.

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 -.32%

·       News:  EUR: German PPI -0.1%  CDN: IPPI, RMPI 830ET JPN:  Yen +.92% on Japanese wages data
 

·       Stocks:  BA +1.4% GGAL +22% FRO +3% MSFT +.4% TLT -.5% Earnings reactions 
Overview: USA SPY 450.5   support 450 445 and resistance 452.8 455    SPY expected move +/- 2.2   QQQ 385.9 with resistance   389.2 390 and support   385 380, expected move 3.1.  USA indices are flat with a mixed global equity setup with Europe & Japan lower but China and Hong Kong higher. Macro setup is also mixed with long yields higher but US$ lower. Post Opex is a window of weakness which may lead to softness. However technical are bullish (but oversold), CTAs and Vol control funds will be buyers and corp buybacks are back. MAG7 are bid premarket with NVDA and TSLA front runners.  Dips > SPY 448 may be buyable.  Today’s daily expected move levels: SPY (453-448.5) QQQ (389.1-383), IWM (180.2-176.4) SPX(4536.2-4491.8). 

Stocks to watch: MSFT TSLA NVDA GGAL YPF USO TLT SLV GLD      Spec Names: BROS VALE

Pre-8:00ET
Earnings   

Indices USO /btc KWEB XLE XOP EWZ faangmt EEM ARKK TLT GDX VXX UUP XLV LIT

S&P500 BA MRO MSFT MDT DVN EOG  URI BMY JNJ

IWM FRO MARA RIOT TGTX MSTR CPE AROC IONQ CHGG DHT DNUT 
Movers YPF GGAL VIST PENN XPEV FRO EDU BUR CRSP BROS MARA RIOT COIN TCOM VALE FUTU BA PLTR BAYRY BMY URI UBER SSRM MNSO AZN JNJ

Trade Idea: TSLA

TSLA daily expected move 5.8. Long above 235 with target 240 and fade < 235 with target 230.  Look for reaction moves should 230 or 240 be hit. Confirm with technicals. Usually TSLA is in play on Mondays. Premarket high 236.5 low 233.5