.

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 +.1%  Currencies:  USA$  +.08% Vix: -1%

·         News:  USA: Waller 18ET
Stocks:  GME-17%, EPS,  CCL, EPS, HOOD +6% launched Gold card MRK +5% Rare drug approved DJT+13%, Trump Media new meme stock
Overview: USA SPY 520.8  support 520 517 and resistance  520.6 525 SPY expected move +/- 1.7. QQQ 445.1 with resistance  445.6 450  and support  445 441 ; expected move +/-2.3.  USA indices are set-up risk-on premarket with a run up since Tues close and late day drop. Small caps and Nasi leading with the most speculative names higher. US$ rising and long yields falling are a mixed setup. USA indices close to the top of the daily expected move can lead to either a larger breakout above or retracement. Levels to watch on pullback are SPY 520 and QQQ 445. Moves outside daily expected moves can lead to much larger moves. Today daily expected move levels: SPY (520.6-517),  QQQ (445.6-441), IWM (206.3-204), SPX(5221-5186.2). 

Stocks to watch  MRK, HOOD, MRVL, Spec Names DJT, VKTX, NVCR 

Pre-800ET
Earnings  GME
Indices IBIT, ARKK, IWM, XBI, IPO, QQQ, SMH, DIA, XLK, XLY, XLV, GLD, SPY, VIX, FXI, KWEB, EWC
S&P500  MRK, MRNA,  CCL, WDC, SMCI, TSLA, NEM, NCLH
Movers NVCR, HOOD, ROIV, MRK, MRVL, MRNA, DB, THC, RUN, DNUT, SMTC, COIN, CCL, WDC, SMCI, VKTX, MSTR, EH, ARM, GME 

Trade Idea: DJT

DJT is the converted DWAC SPAC for Trump media. Not for the faint of heart. Latest meme stock. Resistance at 75, support at 55.  Look for breakout or rejection at 75.