Market Alert - Pre-Market

Futures vs FV: SP -2.73; DJ -23.67; NASDAQ -20.75

Futures trading lower in a narrow range every since the open. Trying to catch a bid heading toward the open -- showing signs of interested bids so could see the softer open turn into some buying.

Causes for the softness? The 'usual.'

Trade: Friday Trump said he was ready to go with the $200B in tariffs, talks or no talks. Of course China says that puts the possible new trade talks in doubt. As if they were not in doubt already.

China says it won't be just defensive in a US trade war. Oh my.

Trump: Jobs and dollars 'flowing' back to the US. If countries don't trade fair with the US they will be 'tariffed!'


New York Empire PMI: 19.0 vs 23.0 exp vs 25.6 August.
Prices paid at a 76 month high.
Expectations lowest since April.


Upgrades: AMZ; BBBY; LULU


KO: Reports KO is partnering with another company (Aurora Cannabis) to produce cannabis infused drinks. Things go better with Coke . . .


OTHER MARKETS
Bonds: 3.014% vs 3.00%

EUR/USD: 1.168 vs 1.1628

USD/JPY: 111.96 vs 112.04

Oil: 69.47, +0.48

Gold: 1203.30, -2.20


Softer open no doubt but stocks showing a bit of bid as the opening bell approaches. Could be the old 'softer open in an uptrend leads to bids' situation. By the way, this week is FOMC rate decision week with an expected +25BP after the meeting.

______________________________________
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