.

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 – positive set-up

·         Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin

·         Yields: 30Y Bond +0.11%  Currencies:  USA$ -0.07% CAD -0.06% YEN +0.48%  BTC/USD-2.4%  Vix:18.7

·         Events:USA: Non-farm payrolls 830ET

·         Stock News:SHOP+10%, NET+16%, TDX+14.6%, GFS+7.4%, GNRC+5.9%, MNTN+34%, TSEM+7.3%, HOOD-7%, LYFT-17%, MAT-27%, ALAB-11%, RPD-22%, HUM-6.5%, THC-2.9%, MLM-4%, KHC-5.6%   Earnings

·          Equity:  USA indices are flattish ahead of non-farm payroll report with volatility elevated. SPX range of stability 6900-7000  with main risk a break below 6900. MAGS led by NVDA with semis in general in favor with positive reaction to GFS and TSEM earnings reports. Memory names are being bought again  premarket with MU SNDK, WDC higher. Commodities in general are  higher with metals, oil higher. USA jobs report indicated  more jobs than expected and a lower unemployment rate which has led to the US$ rising and US rates higher and equities higher. Positive earnings reactions: SHOP NET GNRC GFS and negative: HOOD LYFT MAT ALAB HUM THC MLM KHC. One can watch the earnings names for movement when market open. It is normal that indices rise on econ data being reported as IV falls and puts lose value.SPX upside resistance is 7000 so would take care if SPX continues. IWM is leading and ARK ETFS are higher so looks like a risk-on day premarket, will need to see if that continues. The MAGS names have 0DTE options today which can lead to sharper moves in the names. Currently NVDA is the lead pony but can change when the market opens.

·         Daily Expected Move. SPX(6993-6890)  SPY(697-687) QQQ(617-605)  IWM(270-263)

Stocks to watch SHOP NVDA MU NET TLT  Speculative VRT AG  U LYFT ALAB
Indices SLV GDX /CL SMH XME IWM XLE EWC  XLI KRE ARKG MSOS SPY   ETHE IBIT UNG TLT 

S&P500 SHOP GNRC AKAM ALB WAB MU FCX NEM PANW ETN MRNA HOOD HUM KHC APP MLM GILD ADSK VMC TTWO
Other NET VRT SHOP ASTS AG HL CRML BP MAT U UPB LYFT ALAB AVTR SOLS RGTI MSTR NVO BMNR SMR IREN 

CSCO

CSCO is a large data networking equipment company which has been lifting as market pivoted to DJIA style names and CSCO and others like CIEN and ANET benefiting from data center networking needs. Earnings after the close with expected move +/-5. Good candidate for calendar or butterfly trades with IV 93% this week. CSCO has made a large move on no news so risk if guidance is not better than expected.