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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 global set-up

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

·       Yields: 30Y Bond -.47% Currencies: USA$ -.16% CAD +.24% YEN+.03%  BTC/USD+.8% Vix: 16.15

·       News:  USA: wholesale inventories 830ET JP: CPY y/y 2.4% vs 2.2%; retail sales y/y 2.8% vs 1.5% Germany: Election called

·       Stocks: RGTI+11.7% QUBT+7.5% IONQ-1% squeeze in quantum computing stocks continues RCAT+3.4% drones

·       Overview: SPY599.1 support 598.4 598 595 and resistance 600 602 SPY expected move +/- 2.9 QQQ 527.5 with support 525 resistance 530 533 533.4 535 expected move +/- 3.8. USA equity indices have been declining since Thurs afternoon with higher yields potentially weighing on US equity. MAG7 are all in the red with TSLA leading to the downside. SPX is supported by large 6055 short call position which should lead to dips being bought with SPX 6000 a level to watch today. SPY and QQQ are at the top of the weekly expected move and digesting the low Dec24 surge. The big movers have been in the speculative tech sector with space and quantum computing the hot areas. Premarket the quantum names are moving, Thurs it was space. Wallstbets sentiment leaders: TSLA KULR LUNR NVDA QS RKLB AAPL RGTI RCAT – the smaller ones are extremely manipulated and can make large intraday moves.

Expected moves SPY(604.2-598.4) QQQ (533.4-525.8) IWM (227.7-223.7) SPX (6066.6-6008.6)

Stocks to watch TSLA, HMC, NVDA, IBIT, MSTR Speculative ACHR, LUNR, MARA

Pre-800ET
Indices UNG, ETHE, USO, IBIT, KWEB, SLV, FXI, TLT, SPY, IWM, QQQ, GDX, XLF, IGV, SMH

S&P500 SMCI

ALL KC, RGTI, QUBT, AMED, TEM, RCAT, RUM, BTDR, LI, NVO, PBR, XPEV, JD, SOUN, GME, BABA, IONQ

 

Trade Idea: RCAT

RCAT is company that supplies data services to the drone industry. Speculative stocks are hot as are ones with high short interest (11.8%). Call heavy name with large strike at 15 14 and upside calls at 17 and 19. $14.13 premarket, can consider long > 14 with target 15. This type of stock can do well as long as the casino for speculative stocks is open. Right now the casino is open for quantum computing, space, new battery tech but unknown how long it will last so take care.