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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

Color Key: Positive – Neutral – Negative

•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 flat

•Currencies:  US $ +.02%; $Yen -.29%, $AUD -.64%

News: USA:UE Claims at 8:30 ET;  Europe: German ind production +2% vs -.1%
•Stocks COST -2.65% March sales fell 1.5% LITE -14% Top customer pulled order (CIEN or AAPL) WFC, FDX, LESL, POOL, FLNC  Upgrades  Usual Suspects: NVDA -0.6%, TSLA  -1%, MSFT -0.5%, GOOGL +0.9%

•General: Leading:  Oil, volatility, China Internet, and small caps Lagging: Bitcoin, faangmt, semis, and tech

Overview: USA indices consolidating premarket. SPY 407 has the support of 405 with resistance at 410, and 415. SPY expected move +/- 2.0. QQQ 314.7  with resistance at 315, 320, and 325 has the support of 312, and 310. QQQ expected move +/-2.1.  Large cap tech still weak premarket with only GOOGL positive. QQQ is at support with potential for breakdown below 314. COST results will weigh on retailers and potentially AMZN. Semiconductor weakness continues with potential fade trades on bounces. LITE report weighing on networking sector (CIEN, COHR, CSCO). Small caps potential for a bounce as some strength in regional banks but all premarket pops have been sells. Interesting day with Nonfarm payrolls Friday with market closed. Keep your head on a swivelJ

Stocks to watch WFC, WMT, COST, NVDA, CIEN, LITE, TSLA   Spec Names AMC

Pre-800ET
Earnings LEVI, LW, STZ

Indices KWEB, USO, IWM, XLV, ICLN, EFA, XLU, XLF, ICLN, /btc, SMH, faangmt, SOXX, XLK, LIT, QQQ, XLP

S&P500 FITB, WFC, GOOGL, FDX, COST, VZ, MOS, T, AMAT, CSCO, FOXA

IWM AI, FLNC, VIAV, SMCI

WSB AI

Movers LESL, ALC, FMS, PSTG, XPEV, GSK, HTGC, GSK, WAL, FITB, SNY, VOD, AI, LI, VOD, GOOGL, AZN, LITE, SCLX, CIEN, COHR, SMCI, COST, VIAV, VZ, MOS, T, AMAT, CSCO

Trade Idea: QQQ

In my opinion, QQQ and FANG stocks are on a watch with QQQ at a key support level. Below 314 potential fade to 312 and 310. Long target 318, 320 if QQQ > 315.8