.

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 – Slight Positive  global set-up

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

·         Yields: 30Y Bond -.08%  Currencies:  USA$ +.5%, CAD -.33%, YEN-.34%,  BTC/USD -1.3%,  Vix: 14.8

·         News:  USA: ISM mfg 10ET EUR:MFG PMI 45.2 as expected which is weak China: Caixin mfg PMI 51.5 better than expected

·         Stocks:   MNSO+15%, OKTA +4%, TSLA +2%, Upgraded AMZN +1% Black Friday sales online sales +14.6% INTC+3.9% with CEO stepping down
Overview: SPY 602.4  support 600  and resistance 604.6 605  SPY expected move +/- 2.0 QQQ 510.4 with support 510 507.5   resistance 512.3 expected move +/- 2.6. USA indices have been rising in the NY premarket after slipping Sunday evening.but are generally flat. US$ is up sharply and long yields slightly higher which is not usually positive for markets. First day of the month is usually positive and with indices positive gamma expecting dips to be bought assuming SPX remains above 6000. Black Friday sales were +3.4% y-y which is not amazing since not inflation adjusted but online sales were +14.6% which bodes well for AMZN, SHOP. MAG7 are led by TSLA (upgrade), AMZN and META. NVDA is lower ahead of yet another set of rules for export of semiconductor products to China. Potential for a new set of guidelines this afternoon which can move markets. INTC CEO stepped down which is lifting the stock and a search is underway for a replacement. Stocks reporting this week may get the usual bid into the print with MRVL, CRM two names to watch. Speculative names to watch are SMR, HIMS, RKLB, BTDR. Bitcoin is down slightly but ETHE is bid. MARA is down on a debt offering but MSTR is higher despite a large share offering. MSTR is a case where investors are happy to buy dilution. ISM dmfg ata at 10ET may be market moving but market is currently disregarding mfg data during this bull phase driven by flows.

·         Expected moves SPY(604.6-600.5), QQQ (512.3-507.1), IWM (243.7-240.1), SPX (6052.4-6012.4)

Stocks to watch AMZN SHOP TSLA MNSO INTC   MSFT AAPL  Speculative SMR HIMS RKLB NVCR  MARA

Pre-800ET
Indices ARKK MSOS USD$ KWEB USO ETHE XLY SMH IWM UNG IBIT GDX TLT GLD SLV 

S&P500 INTC TSLA AMD TPR  PCG GM

ALL NVCR MNSO SMR HIMS XPEV OKTA GAP INTC BTDR AAOI MRVL SQ AFRM INOD CLSK TSM TSLA RKLB OKTA AI PCG HUT LI FRO NU S IREN MU

Trade Idea: NVDA

NVDA is in play with WH releasing yet another set of export restrictions for high end semiconductor products. Should be released this afternoon. NVDA should move given a large portion of revenue from China. Key level is 140 for a long breakout with target 145. 135 is a key level to downside which should be support on dips and a break below could lead to additional selling.