JOLTs Job Openings For March 8.488M Vs 8.680M Est.; 8.813M Prior

ISM Manufacturing PMI For April 49.2 Vs 50.0 Est.; 50.3 Prior

ISM Manufacturing Prices For April 60.9 Vs 55.5 Est.; 55.8 Prior

QQQ/NQ came down into demand zone overnight - now bulls need to respond (same comments apply to SPY/ES)

The final support area would be the previous lows IF secondary lows are lost (corrected typo)

ISM and Jolts at 10 am EST

US Treasury to sell $58 bln in three-year notes, $42 bln in 10-year notes, $25 bln in 30-year bonds. 

US Treasury says through July 2024 plans to hold weekly liquidity support buybacks of up to $2 bln per operation, up to $500 mln in tips. 

US Treasury says it does not expect to increase nominal coupon, or floating-rate note auction sizes for next several quarters.

US Treasury says it intends to change regular six-week cash management bills into benchmark bill. 

US Treasury: It's prudent to continue incremental increases in tips auction sizes in the May to July quarter. 

US Treasury says to increase June five-year tips reopening auction size by $1 bln to $21 bln. 

US Treasury says to keep may 10-year tips reopening auction size at $16 bln.

 US Treasury: We're to raise the July 10-year TIPS new issue auction size by $1 bln to $19 bln.

QRA - No Coupon Auction Size Changes: "Based on current projected borrowing needs, Treasury does not anticipate needing to increase nominal coupon or FRN auction sizes for at least the next several quarters."

QRA being discussed on CNBC now

U.S ADP NONFARM EMPLOYMENT CHANGE (APR) ACTUAL:  192K VS 184K PREVIOUS; EST 180K

Thanks Morton 

Tuesday Newsletter

Vulnerable indeed 

SPY - Chart Link

$SPX - Chart Link - pretty symmetrical bounce into supply and rejection.

QRA tomorrow and FOMC so expect more volatility 

Tagged 800 after hours

SBUX was de-caffeinated after hours

CGC big squeeze 

5066 and 5041 below on ES

New lows - lower stops 

USD and 10 Y Yield (High of Day)