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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 -.33%  Currencies:  USA$  -.13% Vix: -1.6%

·         News:  USA : PMI 945ET; New home sales 10ET EUR: MFG PMIs < 50 and weakening Services > 50 and improving
JPN: MFG PMI < 50 but improving
Stocks: SAP+3.7%, DHR+6.7%, UPS+.8%, LMT+1%, GE+4.5%, NVS+5%, PEP+.08%, SPOT+7%, EPS, SHW-4.6%, CDNS-5.6%
Overview: USA SPY 500.6 support 500 499 496.5 495  and resistance 503 505 SPY expected move +/- 3.3. QQQ 419.8 with resistance  420 422.6 425 and support 418 415 ; expected move +/-3.7. USA indices are mixed premarket with large caps slightly positive and small caps negative. Macro is mixed with higher yields, lower US$ and lower commodities. MAG7 ex-AAPL, TSLA are bid with AAPL negative China sales reports continuing to drag. DHR earnings may lift medical equipment. SPOT may be a mover today. SPX5000, SPY500 are important levels to hold for bulls Indices are negative gamma, hence look for larger moves in both directions. Today’s daily expected move levels: SPY (503-496.5)  QQQ (422.6-415), IWM (197-193) SPX(5043-4977). 

Stocks to watch:  SPOT, NVS, GE, NVDA, AMD, META, AAPL,

Spec Names: SE, PDD, MARA, 

Pre-800ET
Earnings: SAP, CDNS, NUE, CLF, PEP, NVS, DHR, GE, PM, RTX, UPS, LMT, SHW, FCX, SPOT, GM, KMB, HAL, PHM
Indices: KWEB, FXI, XBI, SMH, XLV, XLI, EFA, QQQ, VIX, SLV, IBIT, XLB, COPX
S&P500:  DHR, GE, GM, KMB, AMD, F, FSLR, META, NVDA, GL, SMCI,  LMT, NUE, CDNS, AAL, NEM
Movers: SPOT, NVS, PENN, RBLX, SAP, FUTU, TAL, DDOG, ARM, SE, STLA, PDD, NEP, CNHI, VRT, NVO, CALX, XRX, BILI, AFRM, AA, CPRI, RIO, CLF, MP, GFI, BHP, AU, AEM, PAAS 

Trade Idea: PDD

PDD is a Chinese retailer. Big move on elevated call buying Monday. Looking for a pullback > 120 and flag for a long entry. May call options are targeting 135 with large positions at 140 and 150