Street Opting for Greater Risk

Investor’s first readDaily edge before the open

DJIA: 17,712                                   

S&P 500: 2,061

Nasdaq  Comp.:4,891

Russell 2000:    1,240

Monday, March 30, 2015   9:11 a.m.

CONCLUSION:

Pre-open futures activity indicates strong open.

Today’s resistance starts at DJIA 17,873 (S&P 500: 2,076; Nasdaq Comp.: 4.926)

No room for a rally failure here.

KEY FACTORS:

  • The Fed.  This has been around forever, but at some point the Street will decide the rise in interest rates is imminent and take stocks down to a comfort level after which odds favor a big rally.
  • A sudden weakening in the economy (alternating good and so-so numbers likely to continue.
  • Unexpected international development (Russian invasion Ukraine).

COMMENTS:

Strength today can lock in a consolidation pattern that started in early February between DJIA 17,600 and 18,200 (S&P 500: 2,040 and 2,115).

Russell 2000 marches to a different drumbeat and is in a solid uptrend suggesting the Street is looking for bigger gains in small stocks.

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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