.

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 set-up

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

·       Yields: 30Y Bond -0.4% Currencies: USA$ -0.14%, CAD +0.17% YEN+0.08%, BTC/USD+4.35%, Vix:18.0

·       Stocks:
Events:USA: USA market buzzing on trade talk ahead of Trump XI meeting
Equity: USA indices popped on Sunday on Trump/Bessent positive tweets regarding positive discussions with China on a framework for a deal which marks the third framework this year. Only info so far is China buying soybeans and continuing to supply rare earth metals. Key detail regarding semiconductor export controls is not mentioned however, the semiconductors stocks are trading as if the export restrictions will be lifted AND the Chinese will be buyers with MU, NVDA, AVGO, AMD leading. MAG7 reporting this week are led by GOOGL, AMZN. AMZN may be a beneficiary of an improved trade agreement with China. Speculative rare earth metals companies may suffer if China continues to ship. China stocks are getting a Pavlovian bounce though companies like BABA and BIDU are not directly dependent on USA trade for revenue. Bitcoin and etherium huge bounce Sunday. In general market is having the typical Monday premarket risk-on short squeeze which has lifted indices above daily expected moves. SPX 0DTE largest levels are 6875 and 6825 which may act as targets. This week there are MAGS earnings, FOMC meeting and trade meetings. FOMC key question is whether FED will stop QT and add liquidity. Bitcoin and equity move are consistent with additional liquidity being added. Gold and silver are continuing to pullback from overbought as is oil. Latter had spiked on USA sanctions on Russia which market is discounting. There is potential for the overall market to continue the grind higher as many are saying, assuming MAGS earnings are good, Fed adds liquidity and a meaningful China trade agreement is reached. Calls are a risk defined method to trade the upside. Vix call spreads may be sacrificial lambs in case the story doesnt play out to the bulls satisfaction.

SPY 682  Resistance 688  Support 680 678 675  QQQ 624.7  Resistance 630  Support 620 615 610
Daily Expected Move. SPX(6823-6760)  SPY(680-674) QQQ(623-611)  IWM(252-247)

Stocks to watch MU, NVDA, GOOGL Speculative GME, BMNR, CRML
Indices ETHE, IBIT, ARKQ, NUKZ, QTUM, KWEB, XBI, SMH, MAGS, XLK, GDX, ARKG, UNG, SLV, GLD, XME, /CL 

S&P500 MU, NVDA, AMZN, AMD, TSLA

Other RNA, GME, BMNR, IREN, QBTS, IONQ, QUBT, SOFI, CIFR, CRML

BABA

Chinese stocks are bouncing on the USA chatter about positive China trade discussions. China is providing liquidity which is directed at the internal economy and can benefit BABA et al. BABA does not rely on USA for revenue but a reduction in USA hostility to China can improve sentiment. Above 175, call positions are targeting 195, 200, with prior high 190 the first target. Caveat that nothing has been agreed to with China and the USA media has been alot more positive than the Chinese media.