.

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,  Palladium, Oil, natgas, AGGS,  Bitcoin

·         Yields: 30Y Bond +0.38%  Currencies:  USA$ +0.09% CAD -0.09% YEN +0.33%  BTC/USD-3.2%  Vix:18.5

·         Events:USA: Retail sales, ADP weekly employment 830ET

·         Stock News: DDOG+9.4%, SPOT+12%, RACE+5.8%, OSCR+4.8%, AZN+1.7%, CVS-1%, BP-3.9%   Earnings

·          Equity:  USA indices are flattish ahead of USA econ data to be released 830ET.  TSM Jan revenue report better than expected fuel for NVDA AVGO and SMH. MAGS higher ex-AAPL, GOOGL with rotation into laggards. Software lagging sector is continuing to bounce with names reporting this week and retail faves advancing e.g. APP, TTWO PLTR, PANW. DDOG and SPOT higher post earnings and helping to defuse the meme that software is not dead. Metals are weaker premarket and showing some signs of a decrease in the exuberance. Bitcoin pulling back after the Mon bounce and while below 70k the risk is a continuation lower. Memory names MU, WDC are weaker and susceptible to pullback if the panic buying exuberance decreases. MU IV is 80% c.f. QQQ 24% so still very jacked as bulls and bears squeeze it. TLT higher premarket which may be a reason for XLF to be weakening and provide a catalyst for monkeys to buy beaten down tech and pressure the overbought, low growth staples. Retail sales premarket will be a catalyst for names like WMT, XRT and consumer discretionary names. SPX 0DTE positioning indices a range of 7000-6900 with very little support below 6900. 6950 is a good intraday bull/bear level to watch 

·         Daily Expected Move. SPX(7002-6928)  SPY(698-690) QQQ(619-609)  IWM(269-264)

Stocks to watch TSM NVDA MSFT SHOP MU IBIT  Speculative DDOG ZM OSCR  MSTR
Indices ARKX TLT XLU XLE ARKG IBIT SLV GDX XLF UNG KWEB XME XLP

S&P500 MAS SHOP VST MAR APP TTWO DD IT CNC PLTR BDX SPGI AMTM MCO FDS MSCI XYL ON NDAQ
Nasi DDOG SHOP APP TTWO MAR PLTR CEG AVGO PANW NVDA  MSTR VRSK CSGP MU QCOM INTU WDC ADBE TEAM FER

NET

NET provides cloudbase services to secure websites. Moving lower with the software sector with AI a general concern. NET is potentially a beneficiary of AI but does suffer from an expensive valuation. Option positioning is leaning bearish into the report with puts bought and calls sold which can lead to an outsized more to the upside if the report is good. Alternative is an acceleration lower. Expected move +/-21. IV at 69 percentile and with 163% IV this week , one could consider diagonal trades for directional. Butterfly trades will be cheap but will need to wait until later in the week for a pay-off. Call wall 190 with potential to squeeze to 200 and put wall 160