.

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 +0.33%  Currencies:  USA$-0.04% CAD -0.11% YEN -0.01%  BTC/USD-0.21%  Vix:16.1

·       Events USA Housing data 830ET
Stock News:SPCX +5.2% options start trading today
Equity:USA indices are flattish after Sunday night squeeze with the latest deal is close. Oil is continuing lower which reduces yields and increases liquidity and hence positive for speculation.  Leaders continue to be semis and memory in particular with MU WDC along with Korea and Taiwan strong. MAGS are mixed led by AMZN with Prime next week and MSFT lagging as software continues to underperform with PLTR and ORCL also lower. SPCX continues to squeeze and options will start trading today. IV will be elevated and bid-ask spreads wide but monkeys will be buyers so potential short put name or covered calls on shares. Gold miners had a big day Mon as yields and US$ fell on the 40th “deal close” and potential for continuation or GDX  may stall at the 200sma. Speculative names are leading with optical (AAOI POET) AI data center (CRWV) and space (RKLB ASTS SATS) bid . CRWV and RKLB are being added to Nasi100 and SATS is a potential longer term arb trade on SPCX. SPX is well supported by positioning with a large position at 7570 which can act as a magnet and 7500 level to watch for support. No major planned news ahead of Wed FOMC so indices are under control of 0DTE traders and tweets regarding SoH 
 
Stock MU SPCX SATS AMZN   MSFT TSLA MRVL   Speculative AAOI CRWV POET RKLB
Indices GDX UNG XLK SMH EFA GLD TLT MSOS FEZ  USO KWEB IBIT IGV MAGS ARKF  

S&P500  WDC QCOM MU SATS SNDK HOOD 

S&P400 SATS
Other AAOI CRWV INFQ AXTI  POET RKLB ASTS AG CRCL USAR XPEV ERIC STM ARM UMC MRVL PL

CRWV

CRWV is an AI data center name which will be added to the Nasi100 June 22. Bounced on the resumption of animal spirits with 40th “close to a deal”.  Catalyst for upside is index addition and general monkey chasing with risk that valuation is high and at some point hyperscaler spend will slow.  Expected move is +/-8 this week and +/-13.9 into Nasi add week.  IV rank is not elevated but call skew is high so long call vertical or call fly are strategies to trade continuation.  50sma is above price and a level which can act as resistance or acceleration above.