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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 – 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 -.19% Currencies: USA$ +.02%, CAD +.09%, YEN-.44%, BTC/USD +0.06%, Vix: 17.8

·       News: USA: quiet EUR: German biz climate 85.2 vs 85.9 expected
Stocks: DPZ-4.7% OC EPS  
Overview: SPY 603 Expected move 5.8 Resistance 605 605.7 610   Support 601.3 600;  QQQ 528.7 Expected move 8.3 Resistance 530 534 535  Support 526.7 525. USA indices bounced after Fri pullback with a confluence of weak services PMI, consumer confidence and complacency occurring on Fri Opex day. No major econ data or earnings hence hedgefund 0DTE are in control. NVDA and PCE later in the week are big events that should keep volatility well bid and may put a lid on bounces. SPY 603 premarket is a tipping point where vol can decrease/increase above/below and 600 is a major downside support level. QQQ 530 is the vol tipping point. MAG7 are led by GOOGL with some positive headlines, TSLA likes Mondays:), NVDA gotta buy ahead of earnings with AAPL the only laggard on a headline they will spend $500B to build in the USA at a higher cost level:). China stocks are taking a breather after robust move last week. Bitcoin related names are higher so looks like a bounce (dead cat?) of the momentum stocks which were sold last week. Question is whether the cat is dead or alive today. SPY must stay over 603 and ideally 605 for any hope that the cat is breathing.

Expected Move SPX (6071-5955), SPY (605.7-594), QQQ (534-517.8), IWM (220.9-214.7)

Stocks to watch NVDA, GOOGL, TSLA, NKE, DPZ, BABA Speculative   WRD, NBIS
Pre-800ET
Indices ETHE, IBIT, ARKG, GDX, XLF, IWM, KRE, SMH, SPY, XME, XLE, GLD, UNG, KWEB, FXI, TLT

S&P500 NKE, ORCL, GOOGL, NVDA, MU, CCL, PLTR, MRNA, TSLA, ANET
Other WRD, SMMT, ZETA, HOOD, VKTX, APLD, RIOT, COIN, INOD, TEM, CUK, NU, VRT, MSTR, BEKE, GDS, NBIS, U, PONY, BABA, TCEHY, VNET, JD, BILI, PDD

Trade Idea: GOOGL

GOOGL is trading higher on news of a large contract with CRM and a report that AAPL incorporating GOOGL AI into the iPhone. Stock has been distributed and this maybe just a dead cat bounce. 185 is a level with large put and call positions and above can consider long. Put wall is 180, which can act as support (like Friday) but below can see potential waterfall price action. Note the Dec gap from Dec which is unfilled and a looming risk.