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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 – negative set-up

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

      •        Yields: 30Y Bond -0.0%  Currencies:  USA$+0.17% CAD -0.11% YEN -0.17%  BTC/USD+0.37%  Vix:20.3

      •        Events USA: Trump on CNBC 830ET; Retail sales 830ET; Walsh Hearing 10ET; Iran not confirmed USA meeting

      •        Stock News:   RTX+1.6% UNH+7.7%  GE-3.5% TSCO-5% Earnings
Equity: Global indices moderately higher ahead of the potential meeting in Pakistan between USA and Iran and so far Iran has not confirmed attendance.  Uncertainty with ceasefire deadline approaching and market can move on intraday news. USA retail sales will be reported premarket and Walsh confirmation hearing beginning. Trump is speaking on CNBC at 830ET which would be market moving.  Premarket the strength is AI related technology. AMZN leading premarket with news of further investment in Anthropic and Anthropic buying AWS services:) AAPL CEO Cook stepping down is leading to AAPL weakness premarket. AI optical interconnect / power are the latest popular group with ALAB NVTS CRDO ALAB AAOI all higher and popular with retail. Space names LNR ASTS also higher and popular with retail. UNH higher on earnings lifting the XLV and has moved above the expected move with 350 a key level for rejection or acceleration. GE lower on an earnings beat and moving more than the expected move so on watch for continuation lower or reversal. SPX positioning is positive with 7150 a pivot level with 7175 target above and 7105/7110 below where potential to BTD.  CTA are expected to be mechanical buyers to support the market so aside from the Iranian elephant in the room the market can continue to remain elevated (and technically extended).  Trump is threatening Iran on CNBC this morning and S&P is mildly pulling back but oil is not reacting. Be prepared for a move when there is clarification on the meeting.

      •        Stock AMZN TSLA   AAPL GE   Speculative  ALAB NVTS AXTI
Indices UFO QTUM USO XLY IGV SMH AIPO MAGS XLV  KWEB SLV GDX GLD EFA

S&P500 UNH COHR CVS AMZN INTC DHR NOW SMCI SNDK HOOD  TSCO GE
Other ALAB NVTS CAR MXL APLD CRDO ONDS OSCR LNR ASTS AAOI AXTI LWLG XPEV

VRT

VRT reports Wed before the market opens. Large move Mon and one to watch today for moves in either direction. Expected move is +/-25. Elevated IV can be used for diagonal trades for directional trade. Put wall 230 call wall 350  likely set the range