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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 – slight negative set-up

·       Commodities: Gold, Silver, Copper, Palladium, Oil, natgas, AGGS, Bitcoin

·       Yields: 30Y Bond +0.11%, Currencies: USA$ +0.17%, CAD -0.13%, YEN -0.81%, BTC/USD-2.3%, Vix:21.15

·       Events:USA: USA instituting 15% global tariff after SCOTUS decision

·       Stock News: HD+2.5%, KDP+2.2%, KEYS+13%, PLNT-5%, FERG-2%, HIMS-4.3% Earnings AMD deal with META for $60B of chips over 5 years and allows META to buy 10% of the firm

·       Equity: USA indices flat premarket with QQQ leading. Semis are leading despite NVDA, AVGO being lower due to a 9% move higher on a 5-year deal with META, which allows META to take an equity position. Mon financials were sold on potentially private equity concerns, and JPM is now below the weekly expected move and on watch today. Software names sold off on AI concerns and IGV is below the weekly expected move and on watch today. IBM multi-standard deviation moves lower on Anthropic, announcing a means to support old mainframe apps. Fear of AI has traders moving hard into industries that can’t be negatively impacted by AI.  Gold and silver are pulling back premarket after popping as tech/financials were sold.  State of the Union tonight will likely be important so take care. SPX 6800 is a key level to hold with potential for large drop below. Between 6840-7000 look for chop ahead of SOU tonight and NVDA earnings Wed AMC

·       Daily Expected Move. SPX(6892-6783), SPY(688-677), QQQ(607-595),  IWM(263-257)

Stocks to watch AMD, MU, KEYS, HD, NVDA, IBIT, NVO Speculative SGMI, AXTI, HIMS, OWL
Indices SMH, MSOS, /CL, XLK, ARKG, QQQ, XBI, IBIT, ETHE, GDX, KWEB, GLD, UNG, SLV, EFA

S&P500 AMD, ANET, INTU, CBOE, QCOM, ALB, GLW, NSC, INTC, LLY, FANG, NXPI, CNC, OKE, APP, AVGO, TDY, PLTR, MKC
Other SGMI, TSM, AXTI, DOCN, ZM, IONQ, ASML, XPEV, AS, HIMS, NVO, BMNR, SAN, CIFR, SMR, OWL, HL

AMD

AMD 10% bounce on announcement of a 5Y deal with META that will allow META to take up to a 10% position in the company. AMD is now above large call positions, which can lead to further upside with a squeeze or alternatively a pullback on sell the news. 213 is a premarket low, and 215 is a round-number option level that can be used for a pivot.