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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 -.43%  Currencies:  USA$  +.32% Vix: +2.2%

·         News:  EUR: European stocks lower as right leaning parties gained strength. France called snap elections in reaction Japan: GDP q/q -0.5 as expected
Stocks: KKR+7.7%, CRWD+5.8%, GDDY+2%,  added to S&P500 PLTR -3%, CELH-3%, not added AMD-2.7%, downgrade  AVGO+1% pre-earnings ramp, DKNG+1.9% upgrade, LUV+7.8%, Activist involved AAPL+.4%, WWD starts Monday NVDA -.26% post split DO being acquired by Noble
Overview: USA SPY 533.9  support 532 530 and resistance 535 546.4, SPY expected move +/- 2.4., QQQ 462.9  with resistance 465 466 and support 460  expected move +/- 3.1,  USA large caps indices are flat but small caps are lower with macro factors negative as yields are higher and US% is higher. US$ is higher with Euro lower after European elections. Commodities which were slammed Friday with the US$ higher are bouncing in spite of the US$ moving higher. No USA  data today and some foreign exchanges closed so 0DTE will dominate trading. AAPL in play with WWD on and market looking forward to AI color, could go either way. S&P index adds and deletes will be active. S&P is ignoring the rise in US$ and yields which suggests flows are dominating. IWM is weaker as is having the normal reaction. Would be on the look out for either S&P pulling back or IWM moving higher. Technically IWM is oversold and S&P is overbought. NVDA on watch today for whether the split is a sell the news or yet another reason to buy. AVGO, ADBE, ORCL, earnings this week can lead to Pavlovian pre-earnings buying. Today’s daily expected move levels: SPY (536.4-531.6),  QQQ (466-460), IWM (202.7-200), SPX(5371-5323). 

Stocks to watch KKR, CRWD, AAPL, LUV, CELH, PLTR, NVDA,  Spec Names  OPRA, CVNA, GME

Pre-800ET
Indices UNG, USO, GLD, FXI, MSOS, IBIT, $US, XLE, TLT, IWM, XBI, EFA, XLF, FEZ
S&P500  LUV, WMT, ENPH, AVGO, AMD, HBAN, NVDA
Movers OPRA, NICE, LUV, KKR, DO, GME, CRWD, DNUT, GDDY, DKNG, CVNA, PAAS, EMT, ENPH, PBR, CLSK, BILI, CELH, PLTR, AMD, NVAX, ADBE, HBAN, UPST

Trade Idea: AAPL

AAPL WWD starts Monday and runs for 4 days. AAPL expected move for the week is +/6.5 with premarket high 197.8. Above 197.5 look for 200, which is the high open interest strike for the week. Above 200 potential move to 202.5, 205. Market is looking for a strong AI offering and stock can move higher on a positive reaction and alternatively it could be a sell the news. If long AAPL into the event be aware that it can go either way and AAPL has been running higher in anticipation of a strong AI story in spite of weak growth.