.

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 – slight negative global set-up

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

·       Yields: 30Y Bond +.06% Currencies: USA$-0.12%, CAD -0.06%, YEN+0.48%, BTC/USD-.87% Vix: 19

·       Stocks: DLO+22%, WMT+.38%, DE+.61%, BABA-5.3%, CRWV-0.7%   EPS DKS-10.8%  buying FL+83%
News: USA: PPI, Retail sales 830ET, Empire State mfg, Philly Fed 830ET; Powell 845ET; Trump comments on peace discussions with Iran are weighing on oil prices; Trump spoke to AAPL about not moving production to India and instead move to USA
Overview: USA indices lower ahead of data with USA economic data to be reported and Powell to speak premarket. Nasi underperforming with weakness in MAG7 and general weakness in speculative tech following the surge on the Saudi agreements. WMT flat after EPS with no guidance due to macro uncertainty but did say that prices would likely increase to protect margins = inflation. BABA EPS miss weighing on the China stocks. MAG7 all negative with TSLA leading to downside and AAPL lower on Trump comments to not move production to India which follows a major investment to move from China to India. UNH continues to fall with a WSJ article that DOJ is investigating Medicare fraud. DE higher on beating reduced estimates but lowered guidance. Oil lower on USA Iran discussions regarding nuclear development. Bitcoin pulling back as market is acting slightly risk-off which is negative for the usual suspects MSTR MARA etc. *** PPI-0.4% Core retail sales 0.1% vs 0.3% Empire State -9.2  Philly Fed -4 UE claims 229k unchanged:) Sums to lower inflation, lower consumer spending with no change in employment (if you trust data that is identical w-w)***  Fri is Opex with a high percentage of calls expiring with implication that if the calls are not rolled, market makers whom are long stock to hedge calls will be sellers. Risk of weakness and higher volatility into end of next week, especially spec tech names. QYLD rolls today and may provide a mechanical lift to QQQ intraday which is often reversed on Fri.

Simple bull bear levels: SPY 585, QQQ 515, IWM 206 

·       SPY 585.5 Resistance 587 590 Support 583 580, QQQ 515.7 Resistance 517 520 524, Support 515 513 510
Daily Expected Move. SPX(5939-5846) SPY(592-583) QQQ(524-513) IWM(209-205)

Stocks to watch CSCO, CRWV, FL, TLT, WMT, BABA, NVDA, AAPL, META, DKS Speculative DLO
Pre-800ET
Indices XRT, XLP, EFA, TLT,  USO, ETHE, KWEB, FXI, XLF, XLE, ARKK, IBIT, SMH, UNG, XLK, QQQ

S&P500 CSCO, BA, UNH, SMCI, AVGO, OXY, META, ANET, INTC, PLTR, AAPL, MU, AMZN, MMM 

Other FL, DLO, AZN, DKS, BABA, FUTU, NBIS, SMR, ACHR, OKLO, RGTI, PDD, JD, BEKE, SOUN, MARA, COIN, RDDT, APP, MSTR

Trade Idea: CRWV

CRWV is a recent IPO company in the AI data center space with NVDA an investor and a supplier. CRWV was lower on an earnings miss however it’s AI baby and retail love it. Bouncing premarket with 70 a large call position which sets first target and above 70 potential for a gamma squeeze (mechanical) to 75 or 80. Pullback must hold level is 65. Pure utter speculative name to trade AI euphoria so take extreme care. NVDA will potentially trade in tandem.

who may sell into pops. This idea is predicated on a call squeeze ahead of NVDA earnings May 28