Market Alert - Pre-Market

Futures vs FV: SP +0.49; DJ flat; NASDAQ +9.67

Sluggish all night and all morning, rising some in the past hour to mostly flat. Not a lot of news and the drift from nowhere is still up, albeit slightly this morning.

FOMC Minutes: today at 2:00ET and we get more of a view as to where the various members stand in terms of hikes, balance sheet reduction.


Trade: no real word from the talks. Chinese paper (read Chinese government) says that the US is under pressure to make a deal because the lack thereof would be 'catastrophic' for markets. Yes, the Chinese markets that have been rebounding the past week in anticipation (read hope) of a deal.


Earnings beats: GRMN, OC, CDNS

Misses: CVX (TL); GCI (TL, BL); WWW (TL); HLF (TL)

Downgrades: LUV


TSLA: Musk tweets bogus production numbers, retracts hours later, and just a few hours after that the GC quits -- after being at the job just 2 months. Hello? SEC? Is anyone there?


UBS: France fines the company $5.1B for tax evasion.


OTHER MARKETS
Bonds: 2.643% versus 2.641%

EUR/USD: 1.1337 vs 1.1342

USD/JPY: 110.78 vs 110.61

55.63, -0.46

Gold; 1346.00, +1.20. Approaching the resistance at the top of the range.


The slowed move toward the next resistance is more or less on pause this morning, though the indices have improved off of lows -- modest lows. For now the anticipation of trade deals keeps a bid in the market. There are also quite a number of good and improving patterns, and that remains a positive.

______________________________________
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