Bulls Ready to Make Their Move ?

Investor’s first readDaily edge before the open
DJIA: 17, 949
S&P 500: 2,097
Nasdaq  Comp.:5,014
Russell 2000:    1,264
Wednesday, April 22, 2015   9:11 a.m.

CONCLUSION:

    Pre-open futures trading suggests a mixed market at the open favoring the bulls.

     My technical analysis of each  of the 30 DJIA stocks indicates a reasonable risk to 17,687, with a more extreme risk to 17,500, but a near-term upside of DJIA 18,157 The upside begins to  hit resistance 18,157.

     A push by the bulls today would challenge the April highs of DJIA 18,169, S&P 500: 2,111; Nasdaq Comp.: 5,024.

      The DJIA, S&P 500, the Nasdaq Comp.  are still 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). A breakout on the upside in face of numerous negatives would be very bullish.

     With the exception of the Russell 2000, the three major market averages have failed on three attempts to breakout since early February, so easy does it !

 KEY EXTERNAL FACTORS: 

Greece is again at risk of default.

-Yemen chaos may be cooling.

-Stock market bubble – China

-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:

Stock prices continue to be buffeted by a host of issues each having a major impact on stock prices at different times. These include the Fed, Q1 earnings, the Mid-East, economies here and abroad. All this is taking place near-term volatility within a three month trading range of   DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115; and Nasdaq Comp.: 4,845 – 5,040).

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 in keeping with their tolerance for risk

 

 

Burden of Proof Swings to Bears

Investor’s first read Daily edge before the open

DJIA: 18,034
S&P 500: 2,100
Nasdaq  Comp.:4,994
Russell 2000:    1,264
Tuesday, April 21, 2015   9:11 a.m.

CONCLUSION:

    Pre-open futures trading suggests a rise at the open.

     My technical analysis of each  of the 30 DJIA stocks indicates a reasonable risk to 17,687, with a more extreme risk to 17,500. The upside begins to  hit resistance 18,157; S&P 500: 2,111; Nasdaq Comp.: 5,024

     Market  will try to top the April highs of DJIA 18,169

 KEY EXTERNAL FACTORS: 

Greece is again at risk of default.

-Yemen chaos.

-Stock market bubble – China

-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:

Stock prices continue to be buffeted by a host of issues each having a major impact on stock prices at different times. These include the Fed, Q1 earnings, the Mid-East, economies here and abroad. All this is taking place near-term volatility within a three month trading range of   DJIA 17,600 – 18,200; S&P 500: 2,040 – 2,115; and Nasdaq Comp.: 4,845 – 5,040).

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 in keeping with their tolerance for risk

 

Rally at Open Must Hold

Investor’s first read Daily edge before the open

DJIA: 17,826
S&P 500: 2,081
Nasdaq  Comp.: 4,931
Russell 2000:    1,251
Monday, April 20, 2015   8:57 a.m.

CONCLUSION:

    Friday’s message was to track the bull’s reaction to selling that showed up prior to the open.  The bulls had been buyers on dips over the last two weeks. A continuance of that pattern  would give  all-time highs a chance in coming weeks.  A no-show would signal a change in  sentiment and a decline to a “comfort” level.

    The DJIA lost 357 points (intraday) by early afternoon, but managed a rally in the final hour of trading. Stability, or a  follow through to yesterday’s  late-day bounce is critical.

    Pre-open futures trading suggests a rise at the open

    The villain this time is Greece’s debt problems, but mixed Q1 earnings and economic reports didn’t help. A potential bubble burst in China’s stock market added some angst along with Yemen’s problems and a spurt in crude oil prices.

    On the positive, is that all these issues suggest the Fed may be slow to raise interest rates. 

    The DJIA, S&P 500, the Nasdaq Comp.  remain 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).

     My technical analysis of each  of the 30 DJIA stocks indicates a reasonable risk to 17,687, with a more extreme risk to 17,500.

Today’s “minor” support: DJIA: 17,785; S&P 500: 2,076 ;  Nasdaq Comp.:4,920  

Those levels must hold or the market will test March support  generally at DJIA 17,580 (S&P 500: 2,050; Nasdaq Comp.: 4,860)

    KEY FACTORS: 

Greece is again at risk of default
-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:

A rebound in oil prices is a new uncertainty for the Street to adjust to. Expect the three month trading range to be resolved on the upside or downside within three weeks and the move beyond those borders can be dramatic. Least expected is a plunge.

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 in keeping with their tolerance for risk

Big Test for Bulls

Investor’s first read Daily edge before the open

DJIA: 18,105
S&P 500: 2,104
Nasdaq  Comp.:5,007
Russell 2000:    1,271
Friday, April 17, 2015   9:07 a.m.

CONCLUSION:

   An assault on the all-time highs of

(DJIA 18,288; S&P 500: 2,119; Nasdaq Comp.: 5,042 will have to wait, as sellers were there  to stop the market in its tracks yesterday after a strong mid-day rally. The Russell 2000 hit a new high on Wednesday, but failed to follow through yesterday.  

   Today’s support is DJIA: 18,025; (S&P 500:2,094; Nasdaq Comp.: 4,965).

   Bear in mind the DJIA, S&P 500, the Nasdaq Comp.  are still 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 bulls had their shot, now it’s the bears turn.

    We should get a good read of how strong the bulls are by their reaction to selling in early trading today.

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:

A rebound in oil prices is a new uncertainty for the Street to adjust to. Expect the three month trading range to be resolved on the upside or downside within three weeks and the move beyond those borders can be dramatic. Least expected is a plunge.

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.

 

 

 

 

 

 

 

Trading Range to be Resolved Shortly

Investor’s first read Daily edge before the open

DJIA: 18,112
S&P 500: 2,106
Nasdaq  Comp.:5,011
Russell 2000:    1,275
Thursday, April 16, 2015   9:07 a.m.

CONCLUSION:
  An assault on the all-time highs of

(DJIA 18,288; S&P 500: 2,119; Nasdaq Comp.: 5,042 will have to wait, as sellers are there ahead of the open. The Russell 2000 hit a new high yesterday.  

   Today’s support is DJIA: 17,952  (S&P 500: 2,089; Nasdaq Comp.: 4,965).

   Bear in mind the DJIA, S&P 500, the Nasdaq Comp.  are still 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). If this trading range is to be resolved on the upside the bulls need to step in this week and run  the markets at least above yesterday’s close (see above).

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:

A rebound in oil prices is a new uncertainty for the Street to adjust to. Expect the three month trading range to be resolved on the upside or downside within three weeks and the move beyond those borders can be dramatic. Least expected is a plunge.

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.

 

 

 

 

 

 

Street Awaits Q1 Earnings – Bulls have Edge

Investor’s first readDaily edge before the open

DJIA: 18,036
S&P 500: 2,095
Nasdaq  Comp.:4,977
Russell 2000:    1.265
Wednesday, April 15, 2015   9:09 a.m.

CONCLUSION:

   A strong open today would set the stage for an assault on the March highs

(DJIA 18,205; S&P 500: 2,114; Nasdaq Comp.: 5,042; Russell 2000: 1,268).

   Today’s support is DJIA: 18,016  (S&P 500: 2,094; Nasdaq Comp.:4,972). The market rebounded from selling at the open yesterday indicating buyers, are lurking in the wings. 

   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).

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 major market averages (DJIA, S&P 500, Nasdaq Comp.) have been in a sideways trading range since early February. The small company Russell 2000 has been in an uptrend during this period, indicating a preference for greater risk.

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.

 

 

 

 

 

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.