.

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 – Positive global set-up

·       Commodities:  Gold, Silver, Oil, natgas, AGGS, Industrial Metals, Bitcoin

·       Yields: 30Y Bond -.34%  Currencies:  USA$  +.55% YEN -.8% BTC/USD +.38%  Vix: 15.3

·       News:  USA:Bond market closed 

·       Stocks: MNDY -12.8% EPS CI not merging with HUM; USA ordered TSM to stop supplying advanced ships to Chinese customers – Taiwan blocks TSM from producing 2nm chips abroad i.e. USA. IMO not a positive for TSM revenue.
Overview: SPY 599.8 support  595 590 and resistance 600 601 SPY expected move +/- 2.8 QQQ 515.9 with support 510 509.3 resistance 515 517.5 expected move +/- 4.8. SPX is positive gamma with a very large position at 6000 which can act as support and a developing position at 6050 which can act as support. The Trump trade bubble continues to expand with TSLA, PLTR, bitcoin names, small caps, financials continuing. Tech is rotating into software names from semi (except NVDA). MAG7 are deviating with AMZN GOOGL moving higher but AAPL MSFT falling behind. Macro set-up is not traditionally supportive with US$ higher and yields continuing higher. Normally this would be negative for small caps and tech; however flows are dominating with short term options burning the fur of the bears and forcing call sellers to cover. Today with bond market closed and veteran’s day, volume will likely be lighter and markets easier to manipulate. Soros famously said when he sees a bubble he rushes to buy, which is what traders are doing. No idea when the bubble will peak or the catalyst for a peak. CPI/PPI this week will impact the Dec rate cut expectation but that is Wed. Typically indices are well supported into Wed of an Opex week and volatility will then increase into Fri and the following week. With a short term call driven bubble move, Opex is potentially a significant event to pay attention to

·       Expected moves SPY (600.99-595.4) QQQ (518.9-509.3) IWM (240.9-235.3) SPX (6023.5-5967.5)

Stocks to watch TSLA, NVDA, PLTR, COIN, VST, CCL, PYPL, CSCO,    AAPL Speculative DJT, SMCI

Pre-800ET
Indices UNG, ETHE, IBIT, ARKK, KRE, XLY, IWM, KWEB, US%, XBI, XLF, U, SO, GDX, GLD, MSOS, SLV, TLT, SMH

S&P500 CI, TSLA, PLTR, ALB, VST, NCLH, GEV, CCL, CFG, NCLH, DELL, PYPL, ETN, RCL, CRM, MS, MPWR, HUM, SMCI, NEM, FCX, INCY, PNW, MU, INTC, AAPL

NASI TSLA, PYPL, CSCO, AMZN, ON, CRWD, CEG, WBD, ISRG, ILMN, GOOGL, ABNB, TTD, PANW, SMCI, ARM, INTC, MU, MRNA, AAPL, FANG, QCOM



 

Trade Idea: TSLA

TSLA is in a major gamma squeeze where call buyers force the stock higher. Large call positions at 320 340 350 … 400. With price > 340 the likely next move is to 350 and if above 350 can squeeze higher quickly. Premarket high 346.4 can be used for a momentum long or pullback > 340. There is a large gap below 340 so potential for a drawdown to 320 should 340 not hold.