{"id":474,"date":"2009-05-08T06:30:56","date_gmt":"2009-05-08T11:30:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=474"},"modified":"2009-05-08T06:30:56","modified_gmt":"2009-05-08T11:30:56","slug":"before-the-open-44","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=474","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Friday.
\nThe stress tests were officially released yesterday after the close. The futures market has reacted favorably to them. Just prior to the 8:30 am release of the unemployment report, the S&P futures were up about 12.5, matching yesterday\u2019s loss.
\nThe Nas is currently on an 8-week winning streak. It\u2019ll have to move up 3 points today to continue the streak. The S&P is on a 7 of 8 winning streak which will turn into 8 of 9 baring a total bloodbath today.
\nOverall it\u2019s been a good week. Strength Monday and Wednesday\u2026some selling pressure yesterday. The higher highs and higher lows continue; the intermediate term up trend continues. The Russell is almost 50% off its Mar low; the S&P is almost 40%. In the grand scheme of things, I consider this a bear market rally, but as I\u2019ve stated numerous times \u2013 and as has been obvious by the great number of stocks on the LB long list and the empty short list \u2013 I\u2019m not going to try and guess a top. If the market wants to go up, by all means, let it go. If you\u2019re bullish (I have been and am in the intermediate term), ride it for everything it\u2019s worth. If you\u2019re bearish, be patient. You should be thrilled at the prospects of shorting at a higher level.
\nThe unemployment report has caused some selling in the futures market, but the futures market still indicates a large gap up today. This of course could change by the opening bell.
\nHere\u2019s the daily SPX. My first target (925) has been hit.
\n
\nIt\u2019s been a great week\u2026lots of solid breakouts. Lighten up before the weekend.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch MarketWatch<\/a><\/a>
\nupgrades\/downgrades<\/a> from breifing.com
\nearnings & economic releases<\/a> from LeavittBrothers.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Friday. The stress tests were officially released yesterday after the close. The futures market has reacted favorably to them. Just prior to the 8:30 am release of the unemployment report, the S&P futures were up about 12.5, matching yesterday\u2019s loss. The Nas is currently on an 8-week winning streak. It\u2019ll have to […]<\/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\/474"}],"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=474"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/474\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=474"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}