.

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

Color Key: Positive – Neutral – Negative

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

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

·         Yields: Yields are lower

·         Currencies:  US $ -.30%

·         News: USA: CB Consumer Confidence at 10:00 ET 

·         Stocks AI names: NVDA AMD AI IONQ SMCI continue to be squeezed through option market and short squeezes

·         General: Leading: Bitcoin Semis Tech   Lagging: Volatility Energy Commodities

·         Overview: USA SPY 422.3 displays support of 420, 419, 415 with resistance at 425, and 430. SPY expected move +/- 3.39. QQQ 353.6 with resistance 355, 360 and displays support of 350, 345, and 340. QQQ expected move +/- 5.5. Macro setup is positive with yields lower, US$ lower and global equities mixed.  AI names, semis, high short interest, bitcoin are all surging premarket is a recipe for strong Nasdaq trend day with S&P being dragged with it. End of the month is usually positive and the debt ceiling “deal” can lead to short covering. Caveat is the NYSE, equal weighted S&P, small caps are below the 200sma and Nasdaq relative to the S&P is massively extended. 

·         Stocks to watch AI, NVDA, TSLA, AMD, TSLA, F, PDD, AMZN, XLE    Spec Names  AI, RIOT, PLTR, IONQ, S

Pre-800ET
Earnings 

Indices /btc, SMH, ARKK, QQQ, XLK, FDN, ARKQ, faangmt, XLY, GDX, VXX, USO, XLE, DBC, UUP

S&P500 NVDA, NFLX, AMD, TSLA, F, INTC, PARA, ON, MTCH, META, QCOM, AMAT, CRM, BSX, AVGO, NOW, DOW, MRO, SLB

IWM CRDO, AI, RIOT, MSTR, IONQ, SMCI, S, RMBS, ASAN, ING

WSB AI, RIOT, PLTR, MSTR, COIN, NVDA, AMD, TSLA, F, AFRM, UPST, RIVN, NET, AMZN, GME, ORCL, UBER, DELL

Movers AI, RIOT, PLTR, PATH, COIN, IONQ, MRVL, NVDA, AMD, TSLA, INTC, F, PDD, CVNA, META, AMZN, CCL, MSFT, TSM, AAPL, GOOGL

Trade Idea: TSLA

In my opinion, TSLA is a way to play a squeeze in overpriced tech. Potential long > 200 with targets 205, 210, 220.