.

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 -0.54%  Currencies:  USA$ -0.49% CAD +0.35% YEN +0.44%  BTC/USD-1.5%  Vix:19

·         Events:Japan: Yen higher post election and US$ higher. Most foreign currencies higher c.f. US$. Long yields higher with US 30Y bond price -0.5%

·         Stock News: DT+9% APO+1.5% BDX-3.3% MNDY-14.9% PGY-19% CLF-2.2%   Earnings LLY and NVO higher with HIMS pulling their weight loss drug. KR+7% new CEO

·          Equity:  USA indices are flat premarket but rising in NY premarket. Potential rotation into software premarket with MSFT leading  MAGS and big names like ORCL, PLTR, DDOG, APPS rising premarket. DT analytics name higher on earnings but MNDY and PGY are strongly lower. DDOG and APPS have earnings this week and may be seeing a run into earnings. Bitcoin pulling back below 70k after moving above and can watch 70k for potentially higher levels (75k-80k) with potential for lower levels while < 70k.  US$ lower and long yields higher post Japanese election with gold and silver higher.  Semi names are pulling back after a Fri surge led by NVDA +7% move including the memory group which has been squeezed (MU SNDK WDC). Potential large moves in either direction in the memory group. SPX 6900 is an important support level with minimal 0DTE support below and 7000-7010 is resistance. S&P has been supported by industrials, staples, energy while tech has been weak and DJIA, IWM have been outperforming. One can watch to see if this continues or whether mean reversion will occur

·         Daily Expected Move. SPX(6984-6880), SPY(695.9-685), QQQ(616.3-603), IWM(268-262)

Stocks to watch MSTR PLTR APP DDOG  MU AVGO  Speculative DT  MNDY PGY
Indices SLV GDX GLD IGV ARKX EFA EWC XLV UNG IBIT TLT US$ MSOS KWEB SMH 

S&P500 KR APP ORCL VTRS HOOD LLY PLTR LW  WAT BDX MU SMCI MCHP LRCX AVGO CINF WDC CTVA
Nasi APP DDOG TTWO SNPS CRWD PLTR AXON GILD CEG  MSTR MU ARM MCHP AMD AVGO AMAT NVDA

MSFT

MSFT has steadily fallen post earnings with a combo of concerns on high capex spending and general concern that AI will supplant software companies. MSFT has major option support at 400 and above positioning can lead to a squeeze.  MSFT now has options expiring M, W, F so one can place 0DTE trades today. Expected move for today +/-5 and +/-13 into end of week.  A potential strategy for longer term swing is to sell puts/put spread to buy calls/call spread with 400 the must hold level. Software has been weak and potential for some mean reversion with MSFT the big holding of the IGV ETF. Premarket ORCL, PLTR, DDOG, APP are all higher with the latter 2 reporting this week and are potential run into earnings names.