.

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 positive global set-up

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

·         Yields: 30Y Bond -.19%  Currencies:  USA$ +.67% CAD -0.16% YEN-.58%  BTC/USD +1.5%  Vix: 17.45

·         Stocks: NKE+4% MARA+2.9% TXN+1.4% OKLO+1.9%  upgrade  CSCO-1.3% downgrade

·         Events: USA: USA Europe framework for a trade deal. Details need to be resolved and country parliaments need to pass and individual companies would need to implement provisions for buying USA products and investing in the USA.
Equity: USA indices bounced to the top of the daily expected move overnight with the announcement of the European trade discussions and the 90d extension for China talk.  Since the European open, indices are pulling back and currently in the gap. US$ is significantly higher which is usually a negative for commodities and foreign equity. No major econ data today but the week is packed with economic data, CB rate decisions and MAG7 earnings, and may see volatility rise. MAG7 is positive with TSLA AMZN NVDA with META MSFT and AMZN reporting this week. Semis are strong with AMD continuing to surge and QCOM on watch ahead of earnings. Bitcoin bounced over the weekend and lifted related names like MARA MSTR GLXY HOOD with the caveat that IBIT has already bounced to the top of the daily expected move.  HOOD and MSTR are reporting this week which can lead to buying ahead of the report. Speculative names are bid premarket which suggests potential for a risk-on day should it continue. SPX 0DTE supports 6400 with < 6390 a bear level and 6460 resistance.
 

·         Simple bull bear levels: SPY 637 QQQ 567 IWM 225

·         SPY 638  Resistance 640 641 Support 637 635  QQQ 568  Resistance 570    Support 567 566 565 563
Daily Expected Move. SPX(6416-6361)  SPY(640-634) QQQ(569-563)  IWM(226-222)

Stocks to watch TSLA AMD AMZN NKE  CSCO    Speculative PONY SBET MARA UUUU  
Pre-800ET
Indices ETHE IBIT USO ARKK ARKX ARKQ ARKG SMH UUP $USD GDX EFA UNG TLT KWEB

S&P500  NKE TSLA SMCI PLTR AMD  CSCO

Other PONY WRD SBET ASML GLXY UUUU MARA LUNR RGTI ACHR CLSK JOBY  OKLO MRVL   QS STLA RIO NVO TSM
WallstBets HOOD PLTR BULL NVDA UNH TSLA MSTR GOOGL RKT SMCI UUUU

AMZN

AMZN reports earnings Thur after the close and leading MAG7 names that are reporting this week. Expected move for the week is +/-11.9 with largest call open interest 240. Can consider long above 232.5 with target 235 or pullback to VWAP for a potential run into earnings.