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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: 30Y Bond -.18% Currencies:  USA -.06%

·         News: Europe: German ind prod -0.7% m/m; UE rate 6.4% Japan: Tokyo Core CPI 2.1%
Stocks: AEHR -15% lEPS; ISRG +5% prelim revenue 3% higher AAPL -0.3% another downgrade
Overview: USA SPY 473.9 with support at 472.5 and 470, and resistance at 475 and 476.6; SPY expected move +/- 2.0.  QQQ 406 with resistance at 407.6 and 410, and support at 405, 402.4, and 400; QQQ expected move 2.6. USA indices are flat after an overnight pop and drop. Macro factors are mixed ahead of the CPI with yields and US$ lower but oil higher. Large cap tech, medical equipment, energy, biotech and cyber security are leading.  AAPL downgrade is being masked by the buying of other MAG7 stocks with NVDA still in an unrelenting move higher with AMD and ARM riding shotgun.  Bitcoin is down for the moment as the soap opera of whether the SEC will approve a multitude of ETFS continues.  Breaches of daily expected moves can lead to outsized moves. Today’s daily expected move levels: SPY (475.9-471.9), QQQ (408.4-403.1), IWM (196.8-193.2), and SPX(4776.6-1736.4). 

Stocks to watch ISRG, AMZN, NVDA, MSFT, AMZN, AAPL

Spec Names SMCI, ARM, FRO 

Pre-800ET
Earnings PSMT, WDFC, AZZ, AEHR

Indices USO, DBC, XLE, XOP, GLD, VXX, HACK, KWEB, EEM, IWM, TLT, EFA, IGV, SOXX, KRE, EWZ, XLY, XLF, /btc

S&P500 ISRG, LEN, GILD, ETSY, ALB, ON

IWM TGTX, BE, RXRX, SMCI, SM, MARA, RIOT, CLSK, MSTR
Movers TGTX, TOST, ISRG, BE, RXRX, SMCI, CPRE, S, STLA, VKTX, ZIM, SM, ARM, NVDA, CHWY, MARA, RIOT, HUT, CLSK, COIN, LI, GILD, MSTR, SQM, Z, BHP

Trade Idea: AMZN

AMZN is +.5% premarket and may continue to compensate for weakness in AAPL.  Daily expected move 154.1-148.6. Consider long >152.2.