.

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 negative set-up

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

·       Yields: 30Y Bond +0.27%  Currencies:  USA$ -0.02.% CAD -0.03% YEN -0.06%  BTC/USD+1.33%  Vix:16.30

·       Events:USA UE claims 830ET

·        Stock News: NKE bought $1M shares
Equity: USA indices are slightly lower with QQQ lagging. MAGS mixed led by TSLA and NVDA. NVDA completed a $5B investment in INTC with the latter higher on the news and has approached TSM about increasing production for H200 for China (is China going to buy?). TSM higher on the news. NKE higher on report that the CEO bought $1M in shares which is positive but likely a requirement for his position. This follows Tim Cook’s $3M purchase so maybe NKE can recover in 2026 after a 50% slide since 2022 and back to 2019 levels (or not). Space related stocks are higher as the meme that the USA will be building a protective dome or AI data centers in space  becomes the latest shiny object for monkeys to chase. UFO and ARKX are ETFS with large names RKLB ASTS LUNR. SPX 0DTE chop zone today between 6840-6920.JPM collar rolls this afternoon with 35k sized positions rolling to March and may cause some movement. Precious metal continue to volatile with rising futures margin leading to degrossing and the potential for China to employ silver export control Jan 1 adding a level of uncertainty with potential for large moves in either direction.  

·      
Daily Expected Move. SPX(6935-6857)  SPY(691-683) QQQ(623-615)  IWM(250-246)

Stocks to watch NVDA TSM NKE INTC  SLV GDX      Speculative RKLB ASTS CORT XPEV HL
Indices IBIT ETHE /CL TLT MSOS  XLE   SLV UNG GDX XME GLD KWEB QQQ XLK 

S&P500 NKE INTC NEM WBD
Other AXSM NKE WULF INTC RKLB LUNR TSM BMNR ASTS CORT XPEV HL LI TRIN AG CDE PAAS HYMC SBSW B RELX

NKE

NKE higher premarket on report that CEO bought $1M of shares which follows Tim Cook buying $3M. Positive news but minor given the wealth of the buyers. NKE is above 62 call wall and option traders are targeting the 65 strike which would fill the earnings gap down. Retail stocks have been running in Dec potentially due to shorts covering or expectations of tariff reversal or tax rebates in 2026 giving consumers more $ to buy.  NKE is extended premarket with weekly expected move 62.6 so may be max’d out for the week but is an idea for  2026. Call skew is favourable for debit spreads if one thinks that Air Jordans will be back in style.