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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 – positive set-up

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

·         Yields: 30Y Bond -0.24%  Currencies:  USA$ +0.14% CAD +0.06% YEN -0.05%  BTC/USD+0.54%  Vix:20.4

·         Events:USA: Jobless claims 830ET; Pending home sales 10ET

·         Stock News:DASH+9%, FIG+2.8%, ETSY+20%, LMND+11%, PWR+5%, AG+2%, WMT-3%, W-5%, TAP-5%, YETI-6%, KLAR-15%, RIO-3%, CVNA -8.5%,   Earnings 

·          Equity:  USA and global indices lower premarket after dipping post FOMC meeting minutes. QQQ is the weakest USA index with MAGS lower ex-MSFT with TSLA AAPL leading lower. Energy is the strongest S&P sector with oil and natgas higher with the continuing risk of USA attacking Iran which is also positive for defense names. Media is reporting that USA will strike Saturday with market closed:)  WMT is the biggest name reporting and trading lower with weak forecast and lofty valuation.  Big movers are earnings related Higher: ETSY APPN LMND FIG EBAY DE DASH OXY Lower: CVNA EPAM POOL W . DE, OXY, ETSY, EPAM, POOL have moved outside the expected move with potential for continuation. SPX 0DTE is indicating a band of support 6850-6880 and can have larger moves outside with 6800 the key level to hold. Vix futures are rising premarket and there has been buying of Vix calls as hedges which is a caution signal but 0DTE option traders have been supporting the market intraday so ying and yang. Econ data was mixed with jobless claims lower, continuing jobless claims higher and Philly Fed was higher. GDP and PCE Fri may be market moving aligning with Opex.

·         Daily Expected Move. SPX(6937-6825),SPY(692-680), QQQ(612-600),  IWM(267-261)

Stocks to watch MSFT DE OXY PWR TSLA META WMT W  Speculative DASH FIG  CVNA KLAR
Indices XLE UNG SLV IBIT XLI XLC  XME FEZ QQQ IWM EFA XLB TLT XLP XLF MAGS

S&P500 DASH EBAY PWR DE OXY HST SO J  EPAM POOL LKQ TAP ACN BX GEHC CNP KMX
Other ETSY RELY LMND FIG CPNG HIMS TEM AG RCAT COLD KLAR SBSW RIO W OWL INFY ZIM

ACN

ACN is a consulting company which is deemed by many as an AI loser. Technically oversold but below the 220 put wall and large positions at 210 and 200 which can lead to further decline. Ideally one would look for failed bounces < 220 with targets 210, 200 and potentially lower.