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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 +0.14%  Currencies:  USA$-0.08% CAD +0.03% YEN +0.06%  BTC/USD+4.34%  Vix:20.6

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

      •        Stock News:   GEV+7% PM+2.8% BA+3.8%   T-2% VRT-5%  Earnings
Equity: USA indices higher premarket following a dip Tues on cancellation of ceasefire talks. Subsequently Trump declared an unlimited ceasefire and did not attack as feared. This of course doesnt change the issue of SoH being closed but market reaction is like the last ceasefire which means small caps, spec tech, precious metals all higher with bitcoin leading the pack. Iran has said that the USA blockade must be removed before there will be further discussions and remains to be seen whether that or an attack comes next. Premarket the MAGS are all higher led by GOOGL which has a number of announcements. The AI basked continues to be bid with GEV (power) big EPS move and retail popular names in the AI/power space POET NVTS getting squeezed. Bitcoin outsized move premarket and lifting the usual suspects like BMNR CRCL MARA MSTR and 80k is the upside target and the expected move for the week.  SPX 7120 is a pivot level to watch today. Risk of Trump bombing led to protection/shorts which are unwinding premarket and question is whether there can be follow through. Oil price is a good indicator to watch, /CL is rising premarket and a move above 92 could be negative for equity.  There is high potential of intraday tweets moving the markets so take care.

      •        Stock GEV GOOGL MU SLV GLD   VRT T    Speculative  POET NVTS  VG
Indices IBIT ETHE SLV MSOS GDX UFO GLD ARKX AIPO XME IGV  USO UUP XLE

S&P500 GEV COIN HOOD BA PM ORCL ADBE SMCI AMD SNDK INTC MU LITE  VRT T
Other POET XNDU NVTS ASST ASTS BMNR MARA USAR CRCL SMR ONDS RKLB  INFY BILI VG

IBIT

Bitcoin is trading higher and approaching a volume by price gap. Options have large positions at 45 and above potential for a move to 47 and 50. Bitcoin 78.6k is approaching 80k round number which is a level to watch. Bitcoin volatility is not overly high and skew is tilted towards puts so potential for further upside. The premarket move is large so take some care if chasing, one can look for a pullback for a long entry.