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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 –0.06%  Currencies:  USA$-0.06% CAD +0.02% YEN -0.15%  BTC/USD-3.0%  Vix:19.1

·         Events USA: Housing data 10ET  China: Retail sales and industrial production weaker than expected y/y
Stock News:BIDU+4.5% RAMP+27%       Earnings
Equity: Global indices lower as Trump threatened Iranian attacks again this weekend and Israel saying they are waiting on the word from USA. SPY moved lower to the SPY 735 put wall but bouncing after a report that USA would temporarily waive sanctions during negotiations.  Oil and yields moved lower and equity higher as market is highly sensitive to any news regarding SoH. The market is paying attention to a situation room meeting planned for Tues with signs that USA is planning a resumption of attacks.   Hedgefund 13Fs were released which are moving stocks. Semis continue to be a fave and MAGS are led  by NVDA which is reporting earnings Wed. Korean govt stepped in to prevent a strike at Samsung and may be contributing to MU and SNDK higher along with 13F buying.  META, MSFT, GOOGL are weaker premarket and have some 13F reduction. Software is underperforming semis with 13Fs reducing SAAS but Trump’s portfolio was released and the top holding NOW is a leading S&P name premarket. Space names are higher premarket and may be running with the SpaceX IPO in June (SATS RKLB ASTS LUNR). Bitcoin lower is weighing on the usual suspects (MSTR BMNR MARA). Opex has resulted in a reduction of gamma and hence potential for greater moves. SPX positioning indicates resistance at 7430 and support at 7425. SPX 7390 is a level that one can consider for a bull/bear level  

·         Stock NVDA MU NOW SATS BIDU MSFT AMZN MSTR   Speculative POET RKLB LUNR HIMS
IndicesUNG UFO GDX SLV SMH EFA AIPO TLT  ETHE IBIT USO ARKF XLY XLV 

S&P500  D NOW F SATS MU NVDA
Other  RAMP CMPS DXYZ POET RDW LUNR RKLB ASTS CLSK STM MRVL BABA MT LI HIMS MSTR BMNR MARA CRCL

UFO

UFO is an ETF holding a basket of space related names. Technically extended so risk of a pullback for a safer entry but momentum traders may be interested. Catalyst is the SpaceX IPO approx June 12. Individual names of interest are RKLB, ASTS and MDA which is listed in Canada and USA. These names are fundamentally expensive and technically extended but may nevertheless be squeezed.  RKLB option skew is very tilted to calls which makes the reward/risk of call verticals attractive. Caveat risky!