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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 +0.11%  Currencies:  USA$-0.02% CAD +0.07% YEN 0.10%  BTC/USD+1.08%  Vix:19.5

      •        Events USA:ISM PMI 10ET
Stock News:  AAPL +3% FIVN+14% EL+11% CVX+0.8% TEAM+23%   SNDK-5%  Earnings
Equity: USA indices flattish premarket with DIA and SPY leading. AAPL the leading MAGS higher post earnings with others muted.  Software names are higher premarket and semis in general lower so a rotation premarket. Several smaller software names like TEAM RDDT TWLO higher post earnings and have higher short interest to provide a catalyst.  Energy stocks are higher with CVX and XOM higher post earnings.  Tank of the day is the beleaguered RBLX post earnings.  ISM PMI 10ET may be market moving. SPX 7150 is a pivot level based on 0DTE and 7205, 7070 are potential touch levels.  SPY is stretched based on volume profile so potential to retrace if the usual first of the month flows slow or whether the market hedges the potential of Trump using the weekend as an opportunity to attack with the aircraft that have been moved to the middle east.

      •        Stock AAPL PLTR NVDA  MU   Speculative TEAM RBLX
Indices UNG IGV IBIT ETHE UFO XLE QTUM  GDX SMH SLV XBI XLY

S&P500 AAPL PLTR   WDC SNDK INTC MU
S&P500 TEAM RDDT MSTR CRWV NOK AST RGTI RBLX AXTI

NVDA

NVDA is at 200 after a sharp drop Thurs. Idea is to trade it long above 200 amd fade/caution below. Pullback to support, may consolidate into earnings so perhaps can sell vol in the short term.