.

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, Softs, Industrial Metals

•Yields: Yields are lower

•Currencies:  US $ +.5%;

•News: USA: PCE at 8:30 ET; Chicago PMI at 9:45 ET; UofM at 10:00 ET;  Japan: BOJ dovish meeting, Yen tank; Europe: German GDP 0% Q/Q Canada: GDP at 8:30 ET

Stocks INTC MDLZ CL X IMGN XOM AMZN NET SNAP PINS FSLR AYX SONY EPS

•General: Leading: volatility, bonds, US$ Lagging: Clean energy, bitcoin, Europe, tech, small caps

•Overview: Global indices weak ahead of USA PCE print. SPY 410.8 displays support of 410, and 405 with resistance at 412.5, and 415. SPY expected move +/- 2.5. QQQ 319 with resistance at 320, and 325 displays support of 318, 316, and 315. QQQ expected move +/- 2.6.  USA indices are pulling back premarket post the Thurs short squeeze. Macro setup is mixed with US$ strong but yields are lower. PCE data at 8:30 ET will likely be a market mover as may consumer confidence at 10ET. Technology is weak premarket due to reports from AMZN, NET, SNAP, PINS and expected pullback from the squeeze.  Financials are weak as well which is negative for the S&P. Staples may get a bid on positive report from MDLZ. SPY 410 is the key support level today. End of month is usually positive so despite the negative set-up the algos may defend. US$ is the key indicator as the move is extreme and a pullback would be positive for markets

•Stocks to watch INTC, MDLZ, NVDA, META, AAPL, AMZN, NET, AYX COF, FSLR  Spec Names   PINS, SNAP

Pre-800ET
Earnings AMZN, NET, SNAP, PINS, FSLR, SONY, AYX, CVX, COF, INTC, MDLZ, XOM, X, CL, IMGN

Indices VXX, TLT, UUP, USO, ICLN, /btc, FEZ, EFA, HACK, FDN, XLY, IWM, XLB, ARKK, XLF, euro, KWEB

S&P500 INTC, MDLZ, AMZN, C, LIN, TSLA

IWM FSLY, MARA, FRO, RIOT, ABR

WSB NET, AMZN, RIOT, TSLA, BABA

Movers WB, INTC, NET, SNAP, PINS, FSLR, PBR, DDOG, SNOW, BUD, CRH, CNHI, BTI, MARA, AMZN, RIOT, SAP, PACW, BHP

Trade Idea: INTC

INTC catalyst is positive earnings report. In my opinion, stock has the expected move and potential for a squeeze if price is above 31.5 with targets 32 and 33. Premarket 31.8, look for break over 32 or pullback >= 31