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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 +0.43%, Currencies: USA$ +0.3%, CAD +0.02%, YEN-0.6%, BTC/USD+1.03% Vix: 18

·       Stocks:
Events: USA: FED meeting minutes 14ET
Equity: USA indices mildly higher premarket with IWM leading. ORCL report that the margin from the server rental biz was 14% led to selling in the AI related space. Premarket, all is forgotten, and semi chip suppliers are higher with AMD upgraded, but semi equipment suppliers are lower as implications of China export restrictions is slowly sinking in. MAG7 are led by AMZN, NFLX, NVDA, TSLA, and semis led by AMD, MU, NVDA.  US$ is higher, which is usually a negative for commodities and equity but futures traders don’t care and are bidding up gold, silver, copper, and oil. Speculative names are bid post Tues pullback. CFLT is higher on report may be selling. Space names ASTS, RKLB higher with ASTS cellular deal with VZ, watch the UFO etf. Bitcoin higher should provide a lift to the usual suspects. JOBY lower with a secondary, continuing a pattern of speculative companies raising money as the stock pumps. Look for monkeys to buy the dip as fundamentals are irrelevant in today’s market. SPX levels to watch are 6740 and 668,0, which are the large positions of a 0DTE iron condor and look for one side to be hit today. A break over one side or the other can lead to acceleration.
 
SPY 670.2 Resistance 672.3 675 Support 668 666, QQQ 605.4  Resistance 607 Support 605 604 600 
Daily Expected Move. SPX(6746-6684), SPY(672-666), QQQ(609-600),  IWM(246-242)

Stocks to watch AMD, SLV, FCX Speculative CFLT, ASTS, CRML, QS, RKLB, SRPT, PL, JOBY, NNE, RDW
Pre-800ET
Indices SLV, GDX /CL, GLD, XME, ARKF, ARKK, ARKG, TLT, IWM, XBI, QTUM, US$

S&P500 UNH, MU, PYPL, TSLA

Other CFLT, ASTS, CRML, QS, RKLB, SRPT, PL, AG, CLSK, BMNR, NBIS, SMR, PATH, ONDS, JOBY, NNE, RDW, BULL, ACHR, IREN, IONQ QBTS 

AMZN

AMZN has been weak with weakening consumer and competition in the future from OpenAI and others weighing on the stock. Potential breakout opportunity with call positions 225-240 the catalyst for a move and a volume gap above. Idea is long above 225 with first target 230.

S&P500 UNH, MU, PYPL, TSLA

Other CFLT, ASTS, CRML, QS, RKLB, SRPT, PL, AG, CLSK, BMNR, NBIS, SMR, PATH, ONDS, JOBY, NNE, RDW, BULL, ACHR, IREN, IONQ QBTS