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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 – Slight positive global set-up

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

·         Yields: 30Y Bond +.3% Currencies: USA$ -.2% Vix: -1%

·         News: USA: Durable goods 8:30 ET; CB Consumer confidence 10:00 ET JP: CPI 2.3% y/y
Stocks: DNUT20% Deal with MCD; MKC+5.5% EPS; VKTX+13% Positive Phase 1 trial; UPS+2.5% guidance; DWAC+7% will trade as DJT; RDDT+12% new IPO
Overview: USA SPY 522 with support at 520 and 518, and resistance at 521.7 and 525; SPY expected move +/- 2.  QQQ 447 with resistance at 447.5 and 450, and support at 445 and 442; QQQ expected move +/-2.7.  USA indices are set-up risk-on premarket with a run since the European open. Small caps and Nasi leading. Macro factors are positive with long yields lower and US$ lower.  QQQ and IWM have hit the top of the daily expected move so pullback risk or larger move above.  Semis, biotechs, AI and gold are the leading sectors premarket.  Moves outside daily expected moves can lead to much larger moves. Today’s daily expected move levels: SPY (521.7-517.8), QQQ (447.5-442), IWM (207.4-203.7), and SPX(5237.8-5198.6). 

Stocks to watch MKC, AMD, TSLA, GLD, NVDA

Spec Names DWAC, VTKX, BHVN, DNUT 

Pre-800ET
Earnings MKC
Indices GDX, GLD, ARKK, XBI, KWEB, IWM, QQQ, SVIX, IBIT, UUP
S&P500 MKC, STX, SMCI, UPS, TSLA, NEM, MU, CCL, WDC, NDAQ, AMD, MRNA, MOS, WBA, CVS
Movers DNUT, VKTX, BHVN, MKC, STX, SMCI, UPS, TSLA, AU, GFI, NEM, MU, VRT, EH, GCT, DELL, ARM, PLTR, SBLK, BIDU, FRO, MOS, WBA, CVS 

Trade Idea: TSLA

TSLA higher premarket with market in risk-on setup in spite of another downgrade.  Premarket high 178.8 is the top of the daily expected move so a level for a squeeze or pullback.  Pullback long potential > 175 on dips. Potential fade < 175.