{"id":481,"date":"2009-05-12T06:30:04","date_gmt":"2009-05-12T11:30:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=481"},"modified":"2009-05-12T06:30:04","modified_gmt":"2009-05-12T11:30:04","slug":"before-the-open-51","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=481","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Tuesday.<br \/>\nOver the last 16 days, the market has moved up 8 days and moved down 8 days. The longest winning streak has been two; the longest losing streak has been 2. Since the up days have been bigger than the down, the SPX net change over this time has been +40 points. Individual groups have taken turns tacking on big gains, but the indexes have been grinding. It\u2019s a little frustrating to not get any follow through because it seems we have to seat on the edge of our seat every day. Every dip gets bought, but every other day we have to wonder if this will remain the case.<br \/>\nHere\u2019s the daily SPX. A break of support doesn\u2019t mean the uptrend will immediately end and the low retested soon after. The market could easily move sideways in a range before making its next move. Right now, I see no reason to guess when a top will be put in place. The bears keep trying, and that\u2019s one reason the market keeps making new highs.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx051209.png\"><br \/>\nThe semis were weak last Thursday and Friday. The banks needed a break after practically going vertical last week. Heading into yesterday, oil had been up 7 of 8 days. Hints were given the market needed a break, but the trend remains in place. My bias remains on the long side, but I\u2019m not exactly relaxed.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/tuesdays-biggest-gaining-and-declining-stocks-200951281200\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/05\/11.cfm\">leaders &#038; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/05\/10.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Tuesday. Over the last 16 days, the market has moved up 8 days and moved down 8 days. The longest winning streak has been two; the longest losing streak has been 2. Since the up days have been bigger than the down, the SPX net change over this time has been +40 [&hellip;]<\/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\/481"}],"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=481"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/481\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}