{"id":611,"date":"2009-02-10T06:30:48","date_gmt":"2009-02-10T11:30:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=611"},"modified":"2009-02-10T06:30:48","modified_gmt":"2009-02-10T11:30:48","slug":"before-the-open-110","status":"publish","type":"post","link":"http:\/\/blog.leavittbrothers.com\/?p=611","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Tuesday.<br \/>\nHeading into yesterday, my very short term bias was up, but with complacency high and the fact that every other bear market rally was sold into, I wasn&#8217;t going to get carried away with playing the upside. Yesterday resolved nothing. The market closed where it opened \u2013 an equal battle between the bulls and bears. Here&#8217;s the 30-min SPX chart. The trendlines currently containing the price action are converging. Pressure is building. Energy is being restored. In an ideal world, support would get tested one more time, but each time the market drops, the risk is it won&#8217;t bounce again. It&#8217;s been able to absorb large quantities of bad news the last couple months. Cracks have formed, but sooner or later, it may break. <\/p>\n<p><img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx021009 1.png\"><br \/>\nBe conservative here. Ultimately I believe the market heads down again \u2013 in a big way \u2013 but in the mean time, a continuation of the move up is realistic. This is not a time to put all your chips on the table.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nmovers &#038; shakers from <a href=\"http:\/\/www.marketwatch.com\/news\/story\/Stocks-focus-Tuesday\/story.aspx?guid={CF070AE3-5139-49D3-8B5B-DB524F91F0B7}\">MarketWatch<\/a><\/a><br \/>\n<a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Tuesday. Heading into yesterday, my very short term bias was up, but with complacency high and the fact that every other bear market rally was sold into, I wasn&#8217;t going to get carried away with playing the upside. Yesterday resolved nothing. The market closed where it opened \u2013 an equal battle between [&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\/611"}],"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=611"}],"version-history":[{"count":0,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/611\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}