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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 – neutral  set-up

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

      •        Yields: 30Y Bond -0.08%  Currencies:  USA$+0.03% CAD -0.18% YEN -0.04%  BTC/USD+0.25%  Vix:23.35

      •        Events:USA: 20Y bond auction 13ET
Stock News: CTRN+18.7%  SMTC-1.2% TCEHY -7.5% ASO-4.4%   Earnings
Equity:  USA indices pulled back overnight as Mon short squeeze on lower oil prices reversed as oil moved higher. NY premarket indices are bouncing with SPY 670 the key level to watch.  NVDA momentarily jumped during Jensen’s key note address at the GPU conference but then sold down so on watch today. Jensen discussed many partnerships and as usual was very optimistic about the future. Premarket UBER is higher on one such partnership. DAL is higher premarket with a marginal increase in revenue guidance and lifting other airlines which have been hit on higher oil prices and USA wars reducing travel. MAGS are mixed with AMZN worth watching after a strong move Mon. Memory is still a fave of the monkeys with MU strong premarket and Hynix saying that there will be shortages until 2030. Expect STX WDC SNDK to be in focus into MU earnings this week with alot of volatility. Energy names are bid as there is no obvious end in sight for the USA/Israel war in Iran and around the world there are reports of companies starting to reduce production due to energy concerns.  The AI data center stocks which were short squeezed Mon after the CRWV META announcement are pulling back premarket with profit taking and potentially concerns that AI data centers dont work without energy. The equity trade is really a oil/US$ trade and if they rise, the economically weakest companies will fall and the converse also true (like Mon). Premarket SPX flow is increasing with targets forming 6650, 6770 and 6700 the key support level.  Hedging is still high which can lead to high intraday moves in either direction.  FOMC Wed may lead to an IV increase into EOD which can cause some weakness.

      •       
Stock MU NVDA DAL UBER   BK GLW     Speculative NBIS CRWV CTRN
Indices /CL XLE IYT UNG IBIT KWEB RSP  SLV GDX MAGS IWM IGV XBI

S&P500 DAL UBER UAL ED MU ALGN IRM BLDR   BK GLW ETR DOC APP AOS
Other EQNR BP SHEL SNY VG BMNR CRCL BABA PBR  TME NBIS COHR LITE NTDOY SONY CRWV LI IREN

BABA

China stocks have been consolidating and potentially ready to move higher. BABA had a bump on an announcement of spinning out it’s AI group. China PBOC is increasing liquidity which can be beneficial for the equity market. Caveats are general market weakness and impact of high oil prices which raise the US$ and are negative for foreign stocks. There are large call positions 150+ but up to 140 the bulls and bears are fighting so can use > 140 as a level for action.