Title: Market Analysis with John Morris

" The dollars dollar 53%. Since March that's when -- a twelve year low of about 6500. Here's a look at the major indexes the Dow Jones Industrial Average closed at nearly 10016. Gaining almost a 145 points about one and a half percent. The Nasdaq Composite closed Detroit went 72 climbing 321. And a half percent. The S&P 500 ends at ten by the two rising not nearly nineteen almost two."

" Percent. Market analysis tonight John Morris is managing partner at crest would investors these in the newsroom this evening hi John. Parity thanks for coming by a lot of attention on the Dow today but look a little deeper into the numbers this was pretty broad base today. Good broad based rally here really prompted by the Intel numbers last say in follow through from JPMorgan today. Really took folks off the sidelines that really -- compelled to put cash to work in this is a lot institutional money we've got a lot of things moving around here a lot of anticipation a good earnings going forward. So we'll be keeping a very close Imus over the next two weeks how much of this advance this rally is about momentum and how much of it is about real fundamentals supporting. -- that's a great question because with a lot there is a lot of momentum here no question about it but there's also an opportunity for margin expansion -- a lot of these companies have cut their. If operating expenses to the bone so there's really an opportunity. You know personal accounts from a year ago or so low so they can beat those and then there's an opportunity to grow their revenue -- who were really start to see that the question is with the backdrop being so difficult. Unemployment housing so and so forth. Lack of capital expenditures in the commercial marketplace we do still have had -- and that's we need to be careful about as investors so is this sustainable or to receive profit -- we should see some profit taking here and may not be immediately but we expect through earnings season and we start to see some profit taking because that the market does has anticipated -- very significant recovery here it's unlikely with the backdrop that we've been discussing and is seen. That would this will be sustainable for a period of time so particular high dated. Names that have really moved very very quickly we should see some pullback also with -- and his background and the receive the numbers for JPMorgan and Intel retail sales today. They're good at number on the retail sales -- the the autos which did so poorly down 35% for the month what we see retailers picking up up by half of 1%. Yes there's some improvement there I think we're seeing month after month that gradual improvement and that's encouraging because the consumer needs to be spending in order to support GDP growth in the oil patch oil 75 dollars a barrel to them. As is significant for a couple reasons one it's it's a very very long for sustained rally we're now seeing in oil. But also with the weakness in the dollar and as we know commodities are traded in dollars throughout the world. Including oil so we're seeing rising prices there but also the anticipation of increased global economic activity. And whether this is sustainable well we'll see. Looking ahead to the rest of the week we'll have more earnings reports and options expire on Friday. You know with options expiration we're sure to see a lot of so volatility here over the next few days -- but then also we do have some very significant earnings we've got to. Goldman Sachs Google GE apple of course next week. So will really get a very good look into what these companies are doing and how they're executing and what they're what they see for the future and in revenue and and in their sales. We should be very important gauge for investors and how we place capital going forward for the moment take ten K and -- it right. Enjoy it. John boards for the files from crest would advisers to thanks John thanks."