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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 -0.19%  Currencies:  USA$-0.05% CAD +0.18% YEN +0.01%  BTC/USD+4.2%  Vix:24.4

      •        Events USA: ISM services 10ET; Trump speaking potentially at 13ET
Stock News:        Earnings
Equity:  USA indices are flattish after a weekend of Trump violent threats and USA military action and then the usual Axios story that there may be ceasefire negotiations. Trump latest threat has shifted from today at 1pm to Tues at 8pm hence stock market can continue to trade ok until the next threat is issued. Most stock markets are closed today due to Easter so will be a low liquidity day with 0DTE in control. Tech is the leading sector and the industry groups are memory, optical, space, gold miners and bitcoin. Bitcoin is back to 70k which is a level to watch with MSTR buying $330M.  Space stocks had a large move Thurs and continuing with SpaceX IPO attracting the crowd to chase (RKLB ASTS SATS, PL); optical is the latest target for AI chasers (COHR, LITE, GLW, CIEN) along with fave memory/storage (MU, SNDK, STX, WDC). NFLX is only bullish MAGS and higher on an upgrade today at the magical 100 level. SPX 6600 0DTE resistance with acceleration above and 6550 0DTE support with 6500 below. Positioning is put heavy but IV is lower from peaks last week. Potential for a larger than expected move with lower liquidity and reduced IV. The market is still positioned for the war to not continue for much longer and for earnings to not be impacted hence every random rumour of some peace discussion will bounce the market.  With the market moving on Trump tweets and threats,  look for moves in either direction and today it looks like official speaking at 1PM and potentially tonight and his latest threat expires Tues 8pm but the threats keep getting delayed. One can consider fly trades or verticals for lower risk ways to trade random moves

      •         

      •        Stock IBIT SNDK MU COHR NFLX   DOW OXY COP   Speculative MSTR RKLB 
Indices   ETHE IBIT UNG  MSOS SLV UFO ARKX GDX ARKF /CL TLT XLE US$ KWEB IWM

S&P500 SNDK MU COIN WDC COHR STX LITE COHR HOOD NFLX INTC SATS TSLA  DOW OXY COP
Other MSTR KTOS CRCL RKLB IREN SMCI RKT BE MRVL ASTS PL   NBIX

NFLX

NFLX is the only MAGS which is technically bullish. The call wall is 100 which can act as resistance or acceleration above with targets 105, 110, 115 based on call positions. NFLX 200sma is 107.4 may act as resistance this week. GS raised price target to 120 which is boosting the stock and is premarket stretched. On can look for a pullback for a long entry or if looking for a momentum breakout a calendar/diagonal structure can be considered to take advantage of increased IV this week.