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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 – positive set-up

·       Commodities: Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin

·       Yields: 30Y Bond +0.03% Currencies: USA$-0.11%, CAD -0.03%, YEN -0.09%, BTC/USD+0.10%, Vix:18.65

·       Events USA: USA attacked Iran on weekend, and Iran attacked a tanker but as usual Sunday night there was repeat of another truce to support oil and equity markets
Stock News ON-14%, buying SYNA
EquityUSA indices higher premarket after the Russell rebalance selling last week. Large cap tech is leading premarket and small caps are lagging. The Russell rebalance led to the leaders leaving the index which may have remove the fuel from what has been the leading index. Pension plans will complete the equity/bond rebalance by end of month which potentially can continue into end of month before the expected start of month fund flows enter July 1. Stocks leaving R2000 were sold Fri and worth watching for bounces in the coming days. Prominent names: BE, CRDO, RKLB, IONQ, ALAB. There were large dark pool buys in MSFT, AMZN, GOOGL Fri and are worth watching. Semis are on par with software premarket but MU is lower premarket. MU and semis are sensitive to the Korean market which was volatile last week and was trading lower overnight. Oil  lower, 10Y lower has been a catalyst for large moves in interest rate sensitive sectors and question is whether it can continue. Payroll reports this week are the next macro event.

·        Stock META, GOOGL, ORCL, RKLB, BE, MU, IWM Speculative ASTS, OKLO, IONQ 
Indices XLC, IGV, MAGS, ARKX, KWEB, XLK, RSP, QQQ, AIPO, UFO, SMH, SLV, GDX, GLD, MSOS, UNG, ETHE, IWM, XLP

S&P500 CMCSA, CHTR, PLTR, ORCL, NOW, SMCI, QCOM, MSFT, MRVL, INTC, AMZN, NVDA, GOOGL
Other FCEL, ASTS, SLS, RKLB, BE, RDW, BTDR, IREN, RGTI, OKLO, IONQ, MSTR, SMR, MARA, QBTS, SOFI

RKLB

RKLB was removed from the Russell 2000 on Fri which may have contributed to selling pressure last week. It has made a strong bounce Mon premarket and question is whether its a dead cat bounce or if it can continue. Options positioning indicates support at 90 and resistance at 95. One can consider long on pullback > 90 or on a breakout > 95. RKLB is a speculative space stock and can perform poorly if growth remains out of favor