.

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 – slight positive set-up

      •        Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin

      •        Yields: 30Y Bond +0.13%  Currencies:  USA$-0.08% CAD -0.00% YEN +0.08%  BTC/USD+0.07%  Vix:15.95

      •        Events USA: PPI 830ET 30Y auction 13ET

      •        Stock News BIRK+8.8%    CSCO-5.9% JD-2% TPR-1.6% YETI-2% COHR-6%   EPS  
Comments USA higher ahead of CPI premarket led by AI/Semi trade. DIA and IWM leading with QQQ lagging with negative earnings weighing and resting after huge moves in AI trade Wed. CSCO and COHR lower post earnings despite earnings beats. MAGS led by NFLX higher because Ackman bought in last 3m along with AAPL and MSFT which have been hit the last few days. NVDA and semis slightly lower and question is whether monkeys will be trying the 225 NVDA calls as they do every morning. Commodities are lower ahead of PPI with oil lower as forecasters project lower demand and SoH is ignored since according to Trump, straight is open and USA controls. Semis are slightly lower with CBRS  squashed with a monster loss and worth watching for whether monkeys want to buy the dip since its a shiny new stock and in the magical AI space. SPCX had a big day Wed. (I sold, which is a bull signal) but calls buyers are active at 160 so potential to move to infinity and beyond:)  Financials were strong Wed and are leading premarket, assume its because the yield curve is steepening. *** PPI came in lower. Reaction: muted *** SPX 0DTE support 7780 and resistance 7800 potential for another range bound day with dispersion between sectors

Stock NFLX AAPL HPE    CSCO JD CBRS   Speculative  CRWV CAVA   NOVA
Indices  IGV XLF XRT IWM XLU  /CL GDX DRAM UNG KWEB GLD SLV XLE SMH

S&P500 HP HPE DELL NFLX APP IBM SMCI NOW   TPR COHR CSCO
Other ARX HLIT IREN XE NOK WYFI    CBRS LUNR AXTI INFQ JD NBIS RKLB AAOI HL RDW CRWV AG OCTV

NFLX

NFLX higher premarket since Ackman bought in the last quarter. NFLX now above the 50sma and above 75, option positioning indicates potential for 80 to the upside which aligns with the volume profile. Skew is tilted to calls which is a caution signal but most stocks right now are tilted to calls. IV rank is low so options are not expensive relative to the past few months.