.

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, Bitcoin

·         Yields: 30Y Bond +.3%  Currencies:  USA$ -.04% CAD -.14% YEN-.24%  BTC/USD+2.2%  Vix: 14.5

·         News:  USA: Flash PMI 9:45ET China: Retail sales significant miss EUR: MFG PMI weakening
Stocks:  MSTR+3.6% PLTR-1.5% AXON added to Nasi SMCI MRNA ILMN dropped; HON+3% potential aerospace biz split MU+3.3% upgrade ahead of earnings; OKTA+2.5% upgrade RCAT+17% PLTR deal, earnings after close
Overview: SPY 606  support 605 603  and resistance 606.7 607.4  SPY expected move +/- 2.5 QQQ 533 with support 531 530 528   resistance 535  expected move +/- 3.6.  USA large cap indices have been rising since European open led by large cap tech. Small caps and DJIA are lagging due to absence of MAG7. Rest of globe equities are lower with weak economic data reported from Europe and China. Macro set-up is mildly positive with long yields and oil lower. MAG8 are strong led by AVGO, AMZN, TSLA, GOOGL, META which often means that bulk of the S&P will lag.  QQQ and maybe SPY will hit the daily expected move in the morning where one needs to look for continuation or rejection like Friday. Bitcoin is higher aided by Nasdaq adding MSTR to the index which is lifting the cohort of miners, COIN, HOOD. PLTR was added but hasn’t made a big move but worth to watch. SMCI was removed and seeing sell action, still hasnt filed the SEC filings. USA PMI 945ET may be market moving.  SPX6100 is a large resistance level and 6000 support likely into Dec20 Opex

Expected moves SPY(606.7-601.7) QQQ (534.2-526.9) IWM (235-231.2) SPX (6076-6026)

Stocks to watch AVGO GOOGL META AMZN  SMCI F BABA  Speculative   BTDR SOUN

Pre-800ET
Indices IBIT SLV GDX ARKK TLT SMH QQQ GLD XLC XLY  UNG KWEB MSOS FXI USO EFA

S&P500 AVGO MU UBER GOOGL CCL SMCI F MCHP 

ALL VRDN EWTX BTDR SOUN MSTR RIOT AVGO MRVL CLSK UBER SOFI COIN RKLB  SMCI STLA F MCHP SMR BABA HIMS PDD BP RDDT OKLO BUD

Trade Idea: RKLB

RKLB is a potential speculative breakout name. Large call position at 25 (short term) sets up the potential for a squeeze above. Large call positions 26-30, would look for the stock to move higher in $1 increments. No trade below $25. 13% short float can cause large moves.