Search This Blog

Tuesday, January 2, 2018

Market Alert - Last Hour

Stocks are for the most part holding gains though the Dow has lost much of its early move. SOX even has a strong move it is holding.

SP500 20.06, 0.75%
NASDAQ 96.99, 1.40%
DJ30 82.82, 0.33%
SP400 0.73%
RUTX 0.69%
SOX 2.52%
NASDAQ 100 1.73% as FAANG outperforms the NASDAQ for once.

Okay, so a new year has brought in some new, first of year money. A good start after seeing money leaving equity funds in November. The question, as posed early this morning, is whether there is staying power.

For the day, at least, there is. Thus taking a look at some stocks that hit the buy points on plays. Even so, there is no certainty the bids remain tomorrow, and after good early surges we will be looking at buying mostly partial positions then see if the moves hold or test back a bit. If they pause or test, then start back up, we can add at that time.

Bitcoin stocks received some upside impetus, as well as bitcoin itself, when it was revealed Peter Thiel has mad a 'monster bet' on the crypto.

TGT is up big as AMZN is said to be a possible acquirer. AMZN is up as well, recovering the ground lost on last week's Trump USPS tweet.

Senate: Orin Hatch is to retire after this term. Not that surprising.

Looks as if the market is getting a bid again late.
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

No comments:

Post a Comment