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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

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong Asia – Positive  equity global set-up

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

·         Yields: 30Y Bond -.44% Currencies:  USA  -.11%

·         News: USA:FOMC speakers 11, 1230,1400 ET       EUR: German Ind Prod -1.6% m/m
Stocks:   FTNT +9%, RBLX +14%, ENPH +15.6%, YUMC +13.8%, ELF +8.6%, F +6.2%, TM_1%, CRUS +8%, CVS +1.7%, BG +2.5%,   BABA -1.7%, AMGN -2.2%, UBER -1.8%, GILD -2.5%, SNAP -30%, VFC -10.6% eps
Overview: USA SPY 495.3  support 495 493   and resistance 496.3 500.  SPY expected move +/- 2.3 QQQ 429.5 with resistance  430 433  and support  427 425; expected move 3.2. USA indices pulled back overnight and currently hard bounce premarket. Index surge in NY premarket catalyst is unknown however indication of potentially a rally today or pop and drop. Yields higher is not bullish nor is higher oil prices; however a lower US$ is positive. MAG7 are higher led by TSLA with NVDA lagging. While SPY > 495 remain bullish and watch for reaction at the top of the daily expected move.  Pay attention to the daily expected moves. Earnings names watch for continuation or reversion. FOMC speakers are only risk with Barkin 1230 most prominent.  Today’s daily expected move levels: SPY (496.3-491.7)  QQQ (430.8-424.4), IWM (195.6-191.7) SPX(4977-4931.5). 

Stocks to watch: TSLA, ENPH, FTNT, BABA, VFC, SNAP,  

Spec Names RBLX, SNAP 

Pre-800ET
Earnings:   TM, FTNT, CRUS, CVS, BABA, AMGN, UBER, GILD, SNAP, RBLX

Indices: TAN, ICLN, KRE, USO, XLK, QQQ, HACK, faangmt, XLY, KWEB, MSOS, VXX, TLT, GDX, /btc, XBI, ARKK, UUP

S&P500: ENPH, YUMC, SONO, FTNT, SEDG, ELF, F, MOR, WRK, RUN, TOST, SYM, FSLR, BUD, TGT, CVS, VFC, CTSH, UBER, AMGN, YUM, GILD, APTV, EW
Movers: ENPH, RBLX, YUMC, AZEK, SONO, SEDG, FTNT, ELF, F, MOR, GPRE, TENB, SNAP, TGI, VFC, CTSH, EQNR, BILI, GGAL, JD, BABA, PINS, PLTR, LI, TAL, TCOM, EDU 

Trade Idea: ENPH

ENPH has moved > expected move post earnings. Premarket high 118.9 can be used for a momentum long or pullback > 115. High call OI at 120 can act as resistance or gamma squeeze above.