.

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

Color Key: Positive – Neutral – Negative

Market Setup Pre-8:30 AM ET

Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Mild Negative equity global set-up

•Commodities:  Gold, Silver, Oil and natgas, Grains, Industrial Metals

•Yields: Yields are lower

•Currencies:  US $ -.17%; $Yen +1.1%; $EURO +0.76%

News: USA: Non-farm payrolls 8:30 ET UK: GDP +.3% vs 0.1%; Japan: No change to rates; CDN UE rate 8:30 ET

Stocks: ORCL -4.5% EPS; DOCU -14% EPS; ULTA -1% EPS; SIVB -64% Bank run concerns; GPS -.8% EPS RBLX +2.4% Upgrade; ERJ +4% EPS

General: Leading: TLT GDX Euro  Lagging: Brazil,  Financials, Oil, and Spec tech

Overview: USA indices have declined post Thur close and bouncing since European open.  Macro setup mixed with European indices negative, US$ lower, and yields lower. SPY 390.5 with support at  390, and 388 with resistance at  392.7, and 395. SPY expected move +/- 4.4 with implied volatility 2x Monday. QQQ 292.3 with resistance at  293, and 295 with support at 290. QQQ expected move +/-3.9. S&P500 is at a major support level with large options positions at 3900 which can act as support and conversely a break of 3900 can lead to a large down draft.  Financials are a concern again today with SIVB’s issues weighing on other banks. Non-farm payrolls will be market moving with oversized upside move possible if lower than consensus. In my opinion, should S&P500 bounce or hold 3900, potential for large upside move towards end of day. QQQ is outperforming premarket but Russell has greatest potential for relief rally due to high regional bank holdings.

Stocks to watch RBLX, FRO, ORCL, DOCU, JPM, SIVB, IWM Spec Names SSYS

Pre-800ET

Earnings DOCU, GPS, HCP, BKE, ULTA, ORCL, QFIN, WPM, ERJ, YPF

Indices TLT, GDX, GLD, euro, /btc, USO, XLF, IWM, EFA, EWZ

S&P500 SCHQ, NEM, SIVB, FRC, ORCL, SBNY, ZTS

IWM TH, FRO, ABR, AI, PLL, MSTR

WSB ORCL, AI, COIN, MSTR

Movers RBLX, VOD, FMS, YPF, BILI, BUD, FRO, QGEN, BEKE, ASML, SIVB, DOCU, JKS, GPS, FRC, DB, ORCL, HSBC, ABR, ING, JD, AI, DQ, CAT, STLA, MAXN, COIN

My Trade Idea: SPY

SPY has a +/- 4 expected move for today.  390 is a large support level and 395, 400 with resistance levels. Thinking long > 390 with risk of a large downdraft should 388.5 not hold. In my analysis, Heavy put buying Thurs can lead to a strong bounce towards the end of day. Risk is the issues in the financial sector