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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 – Slight Positive global set-up

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

·         Yields: 30Y Bond 0% Currencies: USA$ -.18% 

·         News: USA: UE claims 8:30 ET; Powell 10:00 ET; Mester 11:30 ET; EUR: ECB policy statement
Stocks: BURL+5%, RTD+16%, KR+5%, VSCO -29%, CIEN-10%, BILI -3%, eps
Overview: USA SPY 511.2 with support at 510, 507, and 505, and resistance at 515; SPY expected move +/- 2.5.  QQQ 440.8 with resistance at 443.6 and 445, and support at 440 and 434; QQQ expected move +/-4.77. USA indices are positive led by AI (Semis) and weight loss drugs. Speculation in the Yen is weighing on US$ and providing a lift to metals and soft commodities. Mild risk on premarket with UE claims and Powell speaking may affect the market. MAG7 are positive ex-TSLA which is continuing to be sold.  Today’s daily expected move levels: SPY (512.3-507.2), QQQ (443.6-434), IWM (208.3-202.2), and SPX (5130-5079).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040. 

Stocks to watch NVDA, AVGO, NVO, FCX, MU, CIEN

Spec Names VKTX  

Pre-800ET
Earnings CIEN, KR, BURL, BJ, BILI, CNSW, INFN, DSGX, YPF
Indices COPX, Yen, XLK, XME, ARKF, GLD, EFA, ARKK, TLT, FXI, KWEB, IBIT, XBI

S&P500 MU, INTC, PYPL, NVDA, AVGO, FCX, ORCL, TSLA
Movers RTO, CC, AGR, DWAC, NVO, ASX, MU, BURL, MU, PLTR, RIVN, TSM, GSK, TRMD, ARM, INTC, VSCO, CIEN, VKTX, BILI, CRGY, LI, TSLA, JD, FL, CPNG, RIO

Trade Idea: FCX

Metals are bouncing along with copper. FCX is a copper gold producer and a popular trading vehicle. Extended premarket but can look for a dip > 38.5 or momentum trade over premarket high. Note that lower US$ is lifting FCX and non-farm payrolls Fri will move the US$.