{"id":518,"date":"2009-04-02T06:30:56","date_gmt":"2009-04-02T11:30:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=518"},"modified":"2009-04-02T06:30:56","modified_gmt":"2009-04-02T11:30:56","slug":"before-the-open-66","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=518","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Thursday.
\nThe Wild Wild West continues on Wall St. Including today\u2019s big gap up, this will be the 9th consecutive day the market gaps big at its open \u2013 5 have been up, 4 down. Some fill the same day, some do not. Throw in all the sudden and large intraday moves which seem to happen for no reason and Wall St. resembles Vegas more than it resembles a marketplace where traders\/investors come together to buy and sell shares of stocks.
\nAs of yesterday\u2019s close, the market was up slightly over the previous two weeks. Volume has been greater on the up days than down days, so the overall action has been constructive \u2013 albeit somewhat frustrating for swing traders who have to deal with all gaps and noise. And research has revealed many more bullish charts than bearish.
\nAlmost two weeks ago I said the market was overbought and in need of some weakness to work off some fluff. The process is still playing out.
\nHere\u2019s the weekly SPX. If I had to pick a target for this move up, I\u2019d loosely put it between 850 and 875 \u2013 the top of the channel.
\n
\nHere\u2019s the 30 min chart. The Feb high is around 875.
\n
\nTrading at the beginning of Mar was very easy \u2013 lots of great breakouts and an obvious trend to play. The last two weeks have been challenge. Swing at good pitches only. There\u2019s nothing wrong with standing there with the bat on your shoulder if you\u2019re not sure.
\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. The Wild Wild West continues on Wall St. Including today\u2019s big gap up, this will be the 9th consecutive day the market gaps big at its open \u2013 5 have been up, 4 down. Some fill the same day, some do not. Throw in all the sudden and large intraday moves […]<\/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\/518"}],"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=518"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/518\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=518"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}