Market Alert - Pre-Market

Futures vs FV: SP +2.88; DJ +40.78; NASDAQ +9.69

On a day with no news it looks as if the Dow will hit 20K. Yes, no real news, just an amazing politically correct America that has no sense of humor anymore apparently about anything. That was NOT anyone's prediction for 2016 for sure.

China: Banking official says a cut in the RRR (China's FFR) should happen at an appropriate time. Well, people should be pleasant to one another as well. It is a nothing statement with no substance. See? No news.

AMZN: Evercore names it as its 2017 top pick. Groundbreaking. Brilliant!

Store closings/Jobs: GNC -4400 stores. Ouch.

Politics: CNBC's John Harwood responds to Trump's tweet about a difficult transition with 'all reports' say things are just going swimmingly. Fox Business has a New York republican Congressman (yes, there is one of those) saying that insiders in the transition are saying the administration is making it as difficult as possible. Ah, things are healing up nicely.


OTHER MARKETS
Bonds: 2.556% versus 2.56% 10 year

EUR/USD: 1.0394 vs 1.0457. Dollar resumes move against the euro.

USD/JPY: 117.76 vs 117.443

53.83, -0.07

1139.50, +0.70


Futures are holding very decent gains approaching the bell. It does look as if the Dow will hit 20K today. The trick is holding it. There are some very good looking lower priced stocks that are not extended and that fit the January effect category. We have them on the report and are watching to see if they get the pre-January bids.

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


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