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Date: Sept 15, 2023

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 – Mild Positive  equity global set-up

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

      •        Yields: Yields higher Currencies:  USA -.1%

      •        News:  USA: Empire State mfg 8:30 AM ET, Industrial Prod 9:15 AM ET; Consumer Sentiment 7:00 PM ET China: Retail sales and Industrial production better than expected.
Stocks: ADBE -3.5% weaker forecast; AMAT -2% TSM cutting capital due to semi demand concerns  F -0.63%, GM -0.3%, STLA +0.96%, TSLA +1% UAW strike, MSOS +6% momentum continues, ARM +.25% big move Thursday
Overview: USA SPY 449.3 with support at 445, 443, and resistance at 450, 455.  SPY expected move +/- 2.1, QQQ 377.9 with resistance at 377, 380 and support at 375, 370, and 365.  QQQ expected move +/- 2.5. Premarket set-up is neutral with global equities positive, long yields higher and US$ slightly lower.  US equities are flat into a major Opex with $3.4T of notional options expiring which can increase daily moves and increase movement next week. SPX 4500 and SPY 450 are major levels which should act as magnets today. TSM news is weighing on semiconductor names premarket. ADBE is moving lower premarket and may weigh on cloud stocks. Earnings were ok (just like ORCL) but stock has run massively more than the earnings. UAW strike is only slightly affecting the stocks with STLA moving higher. TSLA is one to watch today, very extended with out of the money call options expiring. Potential for gamma squeeze higher or alternatively a fade later in the day.

      •        Stocks to watch TSLA, SLV, C, ADBE, AMAT, AMZN

      •        Spec Names ARM,   MSOS 

Pre-800ET
Earnings ADBE, CPRT, LEN

Indices MSOS, GDX, EFA, GLD, KRE, EEM, DBC, XLF, SOXX, TLT, SMH, VXX, /btc

S&P500 WRK, AAP, KEY, EL, ADBE, KLAC, AMAT, F, LRCX, GM

IWM APLS, SHAK, FRO

WSB NIO, F

Movers U, APLS, NIO, FRO, MT, WRK, XPEV, TCOM, KEY, RIO, AZN, UBS, RADI, GFI, ASML, ADBE, AMAT, F, CRH, GM

Trade Idea: MSOS

MSOS continues to advance with strong momentum.  Discussions are underway yet again for a bill to update the SAFE banking act.  MSOS is a very risky ETF which holds USA cannabis companies.  Calls are building at 10, 12, 14 for Oct expiration.