.

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, Oil, natgas, AGGS, Industrial Metals, Bitcoin

·       Yields: 30Y Bond +0.05% Currencies: USA$-0.09%, CAD +.34%, YEN-0.18%, BTC/USD+0.32% Vix: 16.5

·       Stocks: HOOD +8.3%, APP+9%, EME added to S&P500; ORCL+2.3% earnings Tues; SATS+22% terminates $1.3B MDA contract and sells spectrum to SpaceX for $17B ASTS-12% reaction
Events: USA: no major reports
Equity: Global indices are generally higher premarket with long yields and US$ lower ahead of the inflation reports this week and heightened expectations of FED rate cuts.  MAG7 led by TSLA, MSFT, AVGO. AAPL has an I7 event Tues and may see some monkey buying into the event. Gold miners continuing to be bid with the expectation of a lower US$ and lower rates, but they are becoming very extended. China stocks are bid in the Hong Kong market with BIDU, BABA et al bid overnight. Oil is higher despite Opec increasing production, as is natgas and lifting producers like APA. S&P rebalancing is adding HOOD, APP, EME to S&P500 and removing ENPH, MKTX, CZR. Added to S&P400 NTNX, TRU, MP, KTOS. These names are candidates for today, with names added to indices tending to rise,e with the caveat that HOOD, APP rumored for many months to be added to the S&P500. 

·        

·       SPY 648.6 Resistance 649.12 650 Support 647.7 646 645, QQQ 578.3 Resistance 580 Support 576.5 575 572

·       Daily Expected Move. SPX(6509-6454), SPY(650-645), QQQ(580-572), IWM(240-235)

Stocks to watch: TSLA, AVGO, HOOD, APP, SATS, ORCL, ASTS, RKLB, T  Speculative HMY, GFI
Pre-800ET
Indices UNG, KWEB, MSOS, GDX, ARKK, SLV, GLD, MAGS, EFA, XLK, XLE, ETHE, US$

S&P500 ORCL, ALB, TSLA, AVGO, APA, BA, GEV, UNH, CEG, SLB, DVN, MSFT, T, TMUS, VZ, NCLH, NEM, CCL, MU

Other SATS, APP, HOOD, BIDU, HMY, GFI, BABA, XPEV, RDDT, ORCL, SMR, TSLA, AVGO, SMMT, ASTS, T, RKLB, VZ, MSTR, NVO

ORCL

ORCL reports earnings after the close Tues. Software has been weak but the monkeys like to buy stocks into earnings. ORCL is an AI name and it’s forecast will be important for the space including the capex for the large project partnering with Softbank. Expected move for the week is +/-22.  ORCL large bounce Fri and in premarket. 240 is a large option level which can act as resistance or acceleration above. Can consider long > 240 or pullback > 235 as a pre-earnings trade.