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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 – Mild Positive  equity global set-up

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

·         Yields: 30Y Bond +.7% Currencies:  USA  -.08%

·         News: USA:Conf Board Leading Index 10ET  China : Rates unchanged
Stocks:   WDC +3% MS top pick EPS this week PYPL +3% Fri idea of day  INTC +1.9% EPS this week BA -1% FAA ADM -15%  Accounting probe CFO on leave

·         Overview: USA SPY 484.4  support 480  and resistance 485.  SPY expected move +/- 2.4  QQQ 424.7 with resistance  425 and support  420 ; expected move 3.5. USA indices are close to top of daily expected move and technically stretched to upside. Long yields are lower and US$ flat which is supportive to tech stocks which continue to push higher. Premarket MAG7 and spec tech are leading. China is down on failure to cut rates which is weighing on commodities and in theory not great for global economy but irrelevant for profitless tech and AI. USA indices are in the window of less support where options positioning provides less support and resistance so larger moves are possible. Minimal economic data today so market is in the hand of 0DTE options.  Today’s daily expected move levels: SPY (484.8-482.4),  QQQ (424.6-417.7), IWM (194.4-190.4), SPX(4864-4815.5). 

Stocks to watch: WDC, PYPL, INTC, TSLA, META,  BA,  Spec Names: SMCI, PLTR

Pre-800ET
Earnings:   BOH 

Indices: SOXX, ARKK, SMH,KRE, TLT, XLK, QQQ, IWM, XBI, HACK, faangmt, KWEB, LIT, /btc, VXX, EEM, GDX, EWZ, USO 

S&P500:  WDC, PYPL, INTC, MU, AAL, ON, PANW, QCOM, AMAT, META, ENPH, NVDA, ADM, BA
Movers: ARM, NS, S, SMCI, FSLY, SEDG, PYPL, AFRM, UPST, ZS, SHLS, CELH, PATH, AI, U, STNE, PLTR, ADM, CORT, BEKE, LI, JD, BIDU, PDD, RIO, MATA, RIOT, BA

Trade Idea: PYPL

PYPL has been attracting unusual option activity along with many tech related names. Earnings Feb 7 with call wall at 65 which can act as resistance or acceleration above.  Stock is very extended with premarket high 68.5 which can be used for a momentum long or a pullback >= 65. Upside targets 70, 72, 75. Weekly expected move +/-4