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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

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

Market Setup- Pre-7:30 ET 

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

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

·         Yields: 30Y Bond +.15% Currencies: USA$ -.05% 

·         News: JPN: Final GDP 0.1% vs 0.3% y/y’ Machine tool orders -8% y/y
Stocks: COIN+6%, MARA+5.4%, RIOT+4.5%, NVDA -1%, AMD -1.7%, SMCI -4%, MDB -8.5%, BA-2% lawsuit
Overview: USA SPY 509.7 with support at 509 and 508, and resistance at 510, 512.1, and 515; SPY expected move +/- 2.74.  QQQ 437 with resistance at 440 and 442, and support at 435; QQQ expected move +/-3.13.  USA indices are moving lower in premarket led by the Nasdaq and semis in particular. IWM and ARKK are outperforming, perhaps being lifted by bitcoin names. No major economic news so the market is in the hands of 0DTE and NVDA option traders. Pay attention to daily expected moves and NVDA 850 as breaches can lead to larger moves.  Today’s daily expected move levels: SPY (514.5-509), QQQ (442.2-435.9), IWM (208.3-205.4), and SPX(5151-5096).  SPX Call wall (resistance) shifted to 5200 and Put Wall (support) to 5040.

 
Stocks to watch IBIT, COIN, AAPL, NFLX, BA, NVDA, AMD

Spec Names MARA, BILI, SMCI 

Pre-800ET
Earnings  
Indices VIX, IBIT, KWEB, FXI, TSLA, NFLX, ARKK, XLB, FXY, TLT, AAPL, SLV, EFA, QQQ, XLK, XLF, XLV, XME, IWM 

S&P500 XEL, LIN, EQT, BA, META, MU, LLY, AMD, ANET, AVGO, COST, QCOM, FCX
Movers MSTR, ETRN, BILI, COIN, CLSK, PDD, MARA, DQ, RIOT, TCEHY, LIN, RXRX, EQT, SMFG, MURFG, SMCI, RIO, ARM, VALE, BHP, VKTX, GOGL, CRWD

Trade Idea: AAPL

AAPL is potentially putting in a bottom and can benefit if money shifts out of parabolic names like NVDA. Above premarket low 170.8 potential long with target 175 and then 180. High call positions at 175, 180, 185.