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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  equity global set-up

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

·       Yields: 30Y Bond +.05% Currencies:  USA  +.02%

·       News: USA: Mester FOMC 12ET       EUR: Retail sales -1.1% m/m China: More stimulus
Stocks:   TM+3.5% LLY+3.5% VRTX+1.4% BP+5.5% SPOT +7.8% PLTR +17% DD +1.8% GEHC +3.3% NXPI +3%  FN-13% FMC -13% SYM -16.6% eps TSLA -2.3% UBS -4.4%
Overview: USA SPY 493 displays support at 491.4 and 490 with resistance of 495 and 497.5. I expect the SPY to move +/- 2.2 QQQ 429 with resistance of 430 and 433 with support of 428 and 425; I expected it to move 4.5. USA indices pulled back overnight and are currently bouncing premarket. MAG7 mixed with NVDA and META are leading with TSLA lagging. NVDA is in a gamma squeeze with call buyers driving the price higher. Feeding frenzy in AI related names like SMCI. The China stimulus chatter is lifting China names and commodities and the jury is out as to whether it can continue for more than a day.  I will be payung attention to the daily expected moves. Today’s daily expected move levels in my opinion are: SPY (497.5-491.4)  QQQ (432.6-425.5), IWM (196.7-192.1) SPX(4989.8-4927). 

Stocks to watch NVDA META LLY  GEHC   TSLA AMZN FMC  Spec Names SMCI SPOT PLTR

Pre-800ET
Earnings   TM_ LLY VRTX BP SPOT PLTR DD FN FMC SYM UBS

Indices KWEB EEM LIT /btc USO GDX XLV EWZ XLE GLD VXX XLY XBI IWM XLF JETS 

S&P500 LLY GEHC NXPI DD CNC UPS LIN VRTX CSCO J AMGN FMC TSLA FE BALL AMD RTX CMI
Movers PLTR COHR LI AGCO SPOT PINC FUTU BP JD YY MNSO NTES LLY GEHC VRNS  SYM FMC CCK AKRO RMBS VKTX UBS AMKR HESM DOCU

Trade Idea: PLTR

Follow-up from Monday. PLTR premarket 20.27. Large call positions above 20 which can lead to a gamma squeeze. Nov 2023 high 21.85 is a potential target. Pullbacks > 19 can be potential dip buys.