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Date: Oct 19, 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 – Negative equity global set-up

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

·         Yields: Yields higher Currencies:  USA -.09%

·         News:  USA: UE claims 830ET, Philly Fed 830ET; CB Leading Index 10ET; Powell and minions 12ET CAD: 

·         Stocks:  NFLX +13%, TSM +3.5%, T +4.9%, BX -3.85%, LRCX -2.7%, CCI -4.3%, ZION -4%, TSLA -7% EPS report
Overview: USA SPY 430.4 with support at 430 and resistance at 435, 438 and 440.  SPY expected move +/- 3.6, QQQ 363.96 with resistance at 365 and support at 362 and 360.  QQQ expected move +/- 4.04.  Global equities are risk-off with USA as an outlier with technology supporting and yields are sharply higher which adds to risk.  NFLX earnings are lifting streaming names like ROKU, DIS; TSM forecast is leading to a bounce in semis (NVDA, AMD).  TSLA weakness is being papered over by AMZN, MSFT, NVDA, META which indicates the invisible hand is trying to support the market. USA indices are at support with SPY at 430 and SPX at 4300 for the support levels.  Daily expected moves are important to watch today for support and resistance as are the major gamma levels. Today’s daily expected move levels: SPY (433.81-426.61), QQQ (367.4-359.2), IWM (174.7-167.9) and SPX (4350.6-4314.6). 

Stocks to watch NFLX, TSM, NVDA, CRWD, AMZN, MSFT, LVS, TSLA, GOOS     

Spec Names VKTX 

Pre-800ET
Earnings NFLX, LVS, KEY, T, TSM, CCI, DFS, LRCX, TSLA, ZION, BX, PM

Indices /btc, faangmt, MSOS, SMH, QQQ, KWEB, LIT, XLY, TLT, VXX, XLE, XOP, USO, EEM, ARKK, XLU

S&P500 NFLX, LVS, T, UNP, BBY, AAL, NVDA, VZ, DHR, TSLA, EFX, ROL, ZIO, BX, LRCX, ENPH, DVN, F, CCL, ALB, GM

IWM SUM, CERE, SMTC, FL, LPG, WERN

WSB NVDA, TSLA, RIVN, BABA, F

Movers NFLX, SUM, LVS, T, UNP, TSM, ASML, BBY, ROKU, ZS, CRWD, EH, AAL, VZ, FCX, SMTC, GOOS, TSLA, FL, EFX, VMW, ZIO, BX, ROL, JD, XPEV, LI, BIDU

Trade Idea: TSLA

TSLA premarket low 224.25 after earnings.  Above 225 look for 230, 235 and < 225 look for 220 and lower.