USA -0.15%

·         News:  USA:  UE claims 830ET; FED Barr 1215ET; Challenger Job Cuts 47k previous 75k CDN: PMI 10ET 50.8 expected 

·         Stocks:   RIVN -9% bond issuance; CLX -4% -guidance CAG -1.2% EPS  JPM -0.7%J

·         Overview: USA SPY 424.7 with support at 420,  418  and resistance  of 425, 430. SPY expected to move +/- 3.3  QQQ at 360.1  with resistance at  360 362  and support at 355 350. QQQ expected to move +/- 3.35.  Macro factors are mildly bullish with yields flat and US$ weaker. USA indices are mildly negative, led by FAANGMT with NVDA and TSLA outperforming. Indices pulled back with less job cuts and will react to the UE claims at 830ET. Non-farm payrolls Fri will be a major event, hence caution is expected today. Today daily expected move levels: SPY (428 – 421); QQQ (363-356); IWM (174.4-168). Daily expected moves can be used for support/resistance with acceleration on crosses.

Stocks to watch NVDA LW   RIVN XOM CLX ASML    Spec Names  CDAY

·          

Pre-800ET
Earnings: STZ, LW, CAG

Indices: MSOS, EFA, /btc, QQQ, EEM, GDX, USO, XLE, XOP, TLT, GLD, XLF, IWM

S&P500: CDAY, PH, ORLY, MU, CNP, WDC, UAL, AAL, NVDA, TSLA, CLX, CARR, TSCO, FANG, VLO, XOM, SLB, HAL

IWM: APLS, EXTR, CPE, SHLS, FRO, FSLY, NE 

WSB: RIVN

Movers: EURN, APLS, PINS, BTI, RBLX, MU, RIVN, CLX, CARR, FRO, BP, LI, CPE, FSLY, DVN, SLB

Trade Idea: QQQ

QQQ has flipped from green to red with the UE claims report. Fade < 358.5  with target 356.4 which is the bottom of the expected move for day with acceleration to 355 below. Longs possible over 360 with a tight stop