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Color Key: Positive – Neutral – Negative

•  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

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

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

·         Yields: Yields flat    Currencies:  USA -.06% 

·         News:  USA FOMC, Barr, 9ET  EUR: German CPI 0.3% m/m  Japan: Final GDP q/q 1.2% vs 2.4% expected
Stocks: Positive Earnings DOCU +1%,  SWBI +11%, Negative Earnings RH -7%, Movers ADBE +1.5%, Upgrade
TSM -0.11%, Aug  revenue down 13.5% Y/Y
Overview: USA SPY 444.7, support at 443 440  and resistance at 445 450 455 . SPY expected to move +/- 1.9, QQQ 371.8 with resistance at 375 and support at 370 365 . QQQ expected to move +/- 2.2.  USA indices are subdued premarket with no major economic data or major earnings reports. Indices remain in negative gamma, hence higher volatility. Dispersion trade likely if indices hold, which mean rotation and over performance in some names to compensate for selling in others. Semis are weak on TSMC revenue, indicating semi slow down which hereto has been ignored in equity prices. META and NFLX are the leading FAANGMT but if dispersion trade, look for outperformance early on by a couple. SPX 4500 is an important level (SPY 450) for bulls and until then downside moves are not ruled out

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·         Stocks to watch: ADBE, META, FSLR, NVDA,  Spec Names: SWBI, SMAR

Pre-800ET
Earnings: DOCU, KR, SMAR, SWBI, RH, ZUMZ

Indices:  EWZ, USO, XLE, DBC, VXX, GLD, EEM, SMH, /btc, SOXX, EFA, XLY, QQQ

S&P500: FSLR, GILD, ADBE, PDD, ASMLKR

IWM: STAA, FLNC, DOCN, PUMP, VIR

WSB: WWE; GME

Movers: FSLR, GSK, EQNR, GILD, ADBE, SNOW, DOCN, KR, PHG, ASML, CRH, RIO, PDI

Trade Idea: ADBE

ADBE is in play with an upgrade by Mizhuno to $630 and earnings next week. Premarket high of 572 can be used for a momentum long or pull > 465. May run into the earnings report Sept 14 as part of AI fever.