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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

**govt – government 

Color Key: Positive – Neutral – Negative

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

·         Commodities:  Gold, Silver, Oil, natgas, AGGS, Industrial Metals 

·         Yields: 30Y Bond +.25% Currencies:  USA -.08%

·         News:   USA:  Richmond mfg 10ET Japan: Housing starts -8.5% y/y 

·          Stocks:   Bitcoin popping on notion that SEC will approve bitcoin ETFs [COIN MSTR MARA RIOT BTBT] Biotech remains hot XBI +0.8%; Spec tech up ARKK +0.6%  [COIN DNA CRSP TSLA HOOD SHOP]
Overview: USA SPY 476  support 475 473.8  and resistance 477.6 480.  SPY expected move +/- 1.9  QQQ 411.2 with resistance  413.2 415  and support  410 408.6; expected move 2.3. Global indices are up premarket after many closed Dec26. Macro setup is bullish with long yields and US$ lower. USA equities are favouring small & mid caps over large cap with leadership from semis, biotechs and bitcoin.  No major data releases or analyst changes so expecting light volume day with risk of sharp intraday moves controlled by 0DTE flow. Positioning is currently uber bullish which is the risk if negative news flow should appear. Today daily expected move levels: SPY (477.6-473.8)  QQQ (413.2-408.6), IWM (206-202.2) SPX(4794-4756). 

Stocks to watch: TSLA, INTC, ZIM, AAPL, COIN, TM, ZIM   

Spec Names: CHRS, HIVE, MARA, CLSK, MSOS 

Pre-800ET
Earnings   Indices: /btc, MSOS, ARKK, XBI, TLT, SOXX, IBB, GDX, EEM, SMH, KRE,   VXX, EWZ, HACK, XLI, 

S&P500:     COST

IWM:  CYTK, MARA, CLSK, RIOT, IMGN
Movers: CYTK, BUR, BTDR, HUT, MARA, CLCK, RIOT, COIN, ZIM, GFI, AZN, AA, STX,  NTES, TRMD, HOLI, KT, COST, IMGN

Trade Idea: MSOS

MSOS leading in premarket today with follow through day following recent presidential pardon of people convicted of personal marijuana possession renewing notion of Federal changes in Q1 2024. MSOS and cannabis names can potentially benefit in early 2024 from move into losers which were tax sold in 2023.   Premarket high 7.28 can be used for a momentum long with resistance 7.67, 8 and support 7.  Call open interest building at 8, 10, 12. Potential short term mover as well as longer term. GLASF best looking individual name and TLRY popular with traders