.

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 +.27%  Currencies:  USA$  -.19% YEN +.45% BTC/USD -.16%  Vix: 18.35

·       News: USA: CPI 830ET; 10y bond auction 13ET UK: GDPm/m 0% vs .2%

·       Stocks: ASO 0%, WOOF0%, GME-10%, DBI-26% EPS ;
Overview: SPY 546.5 support 545 543.5 and resistance 550 554 SPY expected move +/- 5.3 QQQ 456.7 with resistance 460 465 support 455  452.6 expected move +/- 6.1. USA indices were rising overnight but fell on the release of CPI which was generally inline but Core CPI m/m was 0.3 vs 0.2. CPI reaction was yields, US$ higher, gold lower as probability of Fed cutting 50bps declined. Financials were hit Tues after JPM warned of lower net interest margins and ALLY warned of weakening consumers. Stock market reaction to debate appears to be that Harris won with solar stocks (SEDG ENPH RUN) higher, DJT lower and bitcoin names lower. ALB, a lithium supplier is sharply higher on report that China is reducing production and likely also benefiting from clean energy bounce. MAG7 is generally lower ex-NVDA. TSLA is leading MAG7 lower and potentially some Elon fall-out post debate. GME major move lower post earnings. SPX remains in negative gamma which leads to larger moves. Short term call heavy > 5480 with 5510 largest position and 5450 the largest short term put position which can serve as support and lead to a larger move below.

Expected moves SPY(554-543.5) QQQ(464.7-452.6) IWM(211.9-204.7) SPX (5548-5443)


Stocks to watch NVDA, FSLR, ALB, TSLA Spec Names VKTX, DJT, GME

Pre-800ET
Indices USO, UNG, SLV, MSOS, TLT, GDX, KWEB, XLE, XLU, ETHE, IBIT, $DXY, SPY

S&P500 ALB, FSLR, ENPH, AES, NEE 

NASI ASML
All SEDG, VKTX, RUN, NOVA, FSLR, ROKU, ENPH, FLNC, OSCR, ASML, ZIM, BHP, DJT, GME, SMMT, MARA, MSTR, DB, NVS, COIN

Trade Idea: FSLR

Solar stocks are up post the debate which reflects notion that Harris won. FSLR is best of the lot, which have performed very poorly and sector requires govt support. SEDG RUN CSIQ are other names and TAN is the sector ETF. FSLR expected move for week is +/-10.  Long > 220 with potential resistance 230, 240. Below 215 may be a fade and the move can be attributed to short covering with no legs. Note this is a non-fundamental idea relying on short covering.