{"id":3080,"date":"2010-05-28T07:28:25","date_gmt":"2010-05-28T12:28:25","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3080"},"modified":"2010-05-28T07:28:25","modified_gmt":"2010-05-28T12:28:25","slug":"before-the-open-may-28","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=3080","title":{"rendered":"Before the Open (May 28)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday.<\/span><br \/>\n<span style=\"font-size: medium;\">The world markets are up again. Virtually every index in Asia\/Pacific closed up and Europe is posting small gains. Futures here in the States point towards a gap up open for the cash market.<!--more--> This comes off an extremely strong day where 1472 of the S&amp;P 1500 advanced while only 25 declined. Check out the following stats&#8230;<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/close052810.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The first column is the number of S&amp;P 1500 stocks closing in the top 20% of their intraday range. The second is the number closing in the bottom 20%. We&#8217;ve had a close at an extreme for six consecutive days. This is not common.<\/span><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s an update of the 15-min. The S&amp;P is into its May 20 gap down but not exactly surging through it. The next resistance level is somewhere between 1110 &amp;  1120. After that, 1140. <\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx052810.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">And a quick look at the weekly. It doesn&#8217;t look too bad.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx052810-2.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The market is closed Monday. Will anyone (shorts or longs) flinch today ahead of the 3-day weekend? We&#8217;ll see. Longer term I think the market makes new lows, but in the near term, anything goes.<\/span><br \/>\n<span style=\"font-size: medium;\">Go Blackhawks!!!<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3060\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3062\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. The world markets are up again. Virtually every index in Asia\/Pacific closed up and Europe is posting small gains. Futures here in the States point towards a gap up open for the cash market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3080"}],"collection":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3080"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3080\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3080"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}