.

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 – neutral set-up

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

      •        Yields: 30Y Bond +0.13%  Currencies:  USA$-0.12% CAD +0.2% YEN +0.02%  BTC/USD+0.33%  Vix:20.35

      •        Events USA: Trump says peace talks may resume this weekend while USA moves more troops and ships to the middle east
Stock News:    NFLX-10% AA -1.3%  ERIC-1%   FITB+0.3%   Earnings 
Equity: USA indices higher premarket with into monthly Opex.  Trump continues to talk the market up (squeeze shorts) with suggesting that potentially more Iran talks this weekend and Israel backing off from attacking Lebanon. USA is moving additional troops and ships to the middle east but market is positioned for peace and no impact due to the strait closed. Oil futures are lower despite substantially higher prices being paid for the physical and UK running out of jet fuel in 3 weeks. S&P rise from the lows has been record and fueled by shorts covering, vol falling and CTA flipping from short to long. One can consider the probability of the USA resuming the attack and think about downside hedges. Large cap tech is leading with software continuing to rise as hedge funds unwind hedges but in this case they are buying semis.  NFLX is the big name that reported earnings and has moved below the expected move on an earnings miss and the departure of the CEO and on watch for moves in RTH.  IWM is the leading index and the speculative tech ETFS are strong so risk on premarket but it’s Opex and expiration of calls today can act as a brake into end of day unless price can continue to run. Next week big names reporting are: VRT TSLA GE BA IBM and may see a mechanical bid into earnings.
 

      •        Stock AAPL MSFT ORCL NOW  NFLX XOM   Speculative  SOFI  AXTI
Indices SLV IGV XLK ARKF SMH IWM GDX MAGS ARKK AIPO /CL USO XLE

S&P500 UAL NOW NCLH HOOD AAPL TSLA MSFT WDC UNH F GM INTC   NFLX XOM
Other UMC SAP ZETA AAL STM SOFI ASX BCS BP ERIC AXTI NBIS

TSLA

TSLA is reporting earnings next week which may attract buying. It’s higher premarket and typically does well when shorts are being squeezed. Expected move is +/-6.3 into close today and +/-27 into April 27. There are large call positions at 395 so long idea > 395 with 400 target today. Potential squeeze to 430.