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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 higher           Currencies:  USA -.11%

·         News:  USA: Loan officer survey 14ET; EUR: German factory orders 0.2% vs 1.9% previous; Services PMI 47.9;  CDN: PMI 10ET 54 expected

·         Stocks:  RYAAY +9%, BNTX +2.75%     DISH -6%, SATS -2.8%, Earnings reactions
Overview: USA SPY 435.3  support 435  and resistance 436.3 437.4 440. SPY expected move +/- 2.65   QQQ 366.2 with resistance   369 370 371 and support  365. QQQ expected move +/- 3.3.  USA indices flat premarket with global indices mixed. Long yields higher and US$ flat is a negative set-up. Indices made 2 standard deviation moves last week and are technically stretched. Indices are now positive gamma which means that moves will be smaller and there is less upward fuel from puts. Indices are now call heavy which can act as resistance but can can squeeze if call buying comes in. Risk reward now tilted to risk; however CTA buying, corporate buybacks and fund managers reaching for bonuses can lead to higher levels. China names and selective spec tech are strong premarket, may be a trap or a continuation of short positions unwinding. SPY 435 is an important reference level and SPX 4300 a major bull/bear level.   Today daily expected move levels: SPY (437.3-432) QQQ (371-364.4), IWM (176.7-172.3) SPX(4384.8-4331). 

Stocks to watch:   TSLA, NVDA, CRSP, UBER,   AAPL,  UNG,     Spec Names: CRSP, RIOT, LI, IONQ,

Pre-800ET
Earnings:   RYAAY, BNTX, KOS, CEG,  DISH, SATS

Indices: /btc, KWEB, EEM, LIT, USO, SLX, TAN, XLE, XBI, ARKK, JETS, IBB,   VXX, GLD, TLT, GDX 

S&P500: TSLA, KEY, MRNA, ENPH,   PARA, FTNT

IWM: RIOT, MSTR, IONQ, CELH, TGTX, AI, SMCI,  APLS 

WSB: AMC, RIOT, MSTR, TSLA, COIN, UPST, BABA, RIVN, AI, NVDA  

Movers: LI, CRSP, BEKE, FUTU, BILI, BNTX, XPEV, CELH, EDU, IONQ, CVNA, JD, U, MLTX, BMBL, SPHR, APLS, PARA, FTNT, ALB,

Trade Idea: TSLA

It’s Monday so TSLA is in play plus some news about a German plant. Long idea > 225 and fade < 222.5. Resistance at 226-230. Support 220.