Market Alert - Pre-Market

Futures vs FV: SP -3.8; DJ -14.87; NASDAQ -6.79

Futures are down. Repeat, futures are down. Have not seen that in awhile as the second week of 2018 begins. The big question after week one was whether money would keep coming. It is not this morning, but the losses are really quite low and more indicative of taking a pause than rolling over. Of course you have to see if the sellers become more aggressive, but this open, while tailing toward the bell, is not that aggressive.

Not a lot of news. Analysts and the like.

Upgrades: CAT (JPM), UTX (GS)

Downgrades: SNA; P


NVDA: In a deal with Uber and Mobileye for autonomous vehicles. Of course NVDA is up again, bucking the market.


LULU: increased Q4 guidance

KSS: sales +6.9% and it raises 2017 guidance.

Obviously the holiday sales were much better than expected.

GPRO: What was hot 5 years ago is not now. Lowers guidance, cutting workforce to below 1000 (from 1254).


OTHER MARKETS
Bonds: 2.464% vs 2.476%

EUR/USD: 1.1975 vs 1.20289

USD/JPY: 112.92 vs 113.06

Oil: 61.59, +0.15

Gold: 1319.80, -2.50


The big question, again, is whether the money keeps coming to the market. A softer open after a rally is not bad as it gives the buyers a chance to get in at better 'values.' We will see if that occurs today. Or tomorrow.

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