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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

** ‘d’ – day

**govt – government 

Color Key: Positive – Neutral – Negative

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

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

·       Yields: Long Yields higher Currencies:  USA +.14%

·       News:  USA: UE claims; Philly Fed 830ET; Ind Prod 915ET;   EUR: Ind Prod -1.1% m/m China: Retail sales and Ind Prod above expectations JPN: GDP q/q -0.5%
Stocks:  M +10%  DOLE +4.9%     WMT -7% PANW -7.9% CSCO -10.2% SQM -2.9% BABA -8.5% BBWI -1.8% NTES -5%   Earnings reactions 
Overview: USA SPY 449  support 450 445  and resistance 452.2 455    SPY expected move +/- 2.53   QQQ 384.8 with resistance   388.6 390 and support   385 380. Slight weakness in global equity markets with small caps and tech the laggards. Long yields and energy are lower and US$ higher which is a deflationary / risk-off set-up. WMT comment that consumers are struggling is negative for consumer discretionary including AMZN  [except M which is short squeezed today]. Weak guidance from CSCO is negative for JNPR, Arista and suppliers like AVGO.  Weak guidance from PANW is weighing on high flying security stocks like FTNT CRWD ZS. MAG7 needs to hold up Nasi in face of fundamentals which are deteriorating  with MSFT and AAPL (with no growth) bid. QQQ expected move +/- 3.0.  Today daily expected move levels: SPY (452.2-447.1)  QQQ (388.6-382.6), IWM (182.1-175.4) SPX(4528.1-4477.6). 

·       Stocks to watch: MSFT AAPL WMT PANW CRWD JD CSCO    

·       Spec Names: CRSP M 

Pre-8:00ET

Earnings CPA MMS M NICE SIEGY WMT PANW NTES BABA BBWI WSM

Indices MSOS TLT faangmt GLD XLV XLU  KWEB IYZ /btc EEM TAN XLP HACK EWZ ARKK USO FDN IWM

S&P500 ALGN CTLT VRTX  CSCO WMT PANW JNPR ANET DLTR TGT DG MMM TSLA FTNT CCL GLW AVGO HPQ

IWM GT NTLA  ABR SQSP RIOT MARA IONQ BE AI ORA

WSB BABA RIOT UPST TSLA AFRM AI NET
Movers M NICE CRSP NVO STNE CSCO BABA WMT PANW NTES JD BILI XPEV GFI FUTU LI AAP PDD BIDU ZS TGT EDU TSLA

Trade Idea: AMZN

AMZN pulled back Wed from oveerbought levels and approaching key level premarket. Put support at 140 can be used as a bull/bear line.  Straddle idea with longs over 140 if confirmed with technicals and fade below. Expected daily move 147.6-138.8.