.

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 –0.39%  Currencies:  USA$+0.04% CAD -0.22% YEN -0.06%  BTC/USD+1.85%  Vix:18.5

·         Events USA Geneva Iran talks bumpy, Iran closed SoH due to Israel attacks in Lebanon  CDN: CPI 830ET
Stock News SWBI+15.7%   ACN-16% earnings
Equity:USA indices dipped Sunday night after USA-Iran discussions stalled in Geneva with Iran closing SoH due to Israel attacking Lebanon but have bounced in the European session. The semi/AI group continues to lead with the memory group surging ahead of MU earnings this week. Taiwan and Korea lifting EEM with high semi holdings. MAGS generally lower with GOOGL leading lower with departure of key AI researcher to Anthropic. Software stocks continue to lag semis and QQQ. S&P correlation is at typical lows which is a caution signal and means that dispersion trading is favored and leads to some sectors/stocks lower while others move higher. SPCX continues to leak post-ipo and is dragging down the Space group. SPCX 175 is the highest volume level since the IPO and a line in the sand to watch. The SoH noise is supportive for the US$ and the hawkish FED is supportive to yields; together are negative for gold. Small caps are outperforming and counter to normal behavior were higher as yields rose. SPX 7500 is the largest position and can be used as a pivot with < 7475 the caution level. Market is still operating risk-off with 0DTE put sellers supporting and the unknown is for how long this will continue. So far hawkish Fed and SoH uncertainty have not impacted the bulls.

Stock MU SNDK INTC COIN GOOGL NEM   Speculative AXTI COHR  HIMS
Indices ETHE IBIT UNG XBI SLV SMH XLE AIPO QTUM XLK UFO ARKX GDX MAGS ARKQ TLT IGV KWEB XLC 

S&P500 WDC MU SMCI SNDK STX INTC GLW LRCX KLAC COIN  HOOD GOOGL NEM PLTR NOW ORCL

S&P400 AMKR MP COHR HIMS
Other APGE DFTX UMC AXTI    RDW HOOD GOOGL

XBI

XBI weekly breakout and higher premarket on the potential acquisition of APGE by ABBV.  XBI is technically extended with option positioning indicating upside target 150 and downside support 138. Momentum name where ideally one can catch on a pullback.