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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 negative global set-up

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

·         Yields: 30Y Bond -.26% Currencies: USA$  +.1% Vix: +1.3%

·         News:  USA: FMC Williams 1040ET CAN: CPI 830ET JP: CPI 2.6% y/y vs 2.7% expected
Stocks:  NFLX+.8% ISRG+5.3% TRV+1.5% SLB+1.4% AXP-2.3% HAL-2%  ALV-4.8% EPS CRWD -12% MSFT-1.4% Issue with CRWD caused worldwide failure of MSFT systems affecting many businesses. Competing security companies are trading higher and CRWD say they have fixed the problem. Gold lower on stronger US$ and report that India not buying.

·         Overview: USA SPY 553.4 support 550 548 and resistance 555 557 560  SPY expected move +/- 4.3. QQQ 480.7 with resistance 481.7 485 and support 480 475 expected move +/- 5.3. USA indices are muted, moving lower during the Asian session and bouncing in the European. Thurs markets experienced correlated selling to major support levels i.e. SPX 5500. Today is Opex with large positions in some MAG7 like AMZN, NVDA which could be volatile. MSFT is trading lower due to world wide outage caused by CRWD and both are names to watch. Other security stocks S PANW are trading higher while CRWD was hit but look for a fade. SPY and QQQ are below the weekly expected move while IWM is above with the stats favoring moving inside however when outside, larger moves are possible. SPY > 555 would be a bullish sign and < 500 a bearish. Indices have been in a window of less support since Wed which extends into next week so caution is warranted. Keep your head on a swivel!
 
Expected moves SPY(557-548) QQQ (484.5-474.5) IWM(221-215) SPX (5587.6-5501.6)


Stocks to watch  NFLX, ISRG, AAPL, LLY, SLB, CRWD, MSFT, HAL Spec Names   S 

Pre-800ET
Indices IBIT, MSOS, USO, XLV, ARKK, XLC, SLV, GLD, UNG, FXI, TLT, EWC, EFA
S&P500  PANW, LLY, TRV, NFLX, SLB, CRWD, BWA, APTV, APTV, NEM, HAL, AXP, HAL, RF, AMZN, MSFT, PPG
Movers HE, S, RCM, ARM, IREN, LLY, NVO, NFE, TRV, COIN, HUT, NFLX, CRWD, CMA, ALV, HMY, BWA, WDAY, INFY, PAAS, PSLV, SLV, APTV, ZIM, GOLD

Trade Idea: CRWD

CRWD is down on a software update which has taken down MSFT windows systems affecting many company networks. CRWD are saying that the problem is solved. Highly owned and popular stock which means that there will be both dip buyers and traders stopped out. Premarket low is 270 with consolidation 294-308. These levels can be used as a reference level for longs or fades. MSFT also in play on the news.