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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 -.22% Currencies: USA$ -.01%, CAD +.08%, YEN -.23%, BTC/USD +0.8%, Vix: 18.3

·       Stocks: DDOG-2.8%, BAC-2.5%, SEDG-7.6%, JPM-1% downgrade APP+1.7%, FCX+.9% upgrade
News: USA: USA indices have bounced premarket post the Mon fall. Tariff threats to Korea, Japan, and 12 others at tariff levels > than market expectations led to the drop. Premarket strength in the semi/AI basket with Mag7 led by TSLA bounce following Elon/Trump flare-up and NVDA. Financials are weak with analyst downgrades of JPM and GS and BAC in particularly weak. AMD strong premarket after a recent dip along with MU. China was strong Monday and KWEB continues to be strong premarket. Monday BIDU was strong and BABA weak so not uniformly strong. Long yields continue to increase with global yields rising and inflation concerns rising from USA fiscal plans. Solar stocks are pulling back on analyst downgrades. These are heavily shorted names that are in theory losers with less govt support but have recently popped with the general short squeeze.  SPX large iron condor seller has strikes at 6260 and 6190 which set levels to watch today. SPX6200 held Monday and support level to watch today.  Caution that the tariff situation is unpredictable and can lead to large intraday moves in either direction.
 

·       Simple bull bear levels: SPY 620, QQQ 552, IWM 220

·       SPY 621.2 Resistance 624 625 Support 620 619 617.5, QQQ 553.5  Resistance 555 556 Support 551 550 548
Daily Expected Move. SPX(6262-6198), SPY(624-617.5), QQQ(556-548),  IWM(222-217.5)

Stocks to watch AMD, TSLA, NVDA, BAC, JPM, SEDG, DDOG  Speculative SOUN, OKLO, SOFI, RUN
Pre-800ET
Indices KWEB, ETHE, FXI, QTUM, IBIT, SMH, IWM, XBI, XLK, UNG, TLT, USO, SLV, XLF, XLP, XLU

S&P500  AMD, MU, TSLA, BAC, ENPH, NEE, AES

Other DQ, CC, RGC, SOUN, BABA, SOFI, IREN, OSCR, OKLO, MARA, CLSK, ZIM, RIOT, SEDG, RUN, ENPH, BAC, DDOG, NEE, AES, U, CRWV

DDOG

DDOG lifted on being added to the S&P500 and is lower today on a broker downgrade. Price is testing the RTH breakout level with large option position at 145.  One can use 146-145 as a line in the sand, bullish above and bearish below. Anchored VWAP prior to the upgrade is 149 and a level to watch on a bounce which can act as resistance and provide support above.