Market Alert - Pre-Market

Futures vs FV: SP +3.75; DJ +66.00; NASDAQ +14.00

Dow is set to rally again as BA, the Dow's biggest driver the past week, announces record orders from India.

Analysts: FB downgraded to sell at Pivotal. COH downgraded. GPRO upgraded.

M&A: LH buying Chiltern

Chicago PMI to come later this morning, but outside of that, not a lot of hard financial news. There is the usual political and overseas news.

China: Says Korea is not its fault after Trump says China not doing enough. US UN ambassador said time for talk was over anyway, right?

Venezuela's socialist utopia is bracing for more open rioting and fighting in the streets after Maduro declares victory in the country's 'election.'

And of course, everything else is just fine in the world . . .


OTHER MARKETS
Bonds: 2.303% 10 year. 10 year bounces back and forth each session in this 2.3 to upper 2.2 range. Sold back, trying to bounce and keep the overall uptrend, but struggling.

EUR/USD: 1.1734. Holding last week's surge

USD/JPY: 110.56. Dollar remains weak.

Oil: 49.52, -0.19. Off slightly after rising over 50/bbl

Gold: 1273.80, -1.50.


Stock futures are just off morning highs the past half hour, but holding solid bids in a low to high morning. Always better to have a definite trend versus a gap higher early that just hangs around. The former shows momentum, the other is just a target for sellers to shoot at.

There appears little standing in stocks' way. There are the same political and geopolitical issues, but those are not stopping stock's rise. Earnings overall are pleasing enough to keep the bids in the market, and there is anticipation with AAPL's earnings.

Thus stocks are set to rise off of last week's late volatility that saw the indices drop fairly sharp Thursday, then fight to hang onto near support Friday. Of course this is an important attempt at a bounce after that action, but the indices are still very much in uptrends and there are still a lot of leaders that are trending higher and more good potential breakouts that are set up to move.


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

PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.

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