Market Alert - Pre-Market

Futures vs FV: SP -0.78; DJ +13.1; NASDAQ +2.26

Futures are continuing to fall into the open after a higher early in the early morning session. Steadily dropping the past two hours to a morning low, the decline accelerating after some relatively decent economic data.

GDP, Q3 2nd: 3.2% vs 3.0% vs 2.9% 1st iteration

The gain was led by consumption: 2.8% vs 2.1% prior

Pricing: 1.4% vs 1.5% prior read

Profits: 7.6% vs -1.9%. Seems an aberrational change.

Business Investment: -1.2% vs 0.1% prior. another outlier?


Oil: OPEC minister says "no cut in production." Oh no, who could have guessed that? Oil stocks are down hard again on this news.

Earnings beats: TIF, MNK

Misses: SCVL (shoes)

Cyber Monday: Online shopping said to rise 10.1%.


OTHER MARKETS
Bonds: 2.347% vs 2.31% 10 year. Bonds fading after the Monday bounce.

EUR/USD: 1.0578 VS 1.0617. Dollar rebound.

USD/JPY: 113.105 vs 111.916. Big jump versus yen

Oil: 45.29, -1.79. Back down as OPEC deal looks no go.

Gold: 118.50, -8.30


Futures fading into the open as noted, at session lows. Oh no! Really? This is pretty orderly and a needed test, and just the second day. A 3 to 4 day test would be great. Will see how stocks such as FB, GOOG, AMZN, NFLX pick up the slack.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm


Customer Support: http://investmenthouse.com/contact_us.php