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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

Color Key: Positive – Neutral – Negative

•Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Positive equity global set-up

•Commodities:  Gold, Silver, Oil and natgas, Softs, Industrial Metals

•Yields: Yields are higher

•Currencies:  US $ -.01%;

•News: USA: GDP 830 2% Q/Q estimate; UE claims at 8:30 ET;

Stocks META, EBAY, KLAC, AAL, AZN, BAX, BTU, CMCSA, DB, FIS, HAS, HOG, HON, HTZ, KDP, ENVX, EW, HP, ABBV, CAT, CROX, DQ, IP, IPG, EPS

•General: Leading: bitcoin, lithium, tech, gold miners Lagging: US$, bonds

•Overview: Global indices positive ahead of US GDP. SPY 407 displays support of 405 with resistance of 408.5, 410. SPY expected move +/- 1.9. QQQ 315.5  with resistance at 317, 319, and 320 displays support of 315, 310, and 305. QQQ expected move +/- 2.7. Pre-market is risk-on with global equities positive and USA sectors positive which is a recipe for a trend day. Caveat is USA GDP report at 8:30 which may change the picture. META earnings are lifting QQQ and providing boost to AMZN PINS. Good earnings reports from pharma and industrial may lift the sectors in the morning. SPY is at the bottom of the expected move for week where bounce is more likely but a large move lower can result if 405 does not hold

•Stocks to watch AMZN, META, LLY, HON, AMD, WOLF, HP, CROX, ABBV, Spec Names  COIN, RIOT, MBLY

Pre-800ET
Earnings CROX, ENVX, ALGN, WOLF, STM, TSCO, LUV, IP, NOW, META, EBAY, CMCSA, HON, AZN, TDOC

Indices /btc, LIT, ARKK, GDX, QQQ, ICLN, EEM, XLY, EFA, GLD, XLB, DIA, XLF, XLV, VXX, TLT

S&P500 META, EBAY, AMZN, LLY, CMCSA, MA, HON, NVDA, NCLH, MRK, NFLX, VLO, VNO, ALGN, URI, LUV, ON, TSCO, PXD, MU, NXPI, NOW

IWM NOVA, RIOT, APPS, ENVX

WSB RIOT, AMZN, COIN, NLY, NVDA, NET, AMD, GME

Movers META, NOVA, JEF, TDOC, RIOT, PINS, AMZN, EBAY, CMCSA, COIN, LLY, SAP, HON, HOG, MT, UL, SHOP, MBLY, WOLF, VNO, STM, TSCO, ENVX, CROX

Trade Idea: AMZN

In my opinion, AMZN is a long idea ahead of earnings after the close with potential for momentum from META and MSFT earnings reports. Premarket high 108.14 can be used for a momentum long or pullback >= 107.  Day trade idea only. AMZN is expected to beat earnings but risk of guide down.