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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 – slight positive global set-up

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

·         Yields: 30Y Bond +.30%  Currencies:  USA$ +0.07% CAD -.24% YEN-.22%  BTC/USD +2.6%  Vix: 16.15

·         News:  USA: Building permits 830ET; Industrial Prod 9:15ET China: GDP q/y 5.4% vs 4.6% prior; Industrial prod y/y 6.2% 

·         Stocks:  SLB+2.3%, FAST -4.6% EPS  Hotnames: SYM+22% WMT deal QUBT+11% quantum euphoria

·         Overview: SPY 594.3  support 592 590 588  and resistance 595 597.5  SPY expected move +/- 4.1: QQQ 516.4 with support 515 510 resistance 518 520 expected move +/- 5.2. USA indices have bounced since Thurs weak close and are rising in the NY premarket ahead of a large Opex with a large percentage of single stocks options expiring. SPY  reaching the top of the daily expected move and Thurs high so potential for rejection or breakout today. MAG7 are generally higher lead by NVDA but AAPL worth watching after the Thurs drop. Bitcoin strong move higher indicating risk-on, at least premarket. Take care in the afternoon as hedges are adjusted into Opex. Long yields falling (TLT rising) is positive for small caps and equity generally. Holiday Monday can lead to volatility dropping Friday which can be positive for equities. 

·        
Expected moves SPY(595.7-587.5), QQQ (518.3-507.9), IWM (227-222), SPX (5978-5896)

Stocks to watch NVDA AAPL TLT  FAST GLD Speculative   RGTI IONQ QUBT
Pre-800ET
Indices IBIT ETHE ARKK SMH TLT XLK KWEB QQQ XBI IGV SPY UNG SLV GLD

S&P500 SLB AVGO SMCI PLTR  VST FAST
Other JD MARA CLSK STLA HOOD COIN RIO SLB AAL SMR SOUN AVGO VST FAST RGTI IONQ QUBT ZM FLNC HIMS

Trade Idea: AAPL

AAPL large drop Thurs on concerns of AAPL losing market share in China. AAPL is at the bottom of the weekly expected move and at the key 230 level where can flip from put heavy to call heavy.  Can consider AAPL long over 230 to playa bounce as puts close today. Should S&P continue to bounce AAPL can benefit. Stock is clearly being distributed so bounces are counter trade and not long term.