{"id":575,"date":"2009-03-13T06:30:52","date_gmt":"2009-03-13T11:30:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=575"},"modified":"2009-03-13T06:30:52","modified_gmt":"2009-03-13T11:30:52","slug":"before-the-open-100","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=575","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Friday.<br \/>\nSo what\u2019s it gonna be today? Will the shorts throw in the towel and cause the market to rally big? Or will those that got long early in the week book some profits and cause the market to pull back? Or will we get some of both\u2026perhaps an early move up to cause the shorts to capitulate followed by some late-day selling when the bulls take some profits? In any case, my bias remains to the upside.<br \/>\nI\u2019ve said several times the last couple weeks the charts matter less now than they usually do, and I still believe that. How scared the shorts are and how eager they are to cover is more important than support and resistance. Nevertheless here\u2019s the short term chart we\u2019ve been using. Several times yesterday we stated on the Market Window our target was 750. Now the top of the most recent gap may act as support, and our next target is 780.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx031309-1.png\"><br \/>\nIt\u2019s been a great week. Let\u2019s finish it strong. We\u2019ve had numerous solid stock and option trades and some good discussion on the Message Board.<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\/Fridays-biggest-moving-stocks\/story.aspx?guid={1D160A79-BF39-49AC-B6CB-1BC8244F300C}\">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\/08.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. So what\u2019s it gonna be today? Will the shorts throw in the towel and cause the market to rally big? Or will those that got long early in the week book some profits and cause the market to pull back? Or will we get some of both\u2026perhaps an early move up [&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\/575"}],"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=575"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/575\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}