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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 -.37% Currencies: USA$ +0.06%, CAD +0.04%, YEN-0.15%, BTC/USD -1.46%, Vix:17.45

·       Events: USA: PCE, Consumer sentiment 10ET CDN: employment 830ET

·        Earnings Stocks: COO+13%, ULTA+6.4%, RBRK+18%, VSCO+11%,    HPE-8.6% 

·        Stock News: NFLX buying WBD, PSKY not; SOFI $1.5B stock offer; OKLO $1,5B debt offer
Equity: USA indices mildly higher, led by tech and speculative tech ahead of economic data 10ET. MAGS are led by semis with AVGO, MU bid with NFLX lower on the report that are buying WBD for $82.7B. SOFI and OKLO lower on stock/bond issuance with wallst playing the game of boosting a stock and then issuing. BIDU is higher on news of an IPO of their AI chip unit, lifting KWEB. ULTA and VSCO have higher post EPS with VSCO beating expectations by losing less than expected, and ULTA growth continuing.  SPX 0DTE support 6850, 6900, resistance 6900. IV is low despite the 10ET data release, likely since it’s stale and is typically crushed into Fri EOD. It is an Opex today and may see some squeezing or reversals with IONQ, RKLB, ONDS and META close to trigger levels. Bitcoin is weaker premarket, which is potentially a caution signal for risk appetite. Gold, silver, copper and yields higher, but take care at 10ET as PCE may impact.

SPY 685.9 Resistance 686.6 688 Support 685 680, QQQ 625 Resistance 628 630 Support 625 623.5  620
Daily Expected Move. SPX(6895-6819), SPY(688-680), QQQ(628-623),  IWM(253-250)

Stocks to watch ULTA, VSCO, SLV, ORCL, AVGO, NFLX, SOFI   Speculative RBRK
Indices SLV, UNG, KWEB, GDX, IPO, SMH, NUKZ, QTUM, XME, XLK, QQQ, IBIT, MSOS, /CL, ETHE, TLT, XLP

S&P500 COO, ULTA, BAX, ALB, RMD, HUM, WBD, CPRT, ORCL, CPAY,  HPE, PSKY, NFLX, BF, D, PEP, LUV, KMI
Other APLD, WBD, INTC, QBTS, SMR, SOFI, SYM, OKLO, BMNR

UFO

UFO is an ETF holding space-related names. Highly speculative and extended after a large move Thurs. Long idea > 36-3 or pullback > 34.50. RKLB, ASTS, LUNR are optionable names which are short-term extended but below recent highs. TRMB is a potential stock trade. Space is a high beta sector that can do well if risk appetite is growing, and is an industry that the USA govt has made a priority. A risk to profitless, high market cap companies is secondary offerings after a bounce, so take care with individual names.