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Tuesday, August 21, 2018

Market Alert - Pre-Market

Futures vs FV: SP+4.95; DJ +50.31; NASDAQ +22.84

Futures up early, rose to 7:00ET, faded some but holding gains. News? None. Very quiet before the FOMC minutes, ECB, etc.

Dollar: lower as Trump criticized the Fed and Powell, called China and EU currency manipulators. Did he leave anyone out? Not sure but he will likely get to them if he did.

Foreclosures: UP for the first time in 3 years with 4.4% of the markets reporting a rise. Small amount, but interesting nonetheless.

KSS: Beat handily on earnings


OTHER MARKETS
Bonds: 2.835% vs 2.819%

EUR/USD: 1.1511 VS 1.1487

USD/JPY: 110.33 VS 109.92

Oil 67.65, +1.20

Gold: 1197.10, +2.50


Futures are bouncing into the open for a record bull market. We will see how it holds.

______________________________________
Jon Johnson, Chief Market Strategist
InvestmentHouse.com

Alert Key
http://www.investmenthouse.com/alertkey.htm

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