.

Date: Nov 10, 2023 

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

** ‘d’ – day

**govt – government 

Color Key: Positive – Neutral – Negative

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

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

·         Yields: Long Yields lower Currencies:  USA -.09%

·         News: USA: UofM Consumer Sentiment 10:00 ET UK: GDP q/q 0% EUR: Lagarde
Stocks: DOCS +16%, SYNA +5%, HOLX +2%, TTD -23%, ILMN -11%, PLUG -33%, GRPN -33%, WYNN -5% Earnings reactions
Overview: USA SPY 435.1 with support at 435 and 433.5, and resistance at 440.  SPY expected move +/- 2.8.  QQQ 370.9 with resistance at 373.1 and 375, and support at 370, 369, and 367.  QQQ expected move +/- 3.1.  USA indices were hit yesterday after 30y yields spiked post auction + Powell comments + ransomware attack on China ICBC.  Premarket 30y yields are falling hard, US$ lower and USA equities are slightly higher led by small caps.  Premarket led by semis, TLT, energy. Indices have slipped to negative gamma and SPX 4350, SPY 435 are key bull bear levels with SPX 4400 resistance. Top sector etfs: IPOs, airlines, spec tech, retail, energy.  Today’s daily expected move levels: SPY (436.6-431), QQQ (373.1-367), IWM (169.1-165.3), and SPX(4375.1-4319.5). 

Stocks to watch NVDA, AAPL, AFRM, NFLX, COIN, SONY, TLT, TSLA, META, ILMN, TTD     

Spec Names DOCS, RIOT

Pre-800ET
Earnings DOCS, SYNA, HLX, TTD, ILMN, PLUG, GRPN, WYNN

Indices /btc, USO, EWZ, TLT, XOP, KRE, IWM, SOXX, XBI, VXX, KWEB, GDX, GLD, ARKK

S&P500 CVX, ILMN, WYNN, ABNB, LUV

IWM RIOT, BE 

WSB RIOT, COIN, MSTR
Movers DOCS, SONY, RIOT, COIN, SE, TSM, TOST, BP, SMCI, CVX, ING, TTD, DEO, U, ILMN, WYNN, HE, AU, GFI, CPRI, CNHI, XPEV, ROKU, SNAP, AZN, ABNB, PINS, MT, LUV

Trade Idea: NVDA

Same idea as Thurs. Seems like semis are algo favorites. 

NVDA is moving higher on news that they will have a chip for China. Second time for this approach. Premarket high 474.1 with resistance at 475 so potential pullback for breakout towards 480 top of bollinger band. 470 level can be used for a bull/bear level.