.

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 +.0% Currencies:  USA$ -.17%, YEN +.30% BTC/USD -.74%  Vix: 19.25

·         News: USA: ADP jobs, UE claims 830ET; ISM services 10ET EUR:  German factory orders better than expected but weakening
Stocks: AI-19%, VRNT-13%, HPE-4%, CHPT-8%, NIO+3.8% EPS NVDA -2% USA DOJ antitrust subpoena 

·         Overview: SPY 549.9 support 548.5 547 545 and resistance 550 555 SPY expected move +/- 4  QQQ 458.5  with resistance 460 462 465 support 457.5 456.5 455 expected move +/- 4.1. USA indices are at premarket lows following release of ADP jobs report 99k vs 145k but initial claims 227k vs 230k and continuing claims lower. Bond yields and US$ fell post the report which is giving a bid to precious metals. Nasi is leading to the downside with weakness in NVDA and semi being offset by strength in TSLA and AMZN. IWM is positive which is likely due to regional banks which benefit from the drop in long term rates. SPX is put dominated with large positions at 5515 and 5500 which can provide support or acceleration below. Potential for large drop below 5500.

Expected moves SPY(555-547) QQQ (464.7-456.5) IWM(216.5-209.5) SPX (5560-5480)


Stocks to watch TSLA, AMZN, TSLA, SLV, GLD, NVDA, AMD   Spec Names   NIO

Pre-800ET
Indices SLV, GDX, USO, UNG, GLD, XLU, XLY, XLE, IBIT, ETHE, SMH, XLK, QQQ, FXI, US$, XLC, SPY

S&P500 TSLA, NEM, HPE, SMCI, DLTR, AVGO, NVDA, MU

NASI TSLA, AZN, SMCI, ASML, AVGO, QCOM
IWM PCVX, AI, VRNT, CRDO, STNE, VRNS

Trade Idea: TSLA

TSLA is higher premarket following Wed squeeze. Todays catalyst is a rollout of the FSD plan and AI chatter from Musk. Premarket trading at 225 which above can lead to 230 and below to 220, 215. Premarket low 223.5 is a potential fade level. TSLA is now at the top of the weekly expected move, hence stretched and odds favor consolidation or pullback but it’s TSLA. Resistance at 230ish over last month.