.

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 higher

·         Currencies:  US $ +.2%; 

·         News: USA: ISM PMI at 10:00 ET Canada: MFG PMI at 8:30 ET China: Mfg PMI 49.2 vs 51.4 is weighing on commodities and China reopen meme though China services still strong
Stocks ON, SOFI, NCLH, KBR, CHKP, EPS; JPM buying RFC assets, stock bounces; EV production numbers from China; ISEE acquisition; Macau visits strong [LVS, WYNN, MLCO]

·         General: Leading: Financials, spec tech, semis  Lagging: Bitcoin, energy, bonds, regional banks

·         Overview: USA indices small pullback with many exchanges closed today. SPY 415.5 displays support of 415, 410, and 405 with resistance at 416.5, 420. SPY expected move +/- 2.0. QQQ 321 with resistance at 323.5, 325 and displays support of 320, 318, and 315. QQQ expected move +/- 2.0.  USA large cap indices were short squeezed Thurs and Fri last week and technically stretched. Europe and China markets closed so liquidity will be lower with potential for larger moves with 0DTE options in control. ISM at 10ET may be market moving

·          

·         Stocks to watch JPM, SOFI, UBER, AMD, NCLH, ANET, LVS, CHKP  Spec Names  RIOT, LI

Pre-800ET
Earnings ON, NCLH, KBR, GPN, CHKP

Indices XLF, ARKK, SOXX, /BTC, USO, XLE, XOP, TLT, HYG, KRE, AGG, IWM

S&P500 JPM, GM, ON, NCLH, CMCSA, PNC, XOM, MRO, PXD, RMD,

IWM ISEE, APLS, MARA, RIOT, MSTR, NE

WSB SOFI, UBER, SENS, AMD, NIO, RIOT, ANY, MSTR, SPCE, HUT, COIN

Movers ISEE, ASND, TDC, LI, JPM, GM, NCLH, JPM, GM, NCLH, SONY, LVS, UBER, MLCO, ON, PERI, LSCC, PLRX, APLS, MANU, CHKP, MARA, RIOT, PNC, XOM, MRO

Trade Idea: AMD

In my opinion, AMD is a run into May 2 earnings report name. Expected move for week +/- 6.5. Long idea > 90. Premarket high 90.8. Extended premarket so one could look for pullback >= 89.5