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Date: Mar 13, 2024 

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 global set-up

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

·         Yields: 30Y Bond -.08%  Currencies:  USA$  -.08% 

·         News: USA: 30y Bond auction 13ET
Stocks:    ZIM-5.3% DLTR-6.5%  EPS INTC-1.5% DOD pulling money NVDA+.6% CELH+3% upgrade TSLA-2.2% downgrade
Overview: USA SPY 516.8  support 515 513 and resistance 520  SPY expected move +/- 2.2. QQQ 442.9 with resistance  445 446  and support  441 440 437 ; expected move +/-2.7. USA indices are neutral premarket but declining since European session with QQQ the weakest after popping Tues after the hot CPI. Weakness in TSLA and semis and strength in copper, bitcoin and China.  Today daily expected move levels: SPY (519-514.6)  QQQ (446.4-441), IWM (209.1-200.7) SPX(5197-5153).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040.
Stocks to watch  FCX PDD  MSTR MSFT IBIT CELH    DLTR TSLA  Spec Names  MNSO BILI 

Pre-800ET
Earnings  VWAGY ADDYY DLTR WSM ZIM WOOF CC PSNY WEST
Indices IBIT COPX KWEB SLV FXI XLU GLD XME XBI   VIX TLT ARKK Yen QQQ

S&P500 NEE FCX CCL RCL NVDA DLTR GEHC TSLA INTC DG WBA
Movers LEGN ZLAB MSTR MNSO ZTO BIDU RXRX VRT NEE MARA CLSK CELH FCX BILI TRMD RIOT FRO PDD CCL DLTR ODD GEHC ZIM TSLA LI INTC WBA MP CLF MT DG

Trade Idea: TSLA

TSLA is lower a Wells Fargo price cut to $125. Double bottom on the 2 hour chart with potential to bounce or breakdown. Potential fade < 172.5 with target 170 and bounce  > 175 with target 177.5 180.