{"id":1668,"date":"2009-08-18T07:34:57","date_gmt":"2009-08-18T12:34:57","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1668"},"modified":"2009-08-18T07:34:57","modified_gmt":"2009-08-18T12:34:57","slug":"before-the-open-aug-18","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1668","title":{"rendered":"Before the Open (Aug 18)"},"content":{"rendered":"<p>Good morning. Happy Tuesday.<br \/>\nYesterday, the market suffered one of its worst days since the Mar low was established, but it was hardly playable. Most stocks gapped down and then sat in a tight range all day. Considering new highs were flirted with just a couple days ago, this type of abrupt turnaround isn\u2019t fun.\u00a0 &#8230;<!--more-->You either had to guess when a top was being put in place (how many times have the bears guessed wrong the last couple months) or you just watched.<br \/>\nToday will get off to a decent start. The Asian\/Pacific markets closed mixed. China, which lost almost 6% yesterday, gained 1.4% today. Europe is up across the board. Futures here in the States suggest a gap up open for the cash market.<br \/>\nHere\u2019s the SPX 15-min chart. Two weeks of range bound trading has turned into a block of overhead resistance. All the traders who bought up there will look to get out even if given the chance.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx081809.png\" alt=\"\" \/><br \/>\nAnd let\u2019s continue to monitor this US vs. China chart because it\u2019s safe to say if China doesn\u2019t bounce, the US has no chance.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spxssec081809.png\" alt=\"\" \/><br \/>\nMore after the open.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/tuesdays-biggest-moving-stocks-2009-08-18\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1666\">Sector Performance<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1654\">Earnings Reports<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1656\">Economic Numbers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Tuesday. Yesterday, the market suffered one of its worst days since the Mar low was established, but it was hardly playable. Most stocks gapped down and then sat in a tight range all day. Considering new highs were flirted with just a couple days ago, this type of abrupt turnaround isn\u2019t fun.\u00a0 [&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":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1668"}],"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=1668"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1668\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}