Q1 Earnings – Reward and Punishment

Investor’s first read Daily edge before the open

DJIA: 17,977
S&P 500: 2,092
Nasdaq  Comp.:4,988
Russell 2000:    1,265
Tuesday, April 14, 2015   9:07 a.m.

CONCLUSION:

   The uncertainty that accompanies quarterly earnings reports will dominate the stock market in coming weeks. Report periods can be hazardous, since stocks can be punished even with a report that “beats” projections.

   Today’s support is DJIA: 17,906  (S&P 500: 2,086; Nasdaq Comp.:4,963).

   The Bulls have a shot at March highs of DJIA 18,205; S&P 500: 2,114; Nasdaq Comp.: 5,042; Russell 2000: 1,268, but selling like that which hit the market yesterday can be expected to increase as the market enters levels that  stopped the market in March.

   Bear in mind the DJIA, S&P 500, the Nasdaq Comp.  are locked in a three month trading range  (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115; Nasdaq Comp.: 4,845 – 5,040). The smaller company index (Russell 2000) is more upbeat, and in fact rose yesterday when the DJIA, S&P and Nasdaq declined, c suggesting the Street is seeking greater risk. 

KEY FACTORS: 

-Q1 earnings for some companies will suffer from U.S. dollar’s strength and plunge in oil prices.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

There is a lot of money being  shifted around, options written/exercised , tape painting and outright manipulation of stock prices to contend with. Sounds like, looks like, and acts like  …… a casino. But, it is what it is, and that is why “timing” is critical.   

     Short-term investors can get chewed up  by  tight volatility and whipsaw. Longer term investors, who position themselves tactically are rewarded, that is until a nasty break slashes paper gains, a bear market wipes them out all together.  This suggests the need for  profit taking along the way and a cash reserve of 20%.

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.

George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

 

 

 

 

Market at Mercy of Q1 Earnings Reports

Investor’s first read Daily edge before the open

DJIA: 18,057
S&P 500: 2,102
Nasdaq  Comp.:4,995
Russell 2000:    1,264
Monday, April 13, 2015   9:07 a.m.

CONCLUSION:

   The uncertainty that accompanies quarterly earnings reports will dominate the stock market in coming weeks. Report periods can be hazardous, since stocks can be punished even with a report that “beats” projections.

    How so ?  Because this is isn’t always about fundamentals, as it is about big money maneuvering and lots of  stock manipulation and tape painting.  I see a lot of attractive chart patterns marred by unexpected gaps down, where it appears a plug is pulled for no good reason.  This is referred to “shaking the tree” to rid the stock of potential sellers (overhead supply), which enables it to be run up more easily in the future.

   Today’s support is DJIA 18,031 (S&P 500: 2,100; Nasdaq Comp.: 4,992).

   The Bulls have a shot at March highs of DJIA 18,205; S&P 500: 2,114; Nasdaq Comp.: 5,042; Russell 2000: 1,268, but selling can be expected to increase as the market enters levels that  stopped the market in March.

   Bear in mind the DJIA, S&P 500, Nasdaq Comp.  are locked in a three month trading range  (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115; Nasdaq Comp.: 4,845 – 5,040). The smaller company index (Russell 2000) is more upbeat, suggesting the Street is seeking greater risk. 

KEY FACTORS: 

-Q1 earnings for some companies will suffer from U.S. dollar’s strength and plunge in oil prices.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

     The Street is so addicted to a Fed decision on interest rates, other analytic yardsticks appear to have little significance.       Bad news is welcome, since it suggests a delay in a rise in interest rates from zero to zero-plus-a-smidge.  Bad is good ?  What kind of silliness is that ?

     Even so, once a rate hike is announced, odds favor a brief plunge followed by a strong rally.

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.

George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

 

 

 

Bulls Trying to Break Through to New Highs

Investor’s first read Daily edge before the open

DJIA: 17,958
S&P 500: 2,091
Nasdaq  Comp.: 4.974
Russell 2000:    1,259
Friday, April 10, 2015   8:46 a.m.

CONCLUSION:

   Q1 earnings reports will flow this month; for companies tied to energy and the U.S. dollar, they won’t read well.  So far, the Street is not alarmed, it remains focused on when the Fed will ease out of its zero-based, interest rate policy and raise rates.

    But quarterly report periods can be hazardous, even for companies that “beat” estimates, so beware.

   Today’s support is DJIA 17,921 (S&P 500: 2,086; Nasdaq Comp.: 4,961).

While not firing on all cylinders, the Bulls now have a shot at March highs of DJIA 18,338; S&P 500: 2,114; Nasdaq Comp.: 5,042; Russell 2000: 1,268.

     Bear in mind the DJIA, S&P 500, Nasdaq Comp.  are locked in a three month trading range  (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115; Nasdaq Comp.: 4,845 – 5,040). The smaller company index (Russell 2000) is more upbeat, suggesting the Street is seeking greater risk. 

     Selling can be expected to increase as the market enters a level that has stopped prices twice in March.   

KEY FACTORS: 

Private sector employment (new hires) reported Friday plunged to 129,000 in March from 210,000 in February (revised). 

-Economic  indicators reported last week were mixed.

-Q1 earnings for some companies will suffer from U.S. dollar’s strength and plunge in oil prices.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

     The Street is so addicted to a Fed decision on interest rates, other analytic yardsticks appear to have little significance.  The Street reminds me of a pedestrian  trying to cross a  busy street. It looks first one way, then the other way, then back again, then….

     Bad news is welcome, since it suggests a delay in a rise in interest rates from zero to zero-plus-a-smidge.  Bad is good ?  What kind of silliness is that ?

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

 

 

Nasdaq and Russell 2000 Lead

Investor’s first readDaily edge before the open

DJIA: 17,902
S&P 500: 2,081
Nasdaq  Comp.: 4,950
Russell 2000:    1,262
Thursday, April 9, 2015   7:40 a.m.

CONCLUSION:

    Yesterday’s surge was turned back  at the levels I said the bulls needed to overcome (DJIA: 18.010; S&P 500: 2,090; Nasdaq Comp.: 4,950).

   While the market rebounded from critical support Monday, it failed to follow through yesterday and remains contained within  its Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115   

Today’s support is DJIA 17,87 (S&P 500: 2,078; Nasdaq Comp.: 4,946). The Bulls must still break market above DJIA: 18,010; S&P 500: 2,090; Nasdaq Comp.: 4,950.

   

KEY FACTORS: 

Private sector employment (new hires) reported Friday plunged to 129,000 in March from 210,000 in February (revised). 

-Economic  indicators reported last week were mixed.

-Q1 earnings for some companies will suffer from U.S. dollar’s strength and plunge in oil prices.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

     The Street is so addicted to a Fed decision on interest rates, other analytic yardsticks appear to have little significance.  The Street reminds me of a pedestrian  trying to cross a  busy street. It looks first one way, then the other way, then back again, then….

     Bad news is welcome, since it suggests a delay in a rise in interest rates from zero to zero-plus-a-smidge.  Bad is good ?  What kind of silliness is that ?

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.


George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

 

So Close to a Breakout Up or Down

Investor’s first readDaily edge before the open

DJIA: 17,875
S&P 500: 2,076
Nasdaq  Comp.:4,910
Russell 2000:    1.253
Wednesday, April 8, 2015   9:08 a.m.

CONCLUSION:

    Yesterday’s surge was turned back  at the levels I said the bulls needed to overcome (DJIA: 18.010; S&P 500: 2,090; Nasdaq Comp.: 4,950).

   While the market rebounded from critical support Monday, it failed to follow through yesterday and remains contained within  its Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115   

Today’s support is DJIA 17,817 (S&P 500: 2,069; Nasdaq Comp.: 4,892). The Bulls must still break market above DJIA: 18,010; S&P 500: 2,090; Nasdaq Comp.: 4,950.  

KEY FACTORS: 

Private sector employment (new hires) reported Friday plunged to 129,000 in March from 210,000 in February (revised). 

-Economic  indicators reported last week were mixed.

-Q1 earnings for some companies will suffer from U.S. dollar’s strength and plunge in oil prices.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

     The Street is so addicted to a Fed decision on interest rates, other analytic yardsticks appear to have little significance.  The Street reminds me of a pedestrian  trying to cross a  busy street. It looks first one way, then the other way, then back again, then….

     Bad news is welcome, since it suggests a delay in a rise in interest rates from zero to zero-plus-a-smidge.  Bad is good ?  What kind of silliness is that ?

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

Two-Tier Market – Small Companies to Dominate ?

Investor's first read an edge before the open

DJIA: 17,880
S&P 500: 2,0662,080
Nasdaq  Comp.: 4,8864,917
Russell 2000:    1,260
Tuesday, April 7, 2015   9:09 a.m.

CONCLUSION:

   The market successfully tested critical support yesterday and rebounded impressively to keep its Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115) intact, now setting the stage for an upside breakout.  The Nasdaq Comp. is positive, but  the small company Russell 2000 is close to an upside breakout confirming my conclusion that the Street is opting for greater risk.

    Today’s support is DJIA 17,847 (S&P 500: 2,076; Nasdaq Comp.: 4,906). The bullish case improves with a break above DJIA: 18,010; S&P 500: 2,090; Nasdaq Comp.: 4,950.  

KEY FACTORS: 

Private sector employment (new hires) reported Friday plunged to 129,000 in March from 210,000 in February (revised). 

-Economic  indicators reported last week were mixed.

-Q1 earnings for some companies to suffer from U.S. dollar’s strength and plunge in

  oil prices. Impact could be felt for at least two quarters for some companies.
-Market still keyed on the Fed and it’s first bump up in interest rates, which with a slight softening in recent economic reports looks like it may happen later rather than sooner.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

The Street is in a quandary and doesn’t  know what to do. Earnings suck, international economies are on the verge of a serious recession, the Street welcomes bad economic news here, so the Fed won’t raise interest rates any time soon, but where else can one put their money ?  It all smacks of great opportunity, but also great risk,  It is what it is, so we must deal with it.  IMHO, there is an enormous amount of outright manipulation of stock prices and earnings period is where a lot of it takes place. Q1 earnings will soon be reported  –  #@*&))#

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.
George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

Critical Dow/S&P Support to Be Tested

Investor’s first readDaily edge before the open

DJIA: 17,763
S&P 500: 2,066
Nasdaq  Comp.: 4,886
Russell 2000:    1,255
Monday, April 6, 2015   9:08 a.m.

CONCLUSION:

     How will the Street take news Friday that the new hires jobs report for March came in well below projections ?  Is the economy beginning to weaken ?  If so will the market get whacked by selling, as pre-market futures today suggest ?

     Then too, indications that the economy is slumping increase the odds that the Fed won’t raise interest rates anytime soon ?  The Street has repeatedly considered that bullish.

     The market  continues to be locked in its Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115).  The Nasdaq Comp. is struggling, but  the small company Russell 2000 remains buoyant confirming my conclusion that the Street is opting for greater risk.

    Today’s support is DJIA 17,650. Breaking that 17,600 comes into play, and that is an “iffy” support. Bulls need to step in NOW to prevent a breakdown. S&P 500 must hold above 2,040.
     It would be very bullish if the market rebounds before 11:00 and closes at its high for the day.

 KEY FACTORS: 

Private sector employment (new hires) reported Friday plunged to 129,000 in March from 210,000 in February (revised). 

-Economic  indicators reported last week were mixed.
-Market still keyed on the Fed and it’s first bump up in interest rates.

Concern that the U.S. economy is beginning to slump.

COMMENTS:

The Street is in a quandary and doesn’t  know what to do. Earnings suck, international economies are on the verge of a serious recession, the Street welcomes bad economic news here, so the Fed won’t raise interest rates any time soon, but where else can one put their money ?  It all smacks of great opportunity, but also great risk,  It is what it is, so we must deal with it.  IMHO, there is an enormous amount of outright manipulation of stock prices and earnings period is where a lot of it takes place. Q1 earnings will soon be reported  –  #@*&))#

Note: Source of economic data

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.


George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

Key Day !!

Investor’s first readDaily edge before the open

DJIA: 17,763
S&P 500: 2,066
Nasdaq  Comp.:4,886
Russell 2000:    1,255c
Friday, April 3, 2015   8:58 a.m.

CONCLUSION:
How will the Street take news this morning that the new hires jobs report for March came in well below projections ?  Is the economy beginning to weaken ? If so will they sell ?

But, wait a minute.  Doesn’t this increase the odds that the Fed won’t raise interest rates anytime soon ?  The Street has repeatedly considered that bullish.

The market  continues to be locked in its Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115).  The Nasdaq Comp. is struggling, but  the small company Russell 2000 remains buoyant confirming my conclusion that the Street is opting for greater risk.  New Highs in the Russell are possible in coming days.

Today’s support is DJIA 17,650. Breaking that 17,600 comes into play. Bulls need to step in NOW to prevent breakdown. S&P 500 must hold above 2,040.
It would be very bullish if the market rebounds before 11:00 and closes at its high for the day.

 KEY FACTORS: 

Mortgage apps and refi’s were up sharply in the 3/27 week, which bodes well for this summer’s real estate season.

-ADP Employment tanked in March with 189,000 new hires vs projected 240,000. Private sector employment (new hires) reported today plunged to 129,000 in March from 210,000 in February (revised).  

-Other economic indicators reported Wednesday were mixed.
-The Fed and it’s first bump up in interest rates.

Concern that the U.S. economy is beginning to slump.

COMMENTS:
All these seven-figure guys on Wall Street don’t know what to do. Earnings suck, international economies are on the verge of a serious recession, the Street welcomes bad economic news here, so the Fed won’t raise interest rates any time soon, but where else can one put their money ?  It all smacks of great opportunity, but also great risk,  It is what it is, so we must deal with it.  IMHO, there is an enormous amount of outright manipulation of stock prices and earnings period is where a lot of it takes place. Q1 earnings will soon be reported.  

Note: Source of economic data
For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.

George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

Small Caps Heating Up

Investor’s first readDaily edge before the open

DJIA: 17,696
S&P 500: 2,059
Nasdaq  Comp.:4,880
Russell 2000:    1,251
Thursday, April 2, 2015   9:02 a.m.

CONCLUSION:

Yesterday’s plunge took the DJIA and S&P 500 down to the lower end of the Feb. – Mar.  consolidation range (DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115), but a rebound shortly after the open stabilized prices, heading off a breakdown. The Nasdaq Comp. also rebounded early in the day but the small company Russell 2000 remained solidly in an uptrend confirming my conclusion that the Street is opting for greater risk.  New Highs in the Russell are likely this week or early next as is a rebound in the other three market averages.

Today’s support is DJIA 17,653; S&P 500: 2,055; Nasdaq Comp. 4,862c.

Today’s resistance is 17,801; S&P 500: 2,073; Nasdaq Comp.:4,906.

 KEY FACTORS: 

Mortgage apps and refi’s were up sharply in the 3/27 week, which bodes well for this summer’s real estate season.

-ADP Employment tanked in March with 189,000 new hires vs projected 240,000.

-Other economic indicators reported Wednesday were mixed.
-The Fed and it’s first bump up in interest rates.

Concern that the U.S. economy is beginning to slump.

For a weekly economic calendar and good recap of  indicators, go to mam.econoday.com.


George Brooks

Investor’s first read

A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.

 

 

 

 

 

Big Move Imminent ?

Investor’s first readDaily edge before the open

DJIA: 17,776
S&P 500: 2,067
Nasdaq  Comp.:4,900
Russell 2000:    1,252
Wednesday, April 1, 2015   9:11 a.m.

CONCLUSION:

Yesterday’s plunge suggests the market continues to be locked in a consolidation pattern (DJIA 17,600 – 18,200) with the potential of a major move of 600 DJIA points either way beyond those limits.

Watch for a big move today.  A rebound before 11:30 suggests the bulls have it. Break below DJIA 17,600 (S&P 500: 2,040) – a bad omen.

Bulls may be encouraged  by the soft ADP employment numbers, since they suggest a Fed interest rate hike is not happening soon.

 KEY FACTORS: 

Mortgage apps and refis were up sharply in the 3/27 week.

-ADP Employment tanked in March with 189,000 new hires vs projected 240,000.
-The Fed and it’s first bump up in interest rates.

Concern that the U.S. economy is beginning to slump.
COMMENTS:

Hang on, market can make a big move shortly.
George Brooks

Investor’s first read

A Game-On Analysis, LLC publication

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 

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.