{"id":12437,"date":"2009-07-28T09:58:14","date_gmt":"2009-07-28T14:58:14","guid":{"rendered":"http:\/\/www.leavittbrothers.com\/blog\/?p=5"},"modified":"2009-07-28T09:58:14","modified_gmt":"2009-07-28T14:58:14","slug":"5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12437","title":{"rendered":"Before the Open (Jul 28)"},"content":{"rendered":"

Good morning. Happy Tuesday.
\nThese comments will be brief, and my comments on the Market Window and Message Board may be brief today too. A massive storm last night knocked out my cable and fried my router. So I hooked up each computer directly to my modem and learned two of my computers were fried too. I\u2019m only just now getting internet access on the third and will be spending the day figuring out what\u2019s wrong with the other two. The storm was awesome. I sat out on my back deck and watched and listened to most of it. Lightening filled the sky over the Rocky Mountains, … but the price I\u2019m paying for the show is a destroyed router and two computers that can\u2019t get online.
\nThe market traded lethargically yesterday, but it was nice to see the banking index do well. It was the one group that wasn\u2019t participating in the move up, and we needed confirmation from it. Over the last couple days, the market has grinded higher; this type of action tends to lead to swift pullbacks or surges that break the bear\u2019s backs. Here\u2019s the 10-min SPX chart. A rising wedge is forming. Within a downtrend, it\u2019s bearish. Within an uptrend, it neutralizes the uptrend rather than being flat-out bearish.
\n\"\"
\nThe trend is up, but the risk\/reward for initiating new positions is not very favorable. My gut says the SPX takes out 1000 to sucker in the more longs and get the media excited. Then we\u2019ll get a little pullback.
\nThat\u2019s it for now. I\u2019m not yet sure how much I\u2019ll be on the message board today.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch from MarketWatch<\/a>
\ntoday’s upgrades\/downgrades<\/a>
\nyesterday’s leaders & laggards<\/a>
\nthis week’s earnings & economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Tuesday. These comments will be brief, and my comments on the Market Window and Message Board may be brief today too. A massive storm last night knocked out my cable and fried my router. So I hooked up each computer directly to my modem and learned two of my computers were fried […]<\/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":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12437"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12437"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12437\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}