.

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 –0.06%  Currencies:  USA$-0.33% CAD +0.24% YEN +0.06%  BTC/USD-1.1%  Vix:18.24

      •        Events USA US home sales 10ET

      •        Stock News:VFS-8.1%  CPB+1.7% FCEK+4.7%    Earnings
Equity:USA and global indices continue to bounce as oil lower. USA lean is risk on premarket with small caps, AI and semis leading. Korea index is bouncing so speculators in memory names still have margin which is positive for MU SNDK et al. MAGS continue to underperform the QQQ and are led by TSLA ahead of SpaceX IPO and GOOGL/META which have been underperforming of late. MSFT and software underperforming as fast money continues to buy semis but NVDA is underperforming and potentially a funding source. Fri dip unwound the calls in AI/semis but it looks like the moneys are back and ready to crowd back in again. SPX is well supported today with < 7390 risk level and upside resistance/targets 7470-7500.  CPI Wed and the ongoing SoH issue and hence oil price are the next big catalysts leading into the SpaceX IPO and wall st. will be intent on pumping the market before dumping (selling) SpaceX shares to the public.

Stock MU INTC TSLA AMD    AAPL USO   Speculative FCEL ASTS SAIL
Indices QTUM SMH UNG UFO XBI KWEB ARKX AIPO IWM XLK EFA   USO IBIT US$ IGV

S&P500 INTC QCOM AMD ORCL TSLA NOW
Other  NUVL FCEL VSH ASTS LUNR NBIS RKLB AAOI MRVL NVTS  SAIL RDW

ASTS

ASTS has already made a large move premarket. Large call position at 100 which can act as resistance or above can squeeze with 110, 120+ targets based on option positioning. Stock was oversold so caveat that may be a dead cat bounce. One could consider spreads or flies to take advantage of the elevated IV and call skew. * Risky