.

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 +.14%  Currencies:  USA$ -0.3% CAD +.13% YEN+.0% BTC/USD +2.5% Vix: 18.4

·       News: USA: PPI 830ET; Williams FOMC 15:05 ET China: New loans 990B vs 890B expected

·       Stocks: KBH +11.8% EPS Upgrades: NTR, MOS, CF, CAT, CHWY, ELF, GPOR, OVV, RRC, KTOS, COF Downgrades: PINS, STZ
Overview: SPY 584.2 support 582, 580, 576.6 and resistance 585, 5862  SPY expected move +/- 4.8 QQQ 508.2 with support 505 500 resistance 510 511 512 expected move +/- 5.4. USA indices rose in Asian session, fell in European and rising in NY post the PPI print which was 0.2% m/m vs 0.4% expected. SPY popped right to the top of the daily expected move and then retraced below 585 which is a bull pivot level to watch today. SPX remains in negative gamma, which leads to large moves in either direction. IV is elevated into the CPI print Wed and the start of bank earnings with potential for larger than expected moves premarket Wed. IV may rise in the afternoon if hedges are added. MAG7 generally higher led by NVDA and TSLA with META lagging awaiting Tiktok ruling. China stocks are strong after 2 weak down days and a slight increase in new loans. Bitcoin is continuing to bounce and lifting miners and the MSTR.  IWM is leading index premarket as expected since it has been the weakest.  Speculative tech / AI is leading premarket in what may be dead cat bounce but day trade opportunity at least until CPI is printed Wed. Oil and natgas, which have been rampaging are having a rest but there are analyst upgrades to natgas producers. Also upgrades to fertilizers after strong moves in the agg space Mon

·      
Expected moves SPY (586.2-576.6) QQQ (511-500.2) IWM (220.3-214.3) SPX (5883.8-5788.6)

Stocks to watch TSLA, NVDA, PLTR, PDD, META Speculative  NBIS

Pre-800ET
Indices KWEB, ETHE, IBIT, FXI, ARKK, SMH, GDX, IWM, KRE, UNG, MSOS, USO, TLT 

S&P500 URI, CE, MDT, CMG, PLTR, VST, GEV, MU, TSLA, NVDA, SMCI, FTNT, ADM
Other XPEV, BTDR, FUTU, JD, BILI, IREN, PDD, LUNR, CLSK, MARA, SOUN, RIOT, SMR, COIN, OKLO, RKLB, MSTR, BABA, SIG, DJT, SNAP, NBIS, BP, IONQ, META

Trade Idea: NBIS

NBIS is a Dutch based AI company that provides AI infrastructure and clusters.  Large call positions at 35 and 40 so potential for a squeeze above 35. Stock is short term extended and one could look for a pullback > 33 or momentum traders could look for a move > 36.54 overnight high.  Note: Very risky name so large moves in either direction are possible. Earnings Feb 19