.

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 – positive global set-up

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

·         Yields: 30Y Bond -0.3%  Currencies:  USA$ -0.35%, CAD +0.28%, YEN+.2%,  BTC/USD +1.15%,  Vix: 19.2

·         Stocks:BRK/B -0.6%, W+14%, TSN+3%, IDXX+8.3%,  EPS
Events: USA:  CDN: market closed UK: market closed
Equity:  Global indices higher premarket with SPY and QQQ nearing the top of the daily expected move. IV rose Friday with SPX 6200-6150 strike puts bought after the NFP negative jobs revisions. If SPX > 6260 target 6300 and below 6260 potential for 6200. Elevated IV is the catalyst for the premarket bounce and can lead to continuation but would monitor at the upper daily expected move for rejection or continuation. MAG7are led by TSLA and AMZN with all positive. Pavlovian buying ahead of earnings reports is active with AMD, PLTR, HIMS, SMCI names to watch. JOBY is higher premarket with story that may be buying BLDE. Rare earth metals names USAR MP are higher on concerns of lower China exports. W higher on earnings should lift other furniture retailers. TSN and IDXX are positive earnings movers. General premarket risk-on with bitcoin, ARK etfs outperforming which is indicative that retail buyers are still in buy the dip mode after taking losses Fri. In today’s trading need to be prepared for continuation or a resumption in selling with ARKK close to the top of the daily expected move premarket. US$ pulling back after a pop last week is positive for metals and equities in general and important to watch today.

SPY 625.1  Resistance 626 630 Support 620;  QQQ 558  Resistance 560 562 565   Support 557 555
Daily Expected Move. SPX(6282-6194); SPY(626-617); QQQ(560-547);  IWM(218-212)

Stocks to watch  TSLA, AMZN, PLTR, SMCI, USO, Speculative USAR, JOBY, FIG  
Pre-800ET
Indices KWEB, ARKX, ETHE, ARKK, ARKQ, ARKF, IBIT, USO, UNG, $USD,

S&P500  SMCI, TSLA, PLTR, AMD, COIN, MRNA, CCL, MU, AMZN, AVGO, INTC, META   

Other SCS, W, USAR, JOBY, SBET, SPOT, HMY, AEO, QBTS, SMR, PONY, RGTI, XPEV, SMCI, YMM
WallStBets FIG, UNH, AMZN, RDDT, WEN, NVO, UNH, PLTR, BULL, AMD, NVDA, AMZN, LION, AAPL, FUBO, TMC

TMC

TMC is a very speculative company that is mining metals from poly metric nodules. It’s moving premarket with a release of reserves.  Potential squeeze name with call positions at 6 and 7. Pullbacks > 6 may be buyable and call wall at 7 may lead to a squeeze higher to 8. Very speculative so caveat emptor with this name. Rare earth names MP USAR are also moving today and though risky are less so than TMC.