.

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 +0.05%  Currencies:  USA$ +0.21% CAD -0.35% YEN -0.05%  BTC/USD-7%  Vix:19.15

·         Events: USA: ISM mfg 10ET; Treasury QRA 15ET [ issuance planned for quarter and mix of bills, notes, bonds. More bills is positive for equity]

·         Stock News: PLTR+10% TER+23%    PFE-4.5% TDG-3.9% PYPL-15% ADM-4% IT-7.5% ETN-3.3% PEP-0.26%  RMBS-7% Earnings SpaceX buying X.AI and Elon pumping data centers in space, lifting space stocks 

·          Equity:  USA indices slightly higher  led by QQQ. Vol fell with Monday squeeze and QQQ is at 630 key level which is a major option level, daily expected move and prior high hence a breakout or consolidation/pullback level.  MAGS all higher with exception of AAPL which hit the weekly expected move Mon and MSFT which has continued to fall. Semis continue to be strong with memory names in a squeeze. SpaceX buying X.AI and discussing an IPO this year and data centers in space is inspiring the monkeys to buy space stocks like RKLB, ASTS, PL. Metals are higher with gold, silver, copper all surging along with the miners so the trade is not over but high vol means large moves in either direction are possible. China stocks lower following Monday weak mfg data. Earnings stars PLTR (AI), TER (semi, robotics); Dogs PYPL (payment) PFE, RMBS (memory) IT (AI loser?) Can look at these for either continuation or reversion.
  

·         Daily Expected Move. SPX(7008-6944), SPY(699-692), QQQ(630.5-621.7),  IWM(264.5-260)

Stocks to watch PLTR AMD GOOGL TER AMZN   PYPL PFE AAPL BABA  Speculative HYMC CRML RMBS
Indices SLV GLD GDX ARKX ARKQ XME UFO SMH QTUM ARKF XLK  KWEB ETHE XLF XLP

S&P500 TER DVA PLTR AES GLW WDC FCX MPC INTC  PYPL IT AME PFE TDG ETN NXPI ACN HUBB BG
Other HYMC WULF HL CDE CRML LITE RDW RKLB  RELX RMBS VIST GLXY BABA SAP GME JD

AMD

AMD reports after the close. Expected move is +/-20.6. Call wall  260, put wall 220. AMD has moved outside the expected move ½ of the 12 prior earnings report but inside for the last 4. Traders are balanced bullish and bearish.  If skew is moderately supportive for calendar/diagonal trades and IV is potentially supportive for short iron condor trades but risk of an outsized move