{"id":1762,"date":"2009-09-01T07:35:21","date_gmt":"2009-09-01T12:35:21","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1762"},"modified":"2009-09-01T07:35:21","modified_gmt":"2009-09-01T12:35:21","slug":"before-the-open-sep-1","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1762","title":{"rendered":"Before the Open (Sep 1)"},"content":{"rendered":"

Good morning. Happy Tuesday.
\nSept will begin as Aug ended \u2013 on a down note.
\nThe Asian\/Pacific markets closed mostly up, but most gains were small. Europe is currently down across the board \u2013 a few are down more than 1%. Futures here in the States suggest a gap down open for the cash market. As of now, yesterday\u2019s lows will not be taken out at the open, but obviously a lot can change in the next hour. …
\nHere\u2019s the 15-min SPY chart. I use it because it shows gaps better than the S&P index chart. The post-options expiration gap up (Aug 21) remains unfilled, and yesterday produced another unfilled gap. It goes without saying the market hasn\u2019t done much the last 7 days, and it gives me a little justification for constantly suggesting to be conservative. The trend is up, but we\u2019re not getting much follow through.
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\nThe summer doldrums typically lasts until a couple days after Labor Day which is next Monday.
\nRest up if you don\u2019t see many good set ups. This fall should offer great money making opportunities. Maybe we have a blow off top (the S&P could quickly move up to 1100 or higher) or a false move up followed by a stiff move down. In either case, we want movement, and I think we\u2019ll get it.
\nTrades right now are not obvious, so resist the temptation to be aggressive.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch from MarketWatch<\/a>
\ntoday’s upgrades\/downgrades<\/a>
\nyesterday’s Sector Performance<\/a>
\nthis week’s Earnings Reports<\/a>
\nthis week’s Economic Numbers<\/a>
\nopen a real-time futures demo account at…
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