.

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 –0.37%  Currencies:  USA$+0.08% CAD -0.02% YEN -0.1%  BTC/USD+0.17%  Vix:17.05

      •        Events USA: PPI, NY Fed mfg  830ET CDN: Rate decision 945ET  Eurozone: Industrial production weaker
Stock News CAG-3.9% JNJ-1.7% ELV-6% PNR-21%   ASML+2.8% MS+1.2%   Earnings PYPL+18.8% potential sale to Stripe. SKYX -5.6% Hynix ADR memory
Comments USA indices slightly positive led by QQQ. ASML positive earnings is lifting semi equipment co’s like AMAT KLAC LRCX and generally the chip companies.  MAGS are led by AAPL MSFT with GOOGL and NVDA lagging. Korea lower overnight is weighing on memory with Hynix newly listed ADR -5.6% which is weighing on MU. Healthcare is weaker with JNJ and ELV lower on earnings. PYPL popping on news of a buyout by Stripe and Advent. China KWEB is higher and BABA +5% with QWEN to power AAPL intelligence in China *** USA PPI 5.5% YY vs 6.2% expected ; NY MFG 15.6 vs 9.2  Reaction: 10Y yield lower, US$ lower, equity higher *** SPX 0DTE major level 7550 can be used as a pivot level  with range 7580-7500. Positive gamma leads to market well supported with mean reversion expected barring Trump tweets.  Oil higher despite Trump tweet that SoH open with actual tanker traffic minimal.

      •       
Stock BABA ASML MS  ELV MU NVDA    Speculative AEHR LION  CHKP
Indices KWEB SMH AIPO XLK QQQ IGV ETHE QTUM  DRAM SLV GDX UNG GLD XLV

S&P500 PYPL FISV MRK AMAT INTC KLAC LRCX IBM MS  PNR ELV SNDK UNH
Other AEHR LION UMC BABA XPEV ASML ASE NOK JD AZN TSM SNN ARM CAG CHKP MRAAY

BABA

Previous idea BABA is moving higher on news of AAPL using QWEN AI in China which will expand BABA AI monetization in China. BABA option OI indicates call buyers 125, 130, 150. BABA is still below the 50sma which is potential resistance and with the gap, one may want to look for consolidation but can consider longer term calls potentially selling short dated OTM calls to finance (diagonal).