.

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 Mild Negative global set-up

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

·         Yields: 30Y Bond +.5% Currencies: USA$ +.06% 

·         News: USA: ISM Services PMI 10:00 ET; FOMC Barr 12, 15:30 ET China: Caixin Services PMI 52.5 weaker than expected.
Stocks: TGT+7%, PAY +18%, AVAV+17%, GTLB-22%, SEMR-14%, SFIX-14%, eps AAPL -1.9%, China sales- TSLA -1.7% China sales-
Overview: USA SPY 510.9 with support at 510 and 508, and resistance at 515; SPY expected move +/- 2.1.  QQQ 441.7 with resistance at 445 and 450, and support at 440 and 437; QQQ expected move +/-4.4. USA indices are lower premarket with Russell2000 and QQQ lagging. AAPL, GOOGL, TSLA continue to weigh on large cap indices with NVDA trying to counterbalance.  Negative AMD news regarding sales to China is weighing on the stock and infecting semis. NVDA is currently impervious as it is being driven by flows but on watch.  Markets are configured risk-off with bonds, US$, Yen, Gold higher so watch SPY 510, QQQ 440 levels as breach can lead to larger declines. ISM at 10:00 ET is a pivotal time today. As long as SPX is greater than 5000 look for bounces to be bought as 0DTE expiration puts cover. Today’s daily expected move levels: SPY (514.4-510.2), QQQ (448.5-439.6), IWM (207.9-203.5), and SPX (5152-5109.8). SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040.

Stocks to watch TGT, NVDA, GLD, AMD, AAPL, TSLA

Spec Names SE, AVAV, DWAC, GTLB, MARA 

Pre-800ET
Earnings  
Indices VIX, GDX, NVDA, TLT, XLP, GLD, COPX, KWEB, FXI, XLK, IBIT, QQQ  

S&P500 TGT, DVA, BAX, ALB, AAPL, TSLA, AMD, PANW, MU, ORCL, LLY
Movers TGT, DVA, BAX, FRO, DWAC, AU, COIN, SE, LI, GOLD, NVDA, GTLB, ALB, FERG, MARA, MSTR, RIOT, SQM, TSLA, AAPL, JD, BIDU, FUTU, GFS, CELH, CRWD, AMD, PLTR, IONQ, RXRX

Trade Idea: AAPL

AAPL is below the expected move and approaching the 170 level which can serve as either a bounce level or acceleration given the put positioning. Break of 170 may lead to 165 and a bounce to 175, 180.