.

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 global set-up

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

·         Yields: 30Y Bond +.24% Currencies: USA$ +.13% Vix: +0.7%

·         News: USA: FOMC Kashkari 11:30 ET, 13:20 ET EUR: German factory orders -0.4% vs +0.4%
Stocks: ESPR+23%, FGEN+19%, HIMS+14%, UBS+9%, KVUE+2.3%,  PLTR-12%, TDC -11%, DDOG-10%, RACE-6%, DIS-5%, MCHP-2.7%, CELH-8%, BYON-10%, EPS AAPL event today 10:00 ET + rumor that AAPL developing an AI chip.
TSLA China shipments lower but competitors higher

·         Overview: USA SPY 516.7 with support at 515 and resistance at 518.6 and 520; SPY expected move +/- 2.1. QQQ 439.5 with resistance at 440 and 443, and support at 437.5 and 435; QQQ expected move +/-2.8. USA indices are mixed with IWM up and NASI slightly down with some MAG7 weakness. AAPL is in play today with its event. TSLA sales continue to slip in China. Monday was a short squeeze day on low volume which was telegraphed premarket. Today looks like some digestion with indices extended but options market is call heavy targeting 5200 so need to be prepared for additional squeezes. Tech earning reactions are generally negative. Macro neutral with yields falling but some US$ strength and commodities digesting Mon surge. Today’s daily expected move levels: SPY (518.6-514.5), QQQ (443-437.5), IWM (206-203), and SPX (5201-5160). 

Stocks to watch AAPL, DIS, CELH, BABA, NVDA, TSLA, DDOG

Spec Names OSCR 

Pre-800ET
Earnings
Indices IBIT, VIX, TLT, XLF, IWM, XLV, KWEB, FXI, GDX, GLD, SLV, FXY, ARKK
S&P500 KVUE, TGT, DIS, ROK, MCHP, TSLA, NVDA, SMCI
Movers ZETA, OSCR, MWA, HIMS, SYM, UBS, COHR, RIVN, GFS, GPS, STM, CART, CCJ, BHP, BUD, DEO, DDOG, TDC, PLTR, BYON, BILI, CELH, GEO, SPR, GFI, NTES, DASH, BEKE, GCT, JD, BABA, BP, BIDU 

Trade Idea: AAPL

AAPL is bid higher ahead of an event today where the new IPAD with potentially a custom chip. Rumor mill is discussing a potential AI chip which is the magical hot narrative. AAPL 184 premarket with resistance at 185 and acceleration above.  Pull back >= 182.5 may be buyable. Note: 10:00 ET is a binary event.