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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 – positive  set-up

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

·       Yields: 30Y Bond -0.08%  Currencies:  USA$ +0.14.% CAD -0.11% YEN -0.13%  BTC/USD+2.4%  Vix:16.10

·       Events: USA mg PMI 945ET CDN PMI 930ET

·        Stock News: BIDU +11% spinning out chip unit;  Trump delayed tariffs for 1 yr on furniture to reduce the non-existent inflation RH+4.7% W+1.8% WSM+1.1%
Equity: USA and Asian futures have risen after Wed late day sell down. Semis and spec tech are leading premarket along with precious metals which is a risk-on set-up. MAGS are led by NVDA and TSLA with the latter releasing sales data today. Analysts think that China will take some NVDA H200 which is positive for growth but there are bottlenecks. Semis strong with memory names MU, SNDK, WDC strength and upgrades to ASML and SNPS. AI related names like VRT, IREN, PLTR all bid premarket. China names are bid led by BIDU  (one of last week’s ideas) which is spinning out a chip division. Bitcoin higher to complete the risk-on set-up of AI, spec tech, small caps higher premarket.  Remains to be seen whether the futures pump is sold or chased. SPY 685, QQQ 620 are decision levels for today with NVDA and TSLA the front runners for movement along with precious metals and bitcoin. 

·      
Daily Expected Move. SPX(6931-6861)  SPY(690-683) QQQ(624-615)  IWM(250-246)

Stocks to watch NVDA TSM NKE INTC  SLV GDX      Speculative RKLB ASTS CORT XPEV HL
Indices SLV KWEB ETHE GDX IBIT SMH GLD UFO ARKK QTUM MSOS ARKQ  UNG /CL

S&P500 MU AMAT SNDK WDC SMCI NEM PLTR FCX INTC HOOD TSLA AMD ORCL NVDA GOOGL PYPL
Other BIDU STM ASML BILI BABA VRT IREN WULF SBSW BE APLD BMNR OKLO UL DBRG

TSLA

TSLA reports sales today which will be market moving. Stock gapped up but sliding premarket. Expected move for today is 469-440.  Large call position at 455 can be used as a pivot level with upside target 460, 465 and downside target 450,445,440.