.

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

·         Yields: 30Y Bond -0.13%  Currencies:  USA$ +0.13% CAD -0.11% YEN -0.30%  BTC/USD-0.55%  Vix:20.1

·         Events:USA: Durable goods, housing starts  830ET; Industrial Production 915ET 

·         Stock News:GRMN+ 10.6%, ADI+7.8%, SEDG+1%, VRSK+9%, GLBE+23%, PANW-6.8%, FVRR-17.8%,   Earnings META NVDA deal for a gazillion GPUs

·          Equity:  USA indices higher permarket along with international markets which are open. QQQ is leading premarket with NVDA and AMZN leading. NVDA higher on a deal with META which with AVGO and AMD lower indicates an appetite for high end GPUs. META initially higher but lower pre-market likely due to the capital spending. ADI higher on earnings adds additional support to industrial semi names. PANW lower on lower guidance may weigh on other security names. Earnings names moving > expected move: Higher:  GLBE WING VRSK GPN Lower:FVRR DINO. Metals rebounding premarket after Tues dip and oil and defense higher as geopolitical risk in middle east remains elevated. Stocks are moving with 13F filings: AMZN higher with Ackman buying; MU with Tepper; NYT with Berkshire. SNDK lower with WDC planning to sell some to raise $3.17B and RIOT higher with Starboard urging changes. Durable goods and housing starts better than expected positive for the economy with industrial production on deck. Fed meeting minutes in the afternoon potentially market moving. Vix options expire at the open and can lead to volatility today which is expected given negative gamma set-up.  SPX guard rails are 6900-6800 with 6850 a useful pivot level. SPY/QQQ are pulling back post the econ data as is the TLT so maybe good data is bad or some profit taking after an overnight rise.

·         Daily Expected Move. SPX(6899-6787)  SPY(688-677) QQQ(608-595)  IWM(266-260)

Stocks to watch NVDA VRSK ADI AMZN PLTR    PANW ANET CRWD AMD  Speculative RIOT ONDS  VNET
Indices SLV /CL XLE SMH GLD GDX KWEB XME ARKX MAGS XLK QQQ   UNG ETHE IBIT ARKG XLRE

S&P500 VRSK GRMN GPN CDNS CE ADI MRNA CZR PODD SNPS  PANW ANET AMD CRWD RSG HST QRVO
Other GLBE RIOT HL ONDS STM AG VOD SEDG ASTS CRCL VNET APLD SBSW WPC 

DFEN

The Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is a high-risk, leveraged ETF seeking 300% of the daily performance of U.S. aerospace and defense stocks. Major holdings include GE Aerospace, RTX Corp, Boeing, and Lockheed Martin. It is designed for short-term, active trading, not long-term holding, due to daily rebalancing. 

Defense stocks have been strong as USA escalates in the middle east. Many of the defense stocks are expensive with low option liquidity so DFEN is an instrument for short term trading. It is leveraged so higher risk. ITA is a unleveraged alternative. Both have high concentrations in GE, which can be traded with options directly