Market Alert - Pre-Market

Futures vs FV: SP +0.42; DJ +9.19; NASD +11.30

The amazing market melt up continues with futures again pointing to another DJ30 new high, SP500 bumping at one. As noted over the weekend, SP500, NASDAQ, SOX are poised to bounce off support and follow DJ30 higher. This morning they stroll in that direction, but no sharp break yet, and they have to show they can make the move after failing to do so on AAPL earnings, jobs report.

Lots more earnings out this week as most growth stock earnings come the month following the SP500 names. Several China stocks, tech stocks announce this week.

AAPL: Bloomberg reports the next iteration of the Apple Watch has the capacity to call without a linked phone.

M&A: Rumors that UTX is looking to buy Rockwell.

North Korea: After UN sanctions, vows 'thousands-fold revenge' against the US. As with Iran and its ending each newscast with 'Death to America,' this is just North Korea's version.

Russia: Tillerson says the US and Russia can settle their differences. Well, they colluded together from what we are all told, so surely they can bury the hatchet.


OTHER MARKETS
Bonds: 2.274% vs 2.264% 10 year

EUR/USD: 1.1789 vs 1.17338

USD/JPY: 110.86 vs 110.68

Oil: 48.91, -0.67. Tough going after hitting at 50 though the real top of the range is 53-54.

Gold: 1262.10, -2.60


Futures are holding in just below morning highs. They gapped upside then held. That is typically not as strong an open. Thus far, however, they have recovered off of pullbacks. How do NASDAQ and SOX do today?

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