{"id":1792,"date":"2009-09-04T07:33:05","date_gmt":"2009-09-04T12:33:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1792"},"modified":"2009-09-04T07:33:05","modified_gmt":"2009-09-04T12:33:05","slug":"before-the-open-sep-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1792","title":{"rendered":"Before the Open (Sep 4)"},"content":{"rendered":"

Good morning. Happy Friday.
\nThe jobs report is out \u2013 I\u2019ll get to the numbers in a minute.
\nThe Asian\/Pacific markets closed up. Hong Kong led the way with a 2.8% gain.
\nEurope is up across the board. Several indexes gained more than 1%; none gained more than 2%. …
\nFutures here in the States were up several points heading into the unemployment numbers. The initial reaction was negative, then positive.
\nAfter the opening gap and first hour of trading (probably less), trading will be very slow today. Volume has fallen off the last couple days, and with a 3-day weekend ahead of us (the market is closed Monday), traders are not likely to stick around.
\nThe charts are a little messy right now. The Intermediate term trend remains up (higher highs and higher lows remain in place) while the short term trend is iffy (the market is unchanged over the last 30 days). Don\u2019t over analyze.
\nHere are those employment numbers\u2026
\nunemployment rate – 9.7% (vs. 9.4% July)
\nnonfarm payrolls down 216K
\naverage hourly earnings up 0.3% (vs. 0.3% July)
\nworkweek 33.1 hours (unchanged)
\nHave a great weekend. Some time mid-to-late next week the market should decide whether it wants to surge higher or correct. Be ready.
\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…
\n\"\"<\/a>
\n