.

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

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

·       Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – neutral to positive equity global set-up

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

·       Yields: 30Y Bond -.18%% Currencies:  USA  +.28%

·       News: USA:PPI 8:30ET China:CPI -0.3% y/y PPI -2.7% y/y
Stocks: BAC -2.3% WFC -1.5% BLK -.6% UNH -5% DAL -5%   JPM +2.5% C +2% BK +1%  EPS; TSLA -3% China price cuts
Overview: USA SPY 475.1 displays support of 475 and 473 with resistance of 479 and 480. In my opinion, the SPY is expected move +/- 2.6  QQQ 407.9 with resistance  410 and 412.3 with support of 406.4, 405 and 400 and I expect a move of 2.9. USA indices are mixed ahead of PPI with small caps positive and large caps negative. Macro factors are negative with long yields, US$  and oil higher. USA bombing Yemen is providing lift to oil, shippers and precious metals  and of course inflationary with potential lift to the defence companies which are beneficiaries of continued military action. UNH earnings weighing on healthcare insurers and will drag down the DJIA and healthcare ETF. Bank earnings are mixed with JPM leading. Airlines are down with higher oil prices and weak DAL forecast.   PPI will be market moving premarket. Long weekend can lead to a drop in volatility and provide support to markets late in the day BUT SPY 475 and QQQ 405 are key bull/bear levels to watch. Breaches of daily expected move can lead to outsized moves. Today’s daily expected move levels: SPY (478.9-473.8)  QQQ (412.3-406.4), IWM (195.4-191.7) SPX(4806-4754.4). 

Stocks to watch JPM C XOM MSFT    DAL HUM TSLA  

Spec Names ZIM STNG GFI 

Pre-800ET
Earnings   BAC WFC BLK UNH DAL JPM C BK

Indices MSOS USO GDX XOP XLE GLD VXX XME   JETS IYZ /btc ARKK XLV XLY ARKF XPH KWEB euro KRE TLT 

S&P500 IFF C JPM OXY CTRA APA QCOM DVN SLB NEM DAL ELV UAL AAL CVS TSLA LUV CI BAC

IWM  STNG FRO INSW DHT CYTK   MARA RIOT AI RXRX SAVE
Movers ZIM CCJ STNG FRO GFI IFF AU INSW DHT JPM INFY C EQNR AGI PAAS APA TWLOOXY    DAL HUM ELV UNH AAL MARA UAL CNC XPEV LI TSLA CI COIN U SNOW RIVN

Trade Idea: CCJ

CCJ is a swing idea that is potentially breaking out on the daily. Look for a pullback no more than half of Thurs candle or momentum long over Thurs close. Will benefit from higher energy prices and lower US$