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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 – Neutral global set-up

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

·         Yields: 30Y Bond +.16%  Currencies:  USA$  +.3% 

·         News:  USA: FOMC 14ET
Stocks:  JKS -4.7%, BNTX -5.7%, SIG-6.5%, PDD +13.7%, GIS+2.9%, EPS INTC+3%, Commerce Dept $8.5B after DOD pulled $
Overview: USA SPY 516  support 515 512 510 and resistance  520,  SPY expected move +/- 3.7. QQQ 439.8 with resistance  440 442 445 and support  435 ; expected move +/-3.5. USA indices are mixed with QQQ +.25% and IWM -.35% with MAG7 names bid led by TSLA MSFT.  US$ higher ahead of key FOMC is weighing on commodities. USA govt money to INTC is reinvigorating the semis. Potentially following the day to day rotation and reversion with small caps leading Tues and lagging Wed. IV is elevated into FOMC meeting and assuming Powell doesnt massively spook the market, it usually leads to a support move post the meeting. Bonds and US$ will react to the dot plots with the 2025 dots moving the long end of the bond market.  SPX5100, SPY 510 is the key support level.   Moves outside daily expected moves can lead to much larger moves. Today’s daily expected move levels: SPY (519.4-512), QQQ (442-435), IWM (205-199), SPX(5215-5142). 

Stocks to watch  INTC, AMD, GIS, TSLA, MSFT, PDD, SMCI        Spec Names MNSO

Pre-800ET
Earnings  ZTO, HQY, PDD, GIS, PUK, OLLI, BNTX, SIG, JKS, KC
Indices KWEB, SMH, VIX, QQQ, UUP, XLK, TLT, IBIT, Yen, IWM, SLV, ARKF, GLD, XLF, Euro

S&P500  INTC, GIS, NDAQ, SMCI, BA, MRNA
Movers PDD, MODG, EH, MBLY, ZTO, RIOT, INTC, DWAC, GIS, GCT, BILI, AU, AFRM, TME, GFI, CHWY, LI, SE, EURN, PUK, BNTX, NDAQ, JKS, GOGL, TRMD, SMCI, FRO, BA, UL

Trade Idea: MNSO

MNSO is a $6.5B Chinese retailer of lifestyle products. China stocks are moving slowly off the floor on narrative that China is easing with risk that they are deeply out of favor with USA managers with concerns that USA govt actions can impact China stocks. Swing trade idea vs day trade.