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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

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

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

·         Yields: 30Y Bond -.13% Currencies: USA$ -.08% 

·         News: JPY: Core mfg Orders m/m -1.7% vs -0.7% China: Ind Prod 7% vs 5.3%, Retail sales 5.5% vs 5.6% Canada: Industrial Production Price Index 8:30 ET
Stocks: GOOGL+5% Potential AAPL+1.3% deal NVDA +2.5% Conference starts Monday
Overview: USA SPY 511.7 with support at 510 and 508, and resistance at 515 and 520; SPY expected move +/- 2.4. QQQ 436.6 with resistance at 437.4 and 440, and support at 435 and 430; QQQ expected move +/-3.5. USA indices are higher with QQQ rebounding from Friday selling led by GOOGL, NVDA, and TSLA. NVDA conference next 3 days catalyst for movement of major tech stocks with NVDA the key with its impact on semis. Post Opex greater movement possible with options market providing less support for the next 2 weeks.  Today’s daily expected move levels: SPY (512.2-507.5), QQQ (437.4-430.4), IWM (204.3-200.6), and SPX (5140.6-5093.6). 

Stocks to watch TSLA, NVDA, GOOGL, TSM, PDD

Spec Names MNSO  

Pre-800ET
Earnings  
Indices VIX, QQQ, KWEB, FXI, SPY, XLK, IBIT, XLF, DIA

S&P500 GOOGL, TSLA, MU, MRNA, SMCI, PEP, AMD, BA
Movers GOOGL, RXRX, VRT, MU, TSLA, MRNA, NVDA, PDD, SMCI, BILI, PEP, TSM, AMD, RIVN, PLTR, VALE, MRVL, FOUR, LI, MSTR, MARA, AU, RBLX, GFI, BA

Trade Idea: AAPL

AAPL potentially bottoming getting a bid on potential partnership with GOOGL Gemini for AI. AAPL has been a laggard and all pops have been sold.  Break over 175 may lead to upside with a gap to 180 but keep a lookout for pops to be sold. Opex may have cleared out some of the puts that have been holding back the stock.