.

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 – Positive global set-up

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

·       Yields: 30Y Bond +.28%  Currencies:  USA$  -.02% 

·       News: USA: USA CPI 830ET 
Stocks: ORCL+13% MNSO+11% BZ+6.9% ADM+2.9%    ONON-16.5% IGT-2%  EPS ACAD-15% phase 3 fail
Overview: USA SPY 512.6  support 510 508 506.6 505 and resistance  515 516 520  SPY expected move +/- 4.7. QQQ 439.5 with resistance  440 443 435  and support  435 431.5 430 ; expected move +/-6. USA indices are positive ahead of CPI print led by QQQ. ORCL up substantially on meeting earnings but discussion of AI and potential NVDA deal lifting AI related names and cloud software names. LUV warning of lower traffic  weighing on airlines and may spill over to lodging.  Implied volatility is elevated into the CPI print, which should provide support on dips. Pay attention to daily expected moves and NVDA 850 as breaches can lead to larger moves.   Today’s daily expected move levels: SPY (516-506.6)  QQQ (443.4-431.4), IWM (208.4-202) SPX(5165-5071).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040.
Stocks to watch  ORCL NVDA AMD META    ONON LUV Spec Names  MNSO BILI 

Pre-800ET
Earnings  ADM MNSO CC KSS ORCL CASY MTN BZ IDT
Indices KWEB FXI IGV SMH XLK ARKK ARKG QQQ TLT SPY XBI    VIX GDX GLD XLI DIA

S&P500 ORCL MMM ADM ALB NVDA FCX AVGO LUV AAL BA DAL
Movers ORCL MNSO BZ BEKE ZTO BILI MMM JD DB TCEHY MSTR LI MT ADM PATH PBR ACAD ONON LUV AAL ASAN RBLX GFI BA

Trade Idea: AAPL

AAPL is potentially putting in a bottom and can benefit if money shifts out of parabolic names like NVDA. Above premarket low 172.8 potential long with target 175 and then 180. High call positions at 175, 180, 185