.

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 – Slight Positive equity global set-up

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

·       Yields: 30Y Bond +.05% Currencies:  USA -.37%

·       News:   CDN:  Retail Sales 830ET UK: CBI realized sales -32 vs -11  USA: GDP, UE claims, Philly Fed 830ETET  

·        Stocks:   KMX +7%  MU +6.9% EPS  WDC +3% sympathy to MU  ENPH +1.9% FSLR +1.8% solars
Overview: USA SPY 470.7 shows support of 470 and 465 with resistance of 472 and 475. I expect the SPY to move +/- 3.4. QQQ 406.1 displays resistance of 406.4 and 410  with support of 405 and 400. I expecte the  QQQ to move 3.3. USA indices bounced after Wed late afternoon 0DTE led drawdown. Macro factors are supportive with the US$ lower and yields lower. Risk-on names are leading and should the bounce continue, I will look for high short interest names to be strong. Caveats: bounce has been strong already, USA economic data will be released 830ET.   Today’s daily expected move levels: SPY (471.7- 464.8)  QQQ (406.4-399.8), IWM (198.3-194.3) SPX(4732.6-4664.2). 

·       Stocks to watch GOOGL CRM PARA FDX AMZN  GIS UPS  

·       Spec Names MARA  CLSK  

Pre-800ET
Earnings   MU BB CTAS PAYX CCL KMX APOG 

Indices KWEB ARKK /btc SOXX SMH XBI EWZ GDX TAN IWM TAN EEM ICLN USO VXX UUP TLT

S&P500 KMX MU WDC ENPH FSLR TSLA ON KEY BA CZR AMD F NVDA ALB AMAT    PARA WRK

IWM IMVT CLSK MARA RIOT IONQ NOVA LMND AI MSTR ENVX FRO SMCI SAVA
Movers IMVT MU KMX CLSK MARA HUT CVNA WDC AFRM RIOT OPRA RUN UPST BILI YPF IONQ ZIM SAVA

Trade Idea: IWM

IWM is the leading USA index as markets rebound after Wed late day drop. Pre-market and ahead of econ data high short interest names are leading which is positive for IWM. Premarket high 198.5 can be used for a momentum long with target 200. Potential fade < 198 with targets 197, 195