{"id":494,"date":"2009-04-09T06:30:07","date_gmt":"2009-04-09T11:30:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=494"},"modified":"2009-04-09T06:30:07","modified_gmt":"2009-04-09T11:30:07","slug":"before-the-open-86","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=494","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Thursday. Happy Passover. Happy (almost) Easter. Happy last trading day of the week (the market is closed tomorrow).
\nWe entered this week thinking a big move was coming and instead have gotten a whole lotta of nothingness. The market was weak Mon and Tues and closed well yesterday. Volume has been very light. According to the current futures trading, the SPX will open a couple points below last week\u2019s close, so if the level can be held, we\u2019re looking at a flat-ish week. That\u2019s not bad considering the market 4 consecutive weeks and was sitting right at resistance with overbought breadth indicators.
\nHere\u2019s the daily chart. I see nothing wrong with this picture. Sure the \u201c2 steps forward, 1 step back\u201d nature can be frustrating, but you can\u2019t deny an uptrend remains in place (on a short term basis).
\n
\nAnd here\u2019s the 30-min chart which covers the entire move off the low. Again, I see nothing alarming here. Consolidation within an uptrend.
\n
\nMost economic news is behind us for now, but earnings season is here and the personality of the market during earnings season has yet to be established. I\u2019m still not placing big bets now, and I\u2019m certainly not going to be aggressive ahead of a 3-day weekend. Stay on your toes.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch from MarketWatch<\/a>
\ntoday’s upgrades\/downgrades<\/a>
\nthis week’s earnings & economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Thursday. Happy Passover. Happy (almost) Easter. Happy last trading day of the week (the market is closed tomorrow). We entered this week thinking a big move was coming and instead have gotten a whole lotta of nothingness. The market was weak Mon and Tues and closed well yesterday. Volume has been very […]<\/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\/494"}],"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=494"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/494\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=494"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}