{"id":534,"date":"2009-04-27T06:30:16","date_gmt":"2009-04-27T11:30:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=534"},"modified":"2009-04-27T06:30:16","modified_gmt":"2009-04-27T11:30:16","slug":"before-the-open-82","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=534","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend.<br \/>\nThe SPX lost about 3 points last week \u2013 its first losing week in seven weeks. We\u2019ll call it a pause week, or just some simple consolidation. The SPX has traded between 825 &#038; 875 for over two weeks; it\u2019s either setting up for a breakout and rally or it\u2019s luring in late-to-the-party bulls that will get crushed on the next leg down. The short term trend is up, and it\u2019s much easier to find continuation breakout set ups, so my bias is to the upside. But with the government so heavily involved in the day to day workings of Wall St. and the economy, we can\u2019t be sure any particular scenario will play out.<br \/>\nHere\u2019s the SPX daily. There\u2019s nothing wrong with this chart, but until resistance is taken out with force, we can\u2019t put all our chips on the table. I personally am keeping trades short term. For seven weeks, every dip has gotten bought, but for some reason, I\u2019m not in a trusting mood these days.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx042709-1.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-Monday\/story.aspx?guid={945F820E-A6CB-4FC3-B98F-BE0833A95B57}\">MarketWatch<\/a><\/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\/04\/26.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend. The SPX lost about 3 points last week \u2013 its first losing week in seven weeks. We\u2019ll call it a pause week, or just some simple consolidation. The SPX has traded between 825 &#038; 875 for over two weeks; it\u2019s either setting up for a [&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\/534"}],"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=534"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/534\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=534"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}