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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 – neutral global set-up

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

·       Yields: 30Y Bond +0.7% Currencies: USA$+0.4%, CAD -0.18%, YEN-0.25%, BTC/USD+0.9% Vix: 19.7

·       Stocks: NIO-2.8%, OLLI-1.5%, DG+10%, FERG+12%, SIG+17.5% EPS  CEG+10% signed a 20y contract with META
 News: USA: JOLTS data 10et ET China: Mfg data < 50 and weaker than expected

·       Overview: USA indices pulled back overnight and now rising in NY premarket, similar to Monday. JOLTs data at 10ET can potentially be market moving. US$ and 30y bonds have bounced premarket which is weighing on Gold and Silver which had very strong bounces Monday which took Silver above the weekly expected move. Call buyers are setting up for a Silver breakout with caveat that last time it failed. CEG deal with META is boosting the nuclear names premarket (NUKZ etf, NNE, SMR, OKLO, CCJ, VST). Some buying in the other retail hot sectors of Quantum and Bitcoin.  DG in the dollar store space is higher on an earnings beat despite tariff concerns and are raising prices to cope. Watch DLTR FIVE.  SIG is higher post earnings and a high short interest name which can squeeze or crumble. Oil higher as shorts get squeezed and media talk about Russia-Ukraine for the nth time. MAG7 are subdued with NVDA and TSLA as usual bid up slightly bit GOOGL is down significantly with concerns that AAPL may use Perplexity vs GOOGL. IWM is the leading USA index as benefits if yields fall and combined with strength in speculative tech is a setup for a squeeze in profitless/high valuation names. Market is trading on every tweet so need to be expecting high intraday volatility. Keep your head on a swivel

Simple bull bear levels: SPY 590, QQQ 520, IWM 205

·       SPY 592 Resistance 595 597 Support 590 589 587,  QQQ 523  Resistance 525 527 Support 520 519 518
Daily Expected Move. SPX(5976-5895), SPY(597-589), QQQ(527-519), IWM(208-204

Stocks to watch NVDA, TSLA, DG, DLTR, CEG, VST, GOOGL, GDX Speculative SIG, CRDO, HOOD
Pre-800ET
Indices ETHE, XLU, FXI, IBIT, TLT, UUP, USO, KWEB, ARKK, GDX, SLV, FEZ, EFA, GLD, XLF

S&P500 DG, CEG, VST 

Other SIG, CRDO, DG, CEG, BNTX, APLD, HIM, NNE, OKLO, SMR, INOD, PINS, CCJ, OSCR, QUBT, HOOD, HMY, RIG, PONY 

Trade Idea: GOOGL

GOOGL is a lagging MAG7 with concerns about ongoing USA govt trials and AAPL moving to perplexity. 165 is a large option position level and can be used as a bull/bear level with target 175 above and 160 below.