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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 – Neural – Negative

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

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

·       Yields: 30Y Bond -0.3%  Currencies:  USA$  -.05% YEN -.27% BTC/USD +1.4%  Vix: 19.1

·       News:  Oil: Israel symbolic Iran attack, energy, and geopolitical concern reduce. Oil lower  JP: Ruling coalition lost majority, Yen lower on uncertainty. Positive for Japan carry trade i.e. buy large cap tech USA: Trump betting probability 66% boosting equity and weighing on bonds

·       Stocks: PHG-17% Cut guidance based on China weakness. ON 0% provided guidance which spans expectations NCHL CCL UAL higher with lower oil prices. CLSK MSTR MARA COIN higher with bitcoin higher (Trump trade)  DJT+7% Trump stock, high short interest, moves with sentiment AMZN GOOGL META AMD COIN names reporting earnings this week are moving higher ahead of report

·       Overview: SPY 581.5 support 580 575 and resistance 583.3 585 SPY expected move +/- 4.3 QQQ 498.1  with support 495 490 resistance 500 expected move +/- 4.7. Global markets are higher with a gap up on the start of futures trading which may be due to lower geopolitical tension or the weak close Friday or Trump gaining in the polls. The QQQ is leading with MAG7 stocks higher and in general stocks reporting this week being bought. With no USA data being reported, the 0DTE call buyers are in control and are expected to continue to keep SPX range bound between 5800-5800.   Lower oil prices are boosting the travel and leisure stocks with NCLH reporting this week. Semis are bid premarket with AMD reporting this week. NVDA may retake the mantle of the name that hedge funds blast with calls if they are tired of manipulating TSLA and forcing the shorts to cover. Bitcoin related names are strong but extended, potentially due to the Trump trade. The premarket pop in indices is the typical short cover with no issues over the weekend, does not mean that it will continue all day so keep your head on a swivel.

Expected moves SPY (583.3-574.7) QQQ (500-490.7) IWM (220.7-217) SPX (5851-5765)


Stocks to watch IBIT, CCL, AMD, GOOGL, META, PHG, OXY, TSM   Speculative DJT, CLSK
Pre-800ET
Indices IBIT, ETHE, KWEB, ARKK, XLC, XLK, QQQ, SMH, FXI, KRE, IWM, USO, UNG, XLE, GDX, SLV, TLT

S&P500 NCLH, CCL, UAL, DAL, GOOGL, ON, AMD, LUV, META, PLTR, NVDA, APA, DVN, HAL, SLB, OXY, COP, CVX, MRO

NASI GOOGL, ON, MRVL, AMD, META, ARM, NVDA
Other DJT, TAL, BILI, CLSK, XPEV, COIN, CCL, MSTR, AAL, MARA, OKLO, SMR, IONQ, GOOGL, AMD, SOFI, PLTR, PHG, OXY, TSM,PBR
 

 

Trade Idea: GOOGL

GOOGL is leading MAG7 premarket and reporting earnings this week. Premarket 169 and technically extended. Large call position at 170 can act as resistance or a breakout catalyst. GOOGL has been a laggard due to FTC investigation, hence shorts active that may be covering ahead of earnings. One can look for pullback > 167 for a long trade with 170 target or trade breakout and retest of 170. GOOGL is attractive on valuation but has a major FTC overhang.