.

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, Bitcoin
• Yields: 30Y Bond -.45%  Currencies:  USA$  -.03%, YEN -.01%, Vix: 16.0
• News:  USA: Consumer confidence, Richmond MFG 10ET; 2yr auction 13:00 EUR: German GDP Q/Q -0.1%; German consumer confidence -22 vs -18.2 
  Stocks: BNS-.7%, BMO-2.4%, BHP+.3%, TCOM+9.3%,  EPS JD+3.9% buyback CAVA-9.4% share selling AAPL -.6%, CFO stepping down; LLY announced lower cost weight loss drug, HIMS, NVO lower
• Overview: SPY 560.1 support 558 555 and resistance 563 565, SPY expected move +/- 2.7,  QQQ 474.6  with resistance 476.6  480  support 475 473 471,  expected move +/- 4. USA indices are down slightly with IWM leading to the downside.  MAG7 are generally weaker with NVDA leading to the downside with the 125  level key to watch. Canadian banks BMO BNS lower post earnings with revenue miss and higher credit loss provisions.   SPX5600 is a good bull/bear level to watch today.

 Expected moves SPY(563.5-558.1), QQQ (479.3-471.3), IWM(222.5-218.5), SPX (5643.8-5589.8)


Stocks to watch NVDA, AMZN, TSLA, WDAY, ROST, CAVA, USO, BIDU  Spec Names   IBIT

Pre-800ET
Indices VIX, BITI, FXI, KWEB, COPX, AMD, XLB, IBIT, AAPL, LLY, TLT, NVDA, GDX 

S&P500 PARA

NASI
ALL TCOM, RYAAY, HMY, JD, LI, VALE, STLA, CLF, GDS, GFI, STM, FLUT, CAVA, HIMS, PARA, SBLK, MSTR, CLSK, MARA, AU, VKTX, NVO, HUT

Trade Idea: NVDA

NVDA pulling back to 125 premarket which is an important option positioning level where bounce is possible, if not downside targets 124 123 with larger support at 120. Earnings are upcoming and hedging in advance of earnings can put downside pressure on the stock. NVDA has been trading 123-131 for the past week with all dips bought. A break below 123 would be significant and unexpected.