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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 positive global set-up

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

·         Yields: 30Y Bond +.69% Currencies: USA$ -.2% Vix: +0.02%

·         News: EUR: German CPI JPY: Yen +1% on anticipation of BOJ intervention
Stocks: DPZ+6.6%, PHG+39%, JKS+3.6%, SOFI-3.8%, EPS, TSLA+12.5%, WSJ story that China approving FSD using BIDU mapping; AAPL+2.55% upgrade ahead of earnings; AMD +1% AMZN +1.5% pre earnings run SHOP +3.5% upgrade
Overview: USA SPY 509.6 with support at 508 and 505, and resistance at 510 and 511; SPY expected move +/- 2.8. QQQ 428 with resistance at 430 and 432, and support at 422, 420, and 415; QQQ expected move +/-3.6. USA indices are marginally higher led by Nasi with AAPL, AMZN, and TSLA providing the lift. Macro is positive with US$ lower and long yields lower IMO due to anticipation of BOJ intervening to support the Yen. No major economic data today so S&P is controlled by 0DTE option traders who were selling 5100 last week and remains the level to watch today along with SPY 510.  Above 5100 potential for 5125 with weakness below 5085.  Today’s daily expected move levels: SPY (511.1-505.4), QQQ (434.6-427.4), IWM (200-196.7), and SPX(5128.2-5071). 

Stocks to watch AAPL, AMD, AMZN, BIDU, DPZ, PHG, SHOP, GOOGL

Spec Names SOFI

Pre-800ET
Earnings DPZ, JKS, SOFI
Indices XLY, ARKK, VIX, Yen, TLT, ARKG, EFA, QQQ, XLK, GDX, IWM, COPX, IBIT, KWEB, UUP, GLD
S&P500 TSLA, DPZ, PARA, ALB, AAPL, GL, AMZN, PANW, AMD, ON,  GOOGL, GILD, LUV, META
Movers PHG, FULT, BIDU, LI, BEKE, SHOP, AU, CVNA, JKS, RUN, AZN, GSK, PLTR, SE, DB, DQ, CLSK, RIOT, MSTR, EDU, TCOM, TS, COIN

Trade Idea: AAPL

AAPL is running premarket ahead of earnings reports this week on the back of an upgrade and likely short covering. Overbought premarket, look for a pullback >= 172.5 for a long.  Calls are positioned at 172.5, 175, 180, and 185 with largest open interest at 180. Expected move into end of week +/-7.4. Note end of month options expiration Tuesday which can cause gyrations.