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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 set-up

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

·       Yields: 30Y Bond +0.13% Currencies: USA$ -0.06%, CAD -0.02%, YEN+0.51%, BTC/USD-0.32% Vix:18.0

·       Stocks: UNH+3.5%; PYPL+14.5%; UPS+9.6%, CFLT+9%, SHW+5%, SOFI+3.3%; GLW-5.5%, DHI-5% EPS BAM and CCJ US govt funding to build nuclear reactors; QRVO, SWKS merger
Events:USA: USA housing price data
Equity: Global indices flattish after Monday’s USA squeeze led by MAGS post enthusiasm for the potential for an actual trade agreement with China or alternatively a squeeze of the weekend shorts. QQQ led the bounce and is already at the weekly expected move ahead of MAGS earnings and FOMC meeting, hence extended. Earnings: PYPL 2x move with inline earnings but… OpenAI deal; UPS 2x move as laggard beat; DHI 1x move lower as housing market weak; RCL >1x move lower on EPS miss; GLW lower and CLS higher as datacenter revenue strong; SOFI modestly higher on strong earnings. BAM/CCJ are latest beneficiary of USA govt investment to build nuclear reactors and taking a position in potential IPO. MAGS led by TSLA, AMZN, NVDA, GOOGL, with TSLA option volume massive Mon and AMZN announcing 14k job cuts ahead of earnings. GOOGL is at the top of the weekly expected move ahead of earnings. Gold and silver are continuing to unwind, taking miners lower. SPX 0DTE has large positions at 6895 and 6840, which set targets for 0DTE trading algos that will likely hit one. Correlation is low, so expect outsized moves in individual names at the expense of the rest as dispersion trade reigns supreme. Speculative sectors leading premarket are quantum and nuclear with the latter benefiting from the BAM/CCJ news and the former clinging to the notion that USA will invest in one of tiny companies. Wed is a big day with FOMC and several MAGS reporting so strap on seat belts:)

SPY 686 Resistance 688  690 Support 685 682, QQQ 629.4 Resistance 630 632 Support 627 625 620
Daily Expected Move. SPX(6907-6843), SPY(688-682), QQQ(632-624),  IWM(252-248)

Stocks to watch PYPL, CCJ, AMZN, TSLA, CCJ Speculative WULF, SMR, GLXY, CIFR
Indices QTUM, IYT, MAGS, ARKQ, XLV, NUKZ, QQQ, UNG, GDX, ETHE, GLD, /CL, KWEB, SLV, IBIT

S&P500 PYPL, UPS, SWKS, SHW, UNH, REGN, FDX, XYL, CNC, ADBE, CRWD, FFIV, ARE, RCL, GLW, DHI, CCL, NCHL, NEM

Other CCJ, WULF, UEC, UUUU, WRD, SOFI, SMR, QUBT, QBTS, GLXY, CIFR, IREN

SOFI

SOFI is higher post earnings but has moved less than the expected move. Large call position at 30 sets a support level. Potential for continuation higher or for a sell the news. Momentum traders can look for long > 31 or dips to 30. Below 30, there is a potential for a sell the news.