.

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 – Neural – 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 +.36%  Currencies:  USA$  -.04% YEN +.05% BTC/USD +1.18%  Vix: 19.2

·       News:  USA:  quiet Japan: Machine orders m/m -1.9% vs 0.1% UK: CPI 1.7% y/y vs 1.9% Canada: Housing starts 224k vs 235k

·       Stocks: JBHT+7%, UAL+1%, MS+3%, SYF+3.7%, ASML-4%, ABT-.2%, CFG-1% EPS  ASML released earnings early and a 50% reduction in bookings and a 2025 guidance cut led to a drop in semiconductors broadly. MRVL delayed INTC acquisition decision until post-election.
Overview: SPY 579.9 support 578.3 576.8 and resistance 580 582.8 SPY expected move +/- 3 QQQ 490.9 with support 490 487 485 resistance 492.2 494.7 expected move +/- 3.9. Global indices are mixed with Europe weak, China strong and USA divergent with large caps flat and small caps strong. Outperformance of small caps may be rotation or signs of hedge fund delveraging (sell longs and buy shorts). Bitcoin continues to squeeze higher in spite of a strong US$. Majority of financials are higher post earnings. Long yields are continuing to fall as oil falls which is positive for overall liquidity and positive for rate sensitive sectors and for regional banks which have large holdings of long bonds. Vix expiration 930ET may lead to an increase in volatility and potential weakness. SPX 5800 is a level to watch and 5785 a risk-off level. Semis are on watch today after Tues drop with TSM earnings before the open Thurs. ASML weakness should be negative for AMAT KLAC and other semi equipment companies but NVDA may march to its own drum. MAG7 generally flat with NVDA and TSLA outperforming.  NVDA is between key levels 130, 135

Expected moves SPY(582.8-576.8), QQQ(494.7-487), IWM(224.6-221.6) SPX(5845-5785)


Stocks to watch AAPL, GOOGL, SCHW, OKLO, TLT, UAL, USO, NVDA, AMD Speculative WOLF, DJT 

Pre-800ET
Indices ETHE, FXI, IBIT, FXI, KWEB, SLV, KRE, GDX, IWM, GLD, XBI, ARKK, UNG, USO

S&P500 MS, USB, CSCO, SW, INTC, WBA

NASI CSCO, ARM, MRVL,  ASML, INTC
Other ASPN, NVCR, CLSK, DJT, MARA, HMY, COIN, MSTR, USB, BEKE, MS, CSCO, IONQ, VALE, NVAX, ASML, SW, XPEV, INTC

Trade Idea: NUKZ

NUKZ is an ETF to trade power generation with a focus on nuclear and includes construction names. Not optionable but major holdings are. Two names moving premarket are OKLO (potential GOOGL data center) SMR (small nuclear reactor). VST is another strong name. Can trade the basket or the individual names.