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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, Copper, Platinum, Palladium, Oil, natgas, AGGS, Bitcoin

·       Yields: 30Y Bond -0.35% Currencies: USA$ -0.08%, CAD +0.07%, YEN +0.24%, BTC/USD+0.29% Vix:16.45

·       Events: USA: Jan Opex today with Leap options expiring, potential single stock weakness if heavily call weighted

·       Stock News:PNC+2.8%, RF-4.6%, STT-2.4% earnings; 

·        Equity: USA indices are higher with the global indices otherwise lower. Semi names are continuing higher post Thurs TSM earnings-related bounce. MAGS led by AVGO, NVDA, with AAPL, MSFT, with a bifurcation in performance. Memory continues to be squeezed with reports of shortages which is powering MU and SNDK.  Spec tech not in the QQQ continue to outperform with space strong premarket (ASTS, RKLB, PL, RDW), quantum (IONQ) and drones (ONDS) higher.  Metals lower premarket and remain very volatile with silver -5% Thurs premarket and moving +4% intraday so look for volatility to continue. Oil higher potentially due to coming long weekend and Trump habit of using weekends for military action following statements that not planning to attack. 0DTE positioning is supportive while SPX 6900 and 6945-6960 a chop zone with larger moves outside. Small/midcaps have been outperforming large cap indices due to MAG7 weakness, but are above the weekly expected move, so somewhat extended; however, hedgefunds are still being in a short squeeze.

Daily Expected Move. SPX(6980-6908), SPY(696-688), QQQ(627-617), IWM(268-263)

Stocks to watch TSM, MU, NVDA, ASML, NVO, MOS Speculative ASTS, RDW, RKLB, RKLB
Indices ARKX, SMH, UFO, /CL, UNG, XLK, ETHE, ARKQ, ARKK, QQQ, XLE, IBIT, SLV, KWEB, XLU, TLT, XLP

S&P500 MU, SNDK, AMD, HOOD, SMCI, AVGO, VST, HPQ, MOS
Other ASTS, RDW, NVO, RKLB, NVO, CRWV, SMR, CPNG, PL, IONQ, ONDS, SGML, QXO, STLA, LCID, IREN 

UFO

UFO is a space-focused ETF. Major buzz due to USA government’s plans for a defensive dome, AI data centers in space, moon bases, and SpaceX IPO this year. UFO is technically extended so risky entry at current price unless one is a momentum trader but one to consider on pullbacks. Top 3 names are ASTS, RKLB,  PL with RKLB the one with the greatest institutional support. If one is a day trader ASTS is up alot in the last 2 days and would expect volatility into todays Opex in either direction.