{"id":1819,"date":"2009-09-10T07:41:40","date_gmt":"2009-09-10T12:41:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1819"},"modified":"2009-09-10T07:41:40","modified_gmt":"2009-09-10T12:41:40","slug":"before-the-open-sep-10","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1819","title":{"rendered":"Before the Open (Sep 10)"},"content":{"rendered":"<p>Good morning. Happy Thursday.<br \/>\nI see stockcharts.com is back online. The site has had problems in the past, but I\u2019ve never seen it go down as it did yesterday. New set ups were added to the trading lists yesterday after the close. Charts will be created today. &#8230;<!--more--><br \/>\nThe Asian\/Pacific markets closed up (except for China) \u2013 there were several 1% winners.<br \/>\nEurope is currently mostly down, but losses are minimal.<br \/>\nFutures here in the States point towards a slight downward bias at the open, but things can obviously change over the next hour before the cash market opens.<br \/>\nI\u2019ve talked off and on the last month about the importance of the US dollar and how a weak dollar helps the stock market. Here\u2019s the daily chart. After breaking down Tuesday, it followed through yesterday to close at another new low.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/usd091009.png\" alt=\"\" \/><br \/>\nHere\u2019s the SPX daily. Higher highs and higher lows remain the pattern. The index did not make a new high yesterday (the Nas did), but on a closing basis, it was the highest close in almost a year.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx091009-1.png\" alt=\"\" \/><br \/>\nAnd here\u2019s the 60-min which identifies the current level as a place sellers could step up. Support trendlines often become resistance (even if they\u2019re slanted). Some traders call them psychotic trendlines because they keep coming into play from both directions. I don\u2019t have a special name for them, but I\u2019ve learned much about them while studying median lines.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx091009-2.png\" alt=\"\" \/><br \/>\nThat\u2019s it for now. I have a little catching up to do now that stockcharts is back.<br \/>\nFor those that trade the eminis, today is rollover day.<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\/thursdays-biggest-gaining-and-declining-stocks-2009-09-10\">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=1817\">Sector Performance<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1802\">Earnings Reports<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1799\">Economic Numbers<\/a><br \/>\nopen a real-time futures demo account at&#8230;<br \/>\n<a href=\"http:\/\/www.infinityfutures.com\/IATdemosignup.aspx?ref=aglb\"><img src=\"http:\/\/leavittbrothers.com\/banners\/v3468x60.gif\" alt=\"\" \/><\/a><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. I see stockcharts.com is back online. The site has had problems in the past, but I\u2019ve never seen it go down as it did yesterday. New set ups were added to the trading lists yesterday after the close. Charts will be created today. &#8230;<\/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\/1819"}],"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=1819"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1819\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}