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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, Bitcoin

·       Yields: 30Y Bond +.18% Currencies: USA$ +.01% Vix: +1.9%

·       News: USA: PCE 830ET Consumer Sentiment 10ET
Stocks: SKX+2.2%, DECK+11%, CNC+0.9%, MMM+6%, BMY+4.9%, DXCM-35% EPS  
Overview: Pre: PCE USA SPY 543 with support at 540, 535, 533 and resistance at 543.3, 545, 548. SPY expected move +/- 4.9. QQQ 463.8  with resistance 464.3 465 470 and support 460 455 expected move +/- 6. PCE 2.5% vs 2.4% forecast but lower compared to prior print. Initial reaction is US$ lower and TLT higher which is usually supportive to equities and gold. USA indices are at the top of the daily expected move hence a pullback at the open would be normal. S&P is in negative gamma hence large swings are to be expected with a breakout above the premarket high potentially leading to a trend day or conversely a retest of the Thursday lows. MAG7 is led by NVDA TSLA and META. IWM is extended, above the weekly expected move, and is the most sensitive to rate expectations and has downside exposure to a higher than expected PCE. Bitcoin is in play with a bitcoin conference this week that Trump is speaking at, ETHE, IBIT or bitcoin related names like HUT, MARA, CLSK, COIN, IREN are names to watch.


Expected moves SPY(543.3-533.5) QQQ (464.3-453.3) IWM(225.1-216.1) SPX (5448.2-5350.2)


Stocks to watch NVDA, MMM, BMY, COIN, AMD, DXCM, LLY, TNDM   

Spec Names HUT

Pre-800ET
Indices IBIT, ETHE, SMH, ARKK,  IWM, XLK, QQQ, MSOS, KRE, GDX, XLY, UNG, SLV, USO, FXI
S&P500 CHTR, MMM, BMY, PODD, CZR, NVDA, ENPH, SMCI, QCOM, CCL, CRWD, MU, AMAT, TSLA, AMD, DXCM, BIIB, LLY
Movers IGT, CHTR, HUT, MMM, RIOT, MARA, CLSK, BMY, COIN, PODD, VKTX, ASML, PENN, ARM, UPST, JMIA, APRN, HOOD, DXCM, TNDM, BIIB, STLA, ASX, LLY

Trade Idea: BMY

BMY has moved > expected move on an earnings beat. BMY has been a serial underperformer which has broken out of a downtrend. Extended in the short term but a name to watch for with a target of 52. Dividend 5.3% and in a space that can attract money if there is a rotation from growth to value. Covered call candidate for yield enhancement. Ideally look for pullback > 45