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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

Underlined text – higher volume premarket

Color Key: Positive – Neutral – Negative

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Neutral equity global set-up

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

·         Yields: Yields are lower

·         Currencies:  US $ -.22%

·         News: USA: ADP payroll at 8:15 ET; UE Claims at 830ET; ISM Mfg PMI 10ET; FOMC Harker 13ET China: Caixin MFG 50.9 vs 49.5 

·         Stocks Earnings: AI -17% CRM -6% DG -10% CRWD -10% OKTA -19% CHWY +17%

·         General: Leading: China_Internet Commodities Europe Regional_Banks   Lagging: Security,  Bonds

·         Overview:. USA SPY 418.46 displays support of 418.5, 415 and resistance 420, 425. SPY expected move +/- 2.4. QQQ 348.2 with resistance 350. 355 displays support of 348, 345, and 340. QQQ expected move +/- 3.2. Macro setup is neutral with US$ and yields flat. US equities are neutral but suggesting potential rotation into cyclicals. Earnings reaction to CRM, CRWD, AI may weigh on the QQQ and look for strength in some faangmt to prop it up. Commodities bouncing today on the China Caixin report or short covering. 

·         Stocks to watch  FCX, CHWY, NVDA, INTC, VEEV, CRWD, CRM, DG, M    Spec Names  AI, OKTA

Pre-800ET
Earnings AI, CRM, CRWD, DG, M, OKTA, VSCO, CHWY, VEEV, PSTG, JWN

Indices KWEB, EFA, DBC, XME, XLE, GDX, KRE, FEZ, XLU, XBI, VXX, HACK, HYG, /btc, AGG, UUP

S&P500 FCX, CCL, PARA, DG, CRM, AAP, TGT

IWM FRO, EXTR, ING, FLNC, AI, S, ACAD

WSB AI, NET, RIVN, PLTR, UPST

Movers CHWY, VEEV, AYX, FRO, PSTG, JWN, RIO, TOST, FCX, UBS, BP, JD, MDU, OKTA, AI, VSCO, DG, CRWD, M, CRM, S, EURN, AAP, RIVN, PLTR, TGT, UPST

Trade Idea: CHWY

In my opinion, CHWY is a potential squeeze name over 35 with targets 36 and 37 or look for pullback >= 34.5