{"id":519,"date":"2009-04-03T06:30:58","date_gmt":"2009-04-03T11:30:58","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=519"},"modified":"2009-04-03T06:30:58","modified_gmt":"2009-04-03T11:30:58","slug":"before-the-open-67","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=519","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Friday. Happy Jobs Report Day.<br \/>\nAs stated yesterday, in my opinion, the charts of the indexes look good and the charts of select individual stock are trading well, but the internal indicators are overbought and in need of a pullback. This weekend I\u2019ll be doing a video summarizing many of the indicators I\u2019m looking at and why I believe one or two things is happening right now. Either the market is undergoing a character shift or it\u2019ll sell off relatively soon.<br \/>\nUnemployment numbers are out. I don\u2019t have time to look through them in detail because I want to post this and send it out. I can say the market reacted     positively to them. This could change. It\u2019s not uncommon for the futures to move in one direction after the news and then reverse everything by the opening bell.<br \/>\nHere\u2019s the SPX weekly. Our first target at 850 was missed by about 5 points yesterday. Volume is declining \u2013 that needs to be noted. And barring a big sell-off today (it\u2019s possible), we\u2019ll have our first 4-week winning streak since Sept 2007.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx040309-1.png\"><br \/>\nHere\u2019s the SPX daily. First target is also 850, and I think a parabolic move to 875 will be a great shorting opportunity.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx040309-2.png\"><br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch <a href=\"http:\/\/www.marketwatch.com\/news\/story\/Stocks-focus-Friday\/story.aspx?guid={D5F244DF-8F57-4610-9467-95CD0DF00CC8}\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/03\/29.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. Happy Jobs Report Day. As stated yesterday, in my opinion, the charts of the indexes look good and the charts of select individual stock are trading well, but the internal indicators are overbought and in need of a pullback. This weekend I\u2019ll be doing a video summarizing many of the indicators [&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\/519"}],"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=519"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/519\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=519"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}