Market Alert - Pre-Market

Futures vs FV: SP +8.87; DJ30 +85.94; NASDAQ +15.75

Futures are rising on no scheduled economic data, somewhat of a news void. Terror attacks in Germany and elsewhere, after blamed for a sluggish afternoon Monday, are not holding markets back this morning.

Earnings: GIS miss (TL, BL); KMX miss (TL); BBRY miss (TL).

M&A: Praxair and Linde agreeing to a merger of 'equals.'

Upgrades: NVDA, AMD

Bonds off, gold off, oil up, dollar up. Same trends are holding.



OTHER MARKETS
Bonds: 2.579% vs 2.544% 10 year. Bonds sell back after a day of bouncing.

EUR/USD: 1.0267 vs 1.0401

USD/JPY: 118.01 vs 117.113

Oil: 52.60, +0.48

Gold: 1133.70, -12.50


Futures are off morning highs but again, when there is a void of news the bias remains upside despite bullishness moving to the upper range.

DJ30 20K will be talked about a lot today as the Dow is close to that level based upon futures indications. As noted over a week ago, that level can act as a magnet and then a barrier. Thus we will watch some key areas again. AKS in metals is important as it has held the line. FB, AMZN, GOOG are showing signs of trying to move higher and how they act is important to NASDAQ. Chips have moved well but are somewhat stalled; how are they going to respond? Financials as well. We will watch those as well as how this early move higher is bid or sold. Things appear to be just fine, but with some sentiment getting to high levels you stay vigilant.

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


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