.

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 –  Positive equity global set-up

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

•Yields: Yields are lower

•Currencies:  US $ -.37%;

•News: USA: Housing starts at 8:30 ET; FOMC Bowman at 13:00 ET; China: GDP Q/Y  4.5% Retail Sales Y/Y 10.6% Canada: CPI at 8:30 ET

•Stocks BAC +1.6%, JNJ +.65%, BK +0%, GS -3.3% ,ERIC -4.4%, JBHT -2.1%, EPS AAPL +.68% High Interest savings account

•General: Leading:  bitcoin, small cap tech, gold miners, semis Lagging: US$, energy

•Overview: USA indices extended premarket post positive China data. SPY 415.85 displays support of 415,410 with resistance of 415, 420. SPY expected move +/- 1.9. QQQ 321 with resistance of 322, 325 displays support of 320, 317, and 315. QQQ expected move +/- 2. Market positioned risk off with caveat that at level where selling would be expected or conversely a squeeze higher.  Small and large cap tech leading with FAANGMT providing leadership.

•Stocks to watch NVDA, BAC, BABA, AAPL, AA, GS, JBHT  Spec Names  AI, DKNG, U

Pre-800ET
Earnings JBHT, JNJ, BAC, LMT, GS, PLD, BK, ERIC

Indices /btc, ARKK, GDX, LIT, SMH, XLK, QQQ, XBI, IWM, UUP, VXX, XLE

S&P500 NVDA, LMT, BAC, DHR, CVS, CB, JNJ, AMD, GS, BK, JBHT, VLO, MS, HBAN

IWM MARA, RIOT, MSTR, PWSC, AI, NOVA, FSLY, PCVX

WSB RIOT, MSTR, BABA, NVDA, COIN, AI, AFRM, AMD

Movers MARA, RIOT, RUN, MSTR, BABA, COIN, NVDA, ALC, LMT, AI, BAC, FSLY, SNAP, DKNG, RBLX, AA, U, GS, WDS, XPEV, BK, JBHT, LI, TS

Trade Idea: DKNG

In my opinion, DKNG is an idea based on relative strength of gambling and ARKK stocks. Extended premarket with momentum breakout above 20 or pullback >= 19.7. Earnings May 4