.

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 set-up

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

·         Yields: 30Y Bond +0.59%  Currencies:  USA$ -0.2% CAD +0.09% YEN+0.32%  BTC/USD+0.54%  Vix: 17.8

·         Stocks: APLD+24.9% ESTC+8.3%  LEVI-5.9% EPS
Events: USA: Consumer sentiment 10ET Japan: Political uncertainty continuing to cause equity and currency volatility
Equity: USA indices neutral premarket ahead of 10ET consumer sentiment which may lead to a market reaction. Macro factors: oil lower, US$ weaker and long yields lower with latter usually positive for equity and precious metals. Gold and silver rebounding as the US$ falls. MAGS are led by NVDA and TSLA with remainder neutral.  APLD and ESTC positive earnings reaction supportive to datacenter and analytics space. APLD move is 2x expected and worth watching for how it trades in RTH. Bitcoin higher is sparking a bid to the miners   (WULF, IREN, CIFR). Quantum names are also bid in the spec bucket. VG -24% after losing a legal case to BP. SPX is well supported in range 6700-6785 so may chop within the range. SPX 6760 is the largest 0DTE level and can be used as a pivot.
SPY 672 Resistance 672 675 Support 671 670 668   QQQ 611.6  Resistance 613.3 615  Support 610 609 607
Daily Expected Move. SPX(6770-6700)  SPY(675-668) QQQ(615-606)  IWM(247-243)

Stocks to watch NVDA, TSLA, ESTC, LEVI  Speculative APLD, CRML, WULF, USAR, CLSK, IREN, AG,  VG, SERV
Pre-800ET
Indices SLV, XME, ARKG, TLT, GDX, IBIT, ARKK, IWM, XBI, XLV, SMH, UNG, KWEB, OIL, EFA, US$

S&P500 INTC, QCOM

Other APLD, CCCX, CRML, WULF, USAR, CLSK, IREN, AG, CIFR, MP, QUBT, SMR, QBTS, RGTI, INTC, PATH, VG, SERV, SBLK, BABA

BABA

China stocks are taking a breather after a sharp rise. BABA 170 is a key support level and below the next major level is 160. Price is in a volume gap area. Potential fade on failed bounces below 170 or continuation lower. Alternate scenario is a bounce that can close > 174. BIDU has a similar look which indicates China tech weakness.