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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 – Neural – 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 -.65%  Currencies:  USA$  +.28% YEN -.4% BTC/USD +.99%  Vix: 20.8

·         News:  USA: FED speakers China: CPI 0.4% y/y declining; Additional stimulus but less than USA markets wanted.
Stocks: JPM+1.3%, WFC+3%, BLK+1.8%, FAST+4.4% EPS TSLA-6% Robo event not well received UBER LYFT bouncing
Overview: SPY 580.8 Support 580 578 576.3 575 and resistance 582.9 585 SPY expected move +/- 3.3 QQQ 495.4 with support 495 492 490  resistance 495 496.4 expected move +/- 3.5. Global indices are mixed with China lower with less stimulus than USA market wants. Impact is weakness in oil and commodities with OPEC reducing oil consumption projections due to China. USA indices are mixed after Fri short squeeze with Nasi leading and IWM lagging. MAG7 are all higher which is propelling NASI. NVDA continues to get upgrades and the sentiment is still strong in the AI space. TSLA received an upgrade after Fri negative reaction to the event and 220 is a level to watch. Bitcoin related names are all moving higher following large moves Fri (MSTR HOOD COIN). No idea why, but term Uptober is being used. Today the bond market is closed for Columbus Day, currently 10yr yields are continuing to rise which normally would be bearish for growth stocks but for now equity market is disconnected from the bond market. US$ is rising with yields which is negative for commodities and usually negative for equities however equities are continuing to rise possibly due to foreign flows into USA equities. IMO the rising yields/US$ are a risk. Canadian market is closed today. With Opex this week and positive gamma set-up, SPX may grind up into Wed with opportunity for greater volatility post Wed Vix expiration.

Expected moves SPY(582.9-576.3) QQQ (496.9-489.9) IWM (223.1-219.4) SPX (5848.3-5781.7)


Stocks to watch NVDA, TSLA, CAT, FCX, BA Speculative MSTR, UPST, HIMS

Pre-800ET
Indices ETHE, MSOS, IBIT, ARKK, SMH, US$, XLK, QQQ, KWEB, FXI, ARKK, XLY, USO, TLT, XLU, QQQ, IWM

S&P500 VST, TSLA, NVDA, SMCI, WDC, LUV, FCX, BA, CAT, LVS, WYNN, UBER

NASI SIRI, ARM, SMCI, NVDA, TSLA, ASML, PDD
Other LBPH, HIMS, MSTR, MARA, SIRI, VST, UPST, COIN, HOOD, AFRM, NU, ARM, NVDA, SMCI, XPEV, AS, BIDU, FUTU, FCX, BILI, PDD, BA, BABA

Trade Idea: NVDA

Casino is open premarket and NVDA is the hedge fund favorite game. While above 135 the funds will try to lift it to the 140 call wall. NVDA is technically stretched premarket so look for a pullback > 135 ideally to vwap for a long entry.