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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, Bitcoin

·         Yields: 30Y Bond -.43% Currencies: USA$  +.45%, YEN -.9% BTC/USD +.19% Vix: 19.9

·         News:  USA: Wholesale inventories 10ET; Consumer credit 15ET China:  CPI/PPI lower than expected

·         Stocks: PLTR+8.7%, DELL+4.7%  added to S&P500  ARM+3.8% upgrade and AAPL mention BA+3.2% strike settlement SMMT+30% cancer drug outperforming MRK

·         Overview: SPY 544 support 542 540 535 and resistance 545 545.8 SPY expected move +/- 5.4 QQQ 452.4 with resistance 455 458 460  support 450 446 445 expected move +/- 5.9. USA and European indices have bounced since the futures started trading Sunday after an outsized drop on Friday. USA indices are led by large-cap tech with small-caps lagging. Macro setup in theory is not bullish with long yields and US$ higher but metals and oil are bouncing regardless, potentially short covering. China CPI/PPI were weaker which should not be positive for commodities. No major econ data today so market will be driven by 0DTE options.  Premarket bounce is likely due to the puts and shorts added Friday. DELL PLTR ERIE added to the S&P500 is lifting those stocks. Adjustments have been made to midcap and small cap indices which is moving stocks.

Expected moves SPY(545.8-535) QQQ(454.6-442.8) IWM(210.9-204.9) SPX(5462.4-5354.4)


Stocks to watch TSLA, NVDA, BA, PLTR, DELL, ARM, MRK, CL   Spec Names  SMMT, DJT 

Pre-800ET
Indices MSOS, ETHE, IBIT, ARKK, SLV, SMH, XLK, XLY, QQQ, XME, GDX, XLF, UNG, FXI, TLT, KWEB

S&P500 BA, TSLA, FCX, PYPL, AMZN, MU, QCOM, NVDA, AMD, MRK, CL

NASI TSLA, MRVL, ASML, PYPL, AMD, AMZN, MU, QCOM, NVDA, AMAT, ON
All SMMT, PLTR, DELL, DJT, ARM, BA, CNH, CLS, TGTX, ASTS, MARA, COIN, SQSP, X, RHHBY, MRK, SDRL, GME, CRH, IOT, PUK

Trade Idea: PLTR

PLTR is up on be added to the S&P500 exceeding the expected move. Short term extended and a pullback would be normal. Call positions at 33 can act as resistance as will the previous high of 33.33. There are call positions at 35 36 37 can act as resistance or acceleration levels above 33. Not a remotely cheap stock with a PE 150 but it is an AI name with alot of govt contracts and is popular with retail. Pullbacks > 32 could be long opportunity.