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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, Bitcoin

·         Yields: 30Y Bond+.1% Currencies: USA$ +.09% YEN -.6% Vix: -.77%

·         News: USA: Jolts, CB consumer confidence EUR: Prelim GDP q/q 0.3% vs 0.2%; Bitcoin: Potential that USA govt may sell $2B of Silk Road assets.
Stocks: SYM-23%, LSCC-16.5%, DEO-7%, GLW-7%, PG -5%, AMKR -5.6%, MRK-2.3%, SFM+19%, HWM+12%, FFIV+11%, VRNS+10.5%, PYPL+8.2%, PFE+1.5%, SWK+7% EPS CRWD-3.5% Delta airlines potential legal action
Overview: Pre: PCE USA SPY 545.9 with support at 545, 542.8, 541, and 540, and resistance at 548.5 and 550; SPY expected move +/- 3.8. QQQ 465.4 with resistance at 468, 469.3, and 470, and support at 460 and 458.5; QQQ expected move +/- 5.4. USA indices flattish ahead of 10:00 ET JOLTS report and MSFT earnings AMC. US$ is higher mainly due to Yen lower ahead of tonight’s BOJ decision which is significant as higher Yen is typically negative for equities. Bitcoin is lower on story that USA govt may be a seller of $2B coins.  Top movers are earnings related. PYPL beat is lifting other payment companies like AFRM and SQ. PG large holding in XLP is lower citing commodity costs and forex. HWM and LDOS in the aerospace/defense group are up following LMT, RTX, group is strong. LSCC and AMKR in semi group down. MAG7 are led by TSLA with NVDA lower with a story that AAPL AI was retained with GOOGL Tensor processing units rather than NVDA GPU.  Look for a market move at 10ET with the Jolts report with lower numbers good. Could be a quiet day with MSFT earnings after the close

Expected moves SPY (548.5-541), QQQ (469.3-458.5), IWM (224.4-219), and SPX (5501-5426)

Stocks to watch TSLA, AAPL, PYPL, FFIV, HWM, AFRM, PFE, CRWD, PG, MRK

Spec Names CLSK, COIN, CELH

Pre-800ET
Indices ETHE, MSOS, SMH, QQQ, GDX, XLF, IWM, XLK, KRE, UNG, IBIT, FXI, USO, XLP, SLV
S&P500 FFIV, HWM, PYPL, SWK, SPGI, PFE, GLW, PG, CRWD, DE, MRK
Movers SFM, HUT, FFIV, HWM, PYPL, SWK, AFRM, NVO, SQ, ASML, SPGI, BNTX, GH, PFE, BBVA, BP, TSLA, SYM, LSCC, NVAX, DEO, GLW, AGCO, PG, CRWD, DE, IART, CNH, BHP, MRK, PHG, RIO, STLA, LI, VALE

Trade Idea: MSFT

MSFT is reporting earnings after the close with attention on the Ai related earnings impact and capital expenditure plans which will impact NVDA.
Expected move +/-20 on the report.  Option traders are positioned bearish into print. 400 is important support.