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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 -0.3% Currencies: USA$+0.27%, CAD -0.18%, YEN -0.09%, BTC/USD+0.77%, Vix:19.75

·       Events USA: Trump announced a plan for Navy vessels to escort ships through SoH. News reports are muddled with the initial that the USA ship hit, but Iran says that a warning shot was fired.  Expect a lot of propaganda today and potential for USA to resume attacks.
Stock News: BRK+.24%, NCLH-6% Earnings GME offer to buy EBAY for $125 per share
Equity: Global indices lower following Trump’s latest plan to have naval vessels escort ships through the SoH, which Iran has warned will lead to the ships being sunk. Premarket, there was a story that a naval ship was hit, followed by Iran saying a warning shot was sent.  Some believe that Trump is provoking Iran to attack, which he can then use to restart attacks with another 30-day timeline without congressional approval. Market reaction is the usual war reaction i.e. energy, US$, and yields are higher, and equities are pressured.  SPX 0DTE positioning is currently supportive, with 7200 the key pivot level. Based on positioning, dips will be bought and rips sold with an initial range 7180-7280.  The AI fever is still running hot and memory stocks are still being squeezed, optical names and some software names are higher. MAGS are flat to down with GOOGL and TSLA leading. Gold and silver lower with the move in yields and US$. GME has made an offer to buy EBAY, but EBAY hasn’t responded.  Names reporting EPS before open Tues: PLTR, ON, DUOL, PINS, SHOP, PYPL, PFE, which may see movement intraday. PLTR is higher premarket and a large weighting in the IGV which is outperforming premarket.  Bitcoin moved above 80k premarket but is pulling back premarket and on watch as it’s moving  higher with the US$. Higher bitcoin is supportive to names like MSTR CRCL. NCLH lower on earnings and taking CCL lower with it.
 

·       Stock MU, SNDK, LITE, GOOGL, PLTR, ORCL, GDX, AMD Speculative OUST, CRCL, BB, SBSW
Indices /CL, ETHE, UNG, IBIT, AIPO, XLE, US$, IGV, SLV, GDX, MSOS, FEZ, EFA, IWM, TLT, KWEB, XLF

S&P500 EBAY, STX, LITE, COHR, MU, PLTR, COIN, ORCL, SNDK, GLW, HOOD, SMCI, NCLH, CCL
Other OUST, LWLG, CRCL, NBIS, NTLA, IREN, MSTR, ASX, AAOI, MP, BE, EQNR, CRWV, WOLF, ERIC, SBW, PL, AG

PLTR

PLTR is reporting after the close and currently higher premarket. Option positioning indicates long call positions at 149, 150 with potential upside to 155 and higher. Expected move for earnings is +/-13.  Skew setup is bullish which is positive for upside verticals. One can also use diagonals/calendars to take advantage of the elevated IV this week. PLTR has not moved outside the expected move in the last 4 reports but has been a wild child in the past. PLTR sports a PE 188 so one of the more expensive stocks. It’s increasingly embedded with the USA and other govts and trades with the AI in defense meme. Leveraged ETS are popular with retail, which can move the stock intraday.