{"id":576,"date":"2009-03-12T06:30:53","date_gmt":"2009-03-12T11:30:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=576"},"modified":"2009-03-12T06:30:53","modified_gmt":"2009-03-12T11:30:53","slug":"before-the-open-101","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=576","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Thursday.
\nFirst off, Leavitt Brothers is now offering a FREE TRIAL. Go here<\/a><\/b> to sign up.
\nemini traders -> today is rollover day. Start trading the June contract.
\nI had a thought yesterday that I wrote about in daily report that I\u2019ll repeat here. It seems everyone and their brother thinks a bottom is in place and a rally is underway. Even the bears admit there may be some upside. Is it possible for everyone to be right? Not sure. Let\u2019s just say I wouldn\u2019t be surprised to see this first rally attempt fail. Then possibly some downward movement into options expiration (we can\u2019t let those put buyers make bank, can we?). Then the real rally can begin. This isn\u2019t a prediction. I\u2019m just thinking out loud. There are already way too many bulls out there.
\nThe S&P closed up yesterday \u2013 first time for consecutive up days in a month.
\nThe action of late has been encouraging, but the market is far from being \u201cin the clear.\u201d That means it hasn\u2019t separated itself enough from resistance and is therefore still vulnerable to giving back much of its gains and falling back into its pattern. Here\u2019s the 60-min chart\u2026
\n
\nSo far, so good but not exactly an uptrend. Here\u2019s the 1-min chart over the last 10 days. The market traded into its second gap but couldn\u2019t hold the level. I\u2019m not predicting Tuesday\u2019s gap will fill but I will say the market is fragile enough that any stalling or hesitation here increases the odds it\u2019ll fill.
\n
\nMy bias remains to the upside, but I\u2019m not going \u201call in.\u201d The market has some proving to do.
\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. First off, Leavitt Brothers is now offering a FREE TRIAL. Go here to sign up. emini traders -> today is rollover day. Start trading the June contract. I had a thought yesterday that I wrote about in daily report that I\u2019ll repeat here. It seems everyone and their brother thinks a […]<\/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\/576"}],"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=576"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/576\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=576"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}