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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 –  Negative equity global set-up

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

·         Yields: Yields are lower

·         Currencies:  US $ +.29

·         News: USA: FOMC Williams at 12:05 ET; Debt ceiling meeting  China: Imports fell 7.9% y/y 

·         Stocks SHLS, PGNY, DVA, WDC, TREX ,COTY, MCK, HIMS, DOCN, RC, HAIN, AHCO, IFF, PYPL, SWKS, TPX, UAA, EPS

·         General: Leading: Volatility, bitcoin, gold, bonds  Lagging: China, Semis, Spec tech

·         Overview: USA SPY 411.3  displays support of 411, 410, and 405 with resistance at 412.3, 415, and 417.3. SPY expected move +/- 1.88. QQQ 322.1 with resistance 323.8, 325 and displays support of 320, 316, and 315. QQQ expected move +/- 2.1.  Markets are classic risk-off with US$ lower, yields lower, Yen and gold bid. Indices are at support with potential for trend day down if 0DTE put buyers step in. SPY 410 is key level to hold. Semis weak on SWKS report and FAANGMT generally weak with GOOGL outperformer.

·         Stocks to watch WDC, DVA, TREX, PLTR, SWKS, PYPL, W   Spec Names SHLS 

Pre-800ET
Earnings SHLS, PGNY, DVA, WDC, TREX, COTY, HIMS, DOCN, RC, HAIN, AHCO, IFF, PYPL, SWKS, TPX, UAA

Indices vxx /btc, GLD, TLT, UUP, GDX, KWEB, SOXX, SMH, EEM, KRE, ARKK, EFA, XLE, XLK

S&P500 DVA, WDC, CZR, SWKS, PYPL, IFF, QRVO, IBM, CMI, TSLA, CCL

IWM SHLS, NEO, PGNY, MSTR, AHCO, HAIN, RC, DOCN, RDIN, HIMS, BE, FRO, ING, ENVX 

WSB RIOT, MSTR, RIVN, BABA, AFRM, TSLA, UBER, NET 

Movers TREX, COTY, RIOT, W, CVNA, XPEV, HTHT, BEKE, BILI, NTES, TPX, BIDU, TCOM, IFF, TPX, JD

Trade Idea: QQQ

In my opinion, QQQ is weak premarket. Consider fade < 321.3 and long > 322.6. 0DTE have been buying the dips so take care.