Again – The Bulls Need to Follow Through

Investor’s first readDaily edge before the open

DJIA: 17,9761
S&P 500: 2,086
Nasdaq  Comp.:4,947
Russell 2000:    1,257
Tuesday, March 31, 2015   9:11 a.m.

CONCLUSION:

After solid gains in the DJIA and S&P 500 yesterday, the market has recouped two-thirds of last week’s sharp losses. But today’s market will open lower. This looks more like a consolidation than a top formation.

Today’s Support is  DJIA 17,852 (S&P 500: 2,076; Nasdaq Comp.: 4,918)

Watch for buyers jumping on early weakness as a signal of a near-term attack on the upper end of the Feb./Mar. trading range of DJIA 17,600 – 18,200 (S&P 500: 2,040 – 2,115).
Looks like the Street is opting for more risk; speculation in small company stocks not far behind.

KEY FACTORS: 
-The Fed and it’s first bump up in interest rates.

Concern that the U.S. economy is beginning to slump.
COMMENTS:
I really think the Street is stumped, bullish one day, bearish the next. That spells more risk, than reward except for the most nimble trader !!

 

George Brooks

Investor’s first read

A Game-On Analysis, LLC publication

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Note: I discontinued my daily – before – open publishing of Investor’s first read on November 5, 2014, after 6 years (1.600 posts).  Future publishing will be on a less frequent basis and not always before the market opens. In the interim, I will publish as I see necessary as I craft a new format.

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Investor’s first read, is a Game-On Analysis, LLC publication for which George Brooks is sole owner, manager and writer.  Neither Game-On Analysis, LLC, nor George  Brooks  is  registered as an investment advisor.  Ideas expressed herein are the opinions of the writer, are for informational purposes, and are not to serve as the sole basis for any investment decision. References to specific securities should not be construed  as particularized or as investment advice as recommendations that you or any investors purchase or sell these securities on their own account. Readers are expected to assume full responsibility for conducting their own research pursuant to investment decisions in keeping with their tolerance for risk.

 

 

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