Futures vs FV: SP +7.10; DJ +37.07; NASDAQ +14.26
Futures start a shorter holiday week on the upside as the rally from last week continues. DJ30 was taking a breather, but not many other indices, and all are set to rise on the open.
The key for us is whether the DJ30 stocks, the metals, financials, industrial equipment, start back to the upside after consolidating - some - last week.
M&A: SYMC buying LOCK; HW acquired by an Australian firm
The usual worries about the Trump presidency and how it will impact the world are the main stories, but note that oil is up. Gold is finally up after falling and falling, supposedly even as inflation chances increased thanks to the new President-elect. Hmmm.
OTHER MARKETS:
Bonds: 2.32% versus 2.34% 10 year
Oil: 46.96, +1.27
Gold: 1213.90, +5.6
We will see if the consolidating stocks start higher and give us some entries - along with the other stocks that are set up quite well.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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