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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 – Neutral global set-up

·       Commodities: Gold, Silver, Oil, natgas, AGGS, Industrial Metals, Bitcoin

·       Yields: 30Y Bond -.19% Currencies: USA$+.25%, CAD +.04%, YEN-.33%,  BTC/USD +.24%,  Vix: 24

·       Stocks: NXPI-7%, BP-3%, MO-2.2%, REGN-3.4%, SPOT-5.4%, DB+3%, FOUR+6.7%, GLW+1.3%, HON+3.5%, KO+.7%, PYPL+.1%, RCL+3.8%, SOFI+9.3%, UPS+.6% EPS HIMS partnership with NVO
News: USA: JOLTS and Consumer sentiment 10ET Canada: Liberal minority govt

·       Overview: USA indices are consolidating after last week’s squeeze. USA Jolts and consumer sentiment at 10ET potentially market moving. Bessent is rumoured to be speaking on some tariff news which will be more significant. US$ is slightly higher with gold and oil making large moves to the downside, but silver and copper moving higher, so potentially a rotation. MAG7 are relatively flat with TSLA strongest up and NVDA weakest but not significant moves. Movers include HIMS which has partnered with NVO and various earnings names with SPOT SOFI and PYPL most prominent. With major earnings and major econ data starting Wed, today is likely a range day with caveat that the tariff random noise generator is running.  

·       Simple bull bear levels: SPY 550 QQQ 470

·       SPY 550.3  Resistance 555 560 Support 547 545 QQQ 471.6 Resistance 475 479 Support 470 465 

·       Daily Expected Move SPX (5591-5466) SPY (557-544) QQQ (479-466) IWM (197-192)

Stocks to watch HON, SOFI, RCL, PYPL, GDX, META, NVDA, AMZN  Speculative HIMS, PONY
Pre-800ET
Indices UNG, ETHE, SLV, IBIT, XLF, USO, GDX, GLD, XLE, FXI, SMH, TLT

S&P500 CCL, NCLH, ANET, UPS, KO, NXP, GM

Other HIMS, SOFI, VRNA, UPST, TEM, NVO, PONY, VKTX, HOOD, TCOM, SONY, JD, EAT, SPOT, XPEV, BP, BULL, GOLD

Trade Idea: AMZN

AMZN is -2.5% on news that they plan to display the tariff cost on the products on the website which the WH calls hostile. May be a day trade opportunity with support and potential bounce at 180 or below 180 move to 175. Above 185 potential bounce to 187, 188