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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 – Neutral global set-up

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

·         Yields: 30Y Bond -.8% Currencies: USA$ +.03% Vix: -3%

·         News: EUR: German Ind Prod 2.1% vs 0.6%
Stocks: TSLA +3% Robo taxi; TSM +2% USA govt $; BA -1% plane parts falling AMD -1% China sanction concerns GLD+.5% SLV+.9% metals strong MSTR RIOT CLSK bitcoin names strong

·         Overview: USA SPY 519 with support at 517 and 515, and resistance at 520 and 521; SPY expected move +/- 2.6.  QQQ 441 with resistance at 444 and 445, and support at 440, 437, and 435; QQQ expected move +/-3.5.  Global equity setup is positive, but USA indices are neutral with outperformance by IWM, IPO which are risk-on. Long yields sharply higher is normally bearish for small caps and equities in general so there is a contradiction to be resolved.  Inflation basket continues to power higher with gold, silver and industrial metals strong with caveat that they are extended. No major data to move markets hence 0DTE options are in control. SPX 5200 is the important line in the sand for bulls and bears.  Today’s daily expected move levels: SPY (521-515.8), QQQ (444-437), IWM (206-203), and SPX(5230-5178). 

Stocks to watch TSLA, AMZN, TSM, COIN, NEM

Spec Names RIOT 

Pre-800ET
Earnings  
Indices BITO, GDX, ARKK, SLV, ARKF, GLD, XLY, FXI, IPO, TLT, XLK
S&P500 TSLA, HBAN, NEM, AMAT, AMZN, AMD, UAL, BA, UBER
Movers AIRC, MSTR, CLSK, MARA, EH, COIN, RIOT, FSLY, RIO, LI, HOOD, PAAS, TSLA, VALE, RTO, BIDU, PDD, GFS, AMD, TRMD, UAL, BA

Trade Idea: AMZN

AMZN is call heavy with open interest growing at 190 and above. Earnings April 25. Extended premarket, with momentum long > 187.8 or pullback entry >=185 which is the call wall level.