.

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 -0.3%  Currencies:  USA$  +.09%, YEN -.25%, BTC/USD +0.7%  Vix: 18.8

·         News:  USA: JOLTS, Consumer confidence 10ET China: Chatter of more stimulus JP: Political uncertainty weighing on Yen 

·         Stocks:   F-5.5%, AMKR-11%, CHP-6.3%, NVS-3.7%, MCD-5.3%, RCL-1.7%, DHI-12%,  VFC+19%, CWH+7.7%, CDNS+5%, THC+4.5%, PFE+1.6%, FFIV+9.9%, GLW+7.3%,  EPS 

·         Overview: SPY 579.6  support 577.8 575  and resistance 580 583.3 585 SPY expected move +/- 3 QQQ 494.9  with support 491.8 490 resistance 495 500 expected move +/- 3.6. USA indices have been downloading since European open and have not had the usual NY premarket bounce. Yields and US$ are continuing to increase which would normally be negative for the equity markets and small caps in general however positioning is continuing to support the S&P and 5800 remains the key  SPX support level. China chatter of 10T Yuan is lifting China stocks and lifting metals yet again. China stocks were bid yesterday and continuing in the premarket. Bitcoin, gold, silver continue to be squeezed defying normal inverse correlation with US$. DJT Trump stock continues higher which is a combination of a short squeeze and bet on Trump winning. MAG7 are mixed with GOOGL up ahead of earnings and AAPL, NVDA lagging. JOLTS at 10ET will be market moving and AMD, GOOGL reporting after the close will be important for the semis, QQQ and XLC. Potential post earnings runners FFIV, GLW, VFC, F, DHI, CROX

Expected moves SPY(583.3-577.8) QQQ (499-491.8) IWM (224-220.8) SPX (5853-5793)

Stocks to watch ETHE, PDD, CDNS, PDD, AMD,  F, DHI, CROX,  Speculative DJT, CLSK, IREN

Pre-800ET
Indices ETHE, IBIT, KWEB, SLV, FXI, GDX, UNG, XLY, TLT, XLU, XLF, IWM, SPY

S&P500 FFIV, ZBRA, GLW, CDNS, LDOS, SNPS, WELL, FCX, PFE, NEM, PSX, AMD, DHI, F, LEN, KDP, PHM, SWK, NEE, BLDR, RCL, MCD, PYPL, FTNT, BA, HD, GM

NASI CDNS, SNPS, PDD, MRNA, AMD, CSGP, GOOGL, FANG, MRVL, KDP, PYPL, FTNT, ZS, AZN, TTD, PANW, AAPL, NVDA, SMCI, SBUX,
Other DJT, VFC, BEKE, MSTR, IREN, CLSK, HSBC, FUTU, HUT, TMDX, CVI, XRX, HLIT, AMKR, CROX, DHI, DQ, CHKP, JKS, TOL, PHM, NVS
 

 

Trade Idea: DAPP

DAPP is an ETF that holds companies like MSTR COIN SQ CORZ i.e. a basket of bitcoin related names. Obviously very stretched but has broken out on the daily. Would prefer a pullback 14-13.5 but if one wants to trade a basket of bitcoin related stocks its a vehicle for doing so without single stock risk. As bitcoin rises there is a risk that some of the smaller names will do secondary issuances. Bitcoin is rising IMO on the notion that Trump is supportive and high US debt will ultimately weigh on the dollar or a strong US$ can weigh on foreign currencies or sovereigns can use it as an alternative to the US$. Risky and extended for worth watching.