Market Alert - Pre-Market

Futures vs FV: SP +3.09; DJ +22.65; NASDAQ +16.48

From -200 in the earlier hours of the pre-market the futures have steadily recovered to positive. Interestingly, NASDAQ led the turn in the futures. Is it SNAP? TWTR? Could be. Suffice it to say, the volatility remains.

It is encouraging for the upside to see the lower open turn positive in terms of the continuation of the relief move. Of course the upside prefers the relief move to continue and that the Tuesday low be the low to test, not to take out still.

Earnings dominate the news feed today though jobless claims are out and at 221K are at decades lows. What is new? Been that way for years now and there are still over 90M working age people, out of 320M total, not working.


Beats: TWTR; REGN; CVS; TSLA; ALL

Misses: YUM (TL); Vacom (TL); TMUS (TL)

Warnings: TTWO


OTHER MARKETS
Bonds: 2.855% vs 2.783. Bonds sell off again after a Wednesday bounce

EUR/USD: 1.2265 vs 1.2273

USD/JPY: 109.65 vs 109.33

Oil: 61.15, -0.64

Gold: 1314.60, 0.00


Futures continue moving upside toward the open. With this volatility that may mean nothing, but the weak close Wednesday along with the afterhours and premarket early weakness giving way to upside shows bids returned and have the capability to keep the relief move relieving the selling so to speak.

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