GOIH Capital Markets: Market Overview---GM Settlement with UAW.

Our indicators indicate the market to open higher today due to the labor settlement with GM and the UAW. GM should trade up strong today on lower future cost. We are reentering GM in the premarket at $36.45 for 200,000 shares. We see the markt selling off after the GM news is absorbed into the trading models.


The durable goods orders were lowered than expected as we predicted. Durable goods included stove, refrigs, large appliances and other purchases typically associated with home purchases. With new home sales down and both Home Depot (HD) and Lowes (LOW) reporting lower sales, the durable goods order was destined to be lower.


Apple remains strong on a new price target of $181 by Wall St.