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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

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

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

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

·         Yields: 30Y Bond +.2% Currencies:  USA  +.01%

·         News: USA: GDP, Durable goods 830ET New home sales 10ET; Bond auctions 13ET, Yellen 1330ET   EUR: rate statement 815ET
Stocks:   IBM +7%, AMSC +18%, NOK +8%, TAL 6%, NOW +0.8%,   eps   TSLA -8%, HUM -13%, BA -2.6% 

·         Overview: USA SPY 485.5  support 485 483  and resistance 488 490.  SPY expected move +/- 2.5,  QQQ 426.5 with resistance  429 430 and support  425 422 ; expected move 3.6. USA indices are flat, and foreign indices ex-China are red ahead of ECB rate decision and USA GDP. Macro set-up is neutral with US$ flat and long yields slightly higher. TSLA has moved down more than the expected move but is being papered over by MSFT, NVDA, GOOGL. Semis are still surging to the stratosphere, potentially a pop and drop. AAPL is down slightly on Chinese market penetration news (not new). HUM earnings is hitting the healthcare insurers again. Cannabis stocks had a strong day which may mean some one is front running a govt reclassification. GDP may change the picture and take care at 13ET and 1330 with bond auction and Yellen. Wed  Today daily expected move levels: SPY (487.9-482.9),  QQQ (429.4-422.2), IWM (197.9-190.8), SPX(4893-4843). 

Stocks to watch NFLX, SAP, EDU, AMD, TSLA, AU,  TXN, DD, T, ABT, Spec Names SMCI  

Pre-800ET
Earnings   TSLA, IBM, NOW, LRCX, CSX, LVS, URI, STX, KNX, CMCSA, UNP, BX, SHW, NOC, HUM, TAL

Indices JETS, SMH, MSOS, GDX, XLE, USO, XLU, IWM,  XLY, ARKK,

S&P500  IBM, AAL, PARA, BX, LVS, WRK, CMSA, NEE, AMD, DAL, NVDA, LUV, INTC,  HUM, TSLA, SHW, UNH, NOC, BA, CVS, VFC, PFE, F
Movers IBM, TAL, AAL, PARA, EDU, BX, LVS, M, NTES, CMCSA, WRK, BE, NEE, BEKE, AMD, UAL, INTC, NVDA, TSM, FUTU, DAL, JD, AU, MARA, ASML, PDD,  COLB, HUM, DWAC, TSLA, SHW, UNH, NOC, SPR, CVS, BA, VFC, RIVN, STM, F

Trade Idea: TSLA

TSLA 189.9 has moved > expected move with potential to continue lower.  Below 190 potential targets 187.5 185. Likely will bounce at open with short covering. Bounces < 195 are likely new fade opportunities