.

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 +0.05%  Currencies:  USA$ +0.% CAD -0.11% YEN-+0.08%  BTC/USD+0.86%  Vix:16.55

·         Events: FOMC meeting minutes

·          Stock News: META buying MANUS AI company
Equity: USA indices are subdued premarket with slight outperformance by small caps.  Energy higher on geopolitical memes and long yields higher (TLT lower) is usually positive for financials and finally speculative tech bid is positive for the IWM. MAGS led by TSLA which outperforms if risk-off with semis small bid. Metals are bouncing after Mon drop with miners moving in tandem. There are clear liquidity issues in the metals space with future margins increasing and potential for China export restrictions Jan 1 so there should be alot of movement for day traders but keep the seat belt on. Bitcoin is higher as fitting a day where speculative assets are bid.  The Space etfs are bid with RKLB, ASTS  strong and SIDU+14% after share issuance.  SPX 6900 is a large 0DTE level which can act as a pivot today.  It’s a call heavy set-up so potential for a pop if traders want to bid up the MAGS rather than play with metals today

·        
Daily Expected Move. SPX(6937-6874)  SPY(691-685) QQQ(624-617)  IWM(251.5-248)

Stocks to watch NEM FCX TSLA BIDU   TLT       Speculative GFI SIDU RKLB ASTS
Indices SLV UNG GDX ETHE GLD XME IBIT ARKX UFO KWEB /CL  MAGS TLT 

S&P500 NEM FCX SMCI BA TSLA INTC MU
Other SBSW BIDU AU HMY PAAS GFI AU RKLB B APLD ASTS 

BIDU

BIDU popped Mon with news of a partnership with Uber and Lyft for self driving taxis in the UK. Large call positions at 130, 135, 145.  Pullbacks > 130 can be potential long idea with 135, 145 upside targets. May consolidate into a flag giving a setup for momentum traders.