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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 – Negative equity global set-up

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

·         Yields: 30Y Bond +.3% Currencies: USA$  +.2% 

·         News: USA: GDP 8:30 ET; FOMC Williams 12:45 ET
Stocks: BIDU-3%, IAS-25%, AMBA+8.7%, BYND+64%, FLYW+20%, RY+.3%, VIPS+6.7%, FSLR+5.8%, EBAY+4%, eps
Overview: USA SPY 505.4 with support at 505 and 502, and resistance at 509 and 510; SPY expected move +/- 2.1.  QQQ 436 with resistance at 437 and 440, and support at 435 and 434; QQQ expected move +/-2.8. Equity market is positioned risk-off ahead of GDP print with large caps outperforming small caps, US$ higher and long yields lower. Indices are close to major gamma/daily expected move with risk for a stronger move lower should GDP reaction be negative. Otherwise may return to casino mode with small caps and spec stocks outperforming.  Bitcoin related names are still being squeezed into EOM as usual but are getting very stretched.  Breaches of daily expected moves can lead to larger moves. Today’s daily expected move levels: SPY (509-504.8), QQQ (440.4-434.8), IWM (205.9-202.1) and SPX (5099.6-5056.8). 

Stocks to watch FSLR, TSLA, TLT, EBAY, AMD, BIDU

Spec Names CPNG, VIPS, BYND 

Pre-800ET
Earnings  
Indices /btc, VXX, TLT, UUP, KWEB, EEM, USO, IWM, EFA, EWZ, SOXX, GDX, SMH, QQQ, XLF, XBI

S&P500 FSLR, EBAY, ALB, MU, PANW, MOS
Movers ACMR, CPNG, VIPS, AAP, MARA, MSTR, FSLR, CLSK, GOGL, EBAY, COIN, RIOT, RVLV, IAS, LMND, RXRX, BMBL, ARRY, BILI, BIDU, LI, JD, TGTX, BABA, TAL, BROS, ARM, MU, PANW, SMCI

Trade Idea: IWM

IWM has been the leader into month end but leading to the downside ahead of GDP print.  Straddle approach: Long > 203 with targets 204, 205 and fade below 202 with target 200.