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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 – slight positive  set-up

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

·         Yields: 30Y Bond -0.22%  Currencies:  USA$ -0.17%; CAD +0.12%; YEN+0.09%;  BTC/USD+2.6%;  Vix:17.15

·         Events: CDN: PPI 830ET

·          Stock News:
Equity: USA indices are higher premarket with Europe/Japan flat. down.  AI data center buying came back Fri and continuing today. MAGS are led by NVDA with a unverified story that they will start shipping H200 chips to China in Feb. The monkeys are buying the AI basket MU, WDC, SNDK, IREN, AVGO, GLW, VST etc as it’s one big trade. All good, unless China repeats the ban they had previously announced. Precious metals continue the parabolic move aided today by a lower US$. The smaller miners are strong with HYMC, CDE, HL leading. Bitcoin back to 90k lifting the high short interest treasury companies like BMNR. Space names had a big day Fri and are following through premarket with RKLB, ASTS jumping. TSLA, the strongest of the MAGS is continuing higher with the media attributing it to a court ruling in favor of Elon’s gazillion $ pay package but IMO it’s just because it’s a fave for hedgefunds to squeeze. SPX 0DTE has large position at 6860 which will either act as resistance or acceleration above. 6800 is the lower support level. Santa Claus fans are watching 6900 as a preamble to 7000 at year end. Bears need 6800 to break, which may be difficult without a catalyst but with lower liquidity and traders hopped up on risk, anything is possible.

Daily Expected Move. SPX(6869-6780); SPY(684-677); QQQ(621-613); IWM(252-249)

Stocks to watch  NVDA TSLA MU HOOD SLV TLT        Speculative HYMC
Indices SLV IBIT MSOS GDX /CL GLD ETHE UFO ARKX ARKF  UUP TLT XLI XLV

S&P500 WBD MU NEM WDC ORCL SMCI HOOD PWR GLW AMD  URI HAS HON WELL UNH CHD CTAS
Other HYMC ABVX CWAN IREN CDE SNDK BMNR ASTS BE RKLB HL DJT HMY CRDO   TIMB LUNR

SPY

SPY higher premarket with 684 the top of the daily expected move hence close to top premarket. Above 684, potential for 685 resistance but odds favor a pullback with 681 the key support level.  Low liquidity likely so large intraday moves are possible. Premarket set-up is risk-on, will be watching for reaction in RTH.