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Date: Dec 26, 2023 

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

**govt – government 

Color Key: Positive – Neutral – Negative

Global Markets: USA, Europe, Japan, China, Hong Kong Asia – Neutral equity global set-up

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

·         Yields: 30Y Bond +.2% Currencies:  USA +.04%

·         News: USA:  House price index 9ET Japan: Core 2.7% y/y vs 3%

·          Stocks: AZN +.3% BMY +0.8% buying small biotechs which juices XBI and ARKG; China EV registrations boosting LI, NIO, TSLA, XPEV; SSYS +10% unsolicited buyout; INTC +2% Israel financial support; HOLI improved buyout offer
Overview: USA SPY 474.1 with support at 470 and 465, and resistance at 476 and 475, SPY expected move +/- 2.34.  QQQ 409.4 with resistance at 410 and 411, and support at 405, QQQ expected move 2.65.  USA markets are one of the few open hence liquidity is low so take care.  USA equities are up as Santa Claus rally begins led by small caps and spec tech.  Long yields are lower as is the USD which is a mild positive.  Today’s daily expected move levels: SPY (476-471.3), QQQ (411-405.7), IWM (403.6-199.3), and SPX(4778-4731). 

Stocks to watch TSLA, INTC, MU, BMY, XBI, ZIM

Spec Names HIVE, MARA, CLSK  

Pre-800ET
Earnings   

Indices XBI, GDX, USO, KWEB, EWZ, FEZ, GLD, SOXX, ARKK, IWM, JETS, /BTC

S&P500 INTC, ALB, MRNA, CTRA

IWM CLSK, MSTR
Movers ARM, LI, HOLI, MANU, BTDR, INTC, GPS, XPEV, NTES, BILI, ALB, MRNA, EDU, CVNA, UPST, ZIM, DRS, CLSK, CTRA, MSTR, FRO

Trade Idea: BMY

BMY is a longer term idea.  Two very recent acquisitions have not hurt the stock price indicating that the market is happy with buying growth.  Gap above may be filled if price > 53.  Candidate for 2024 once tax loss selling is completed. 4.6% dividend.