{"id":1831,"date":"2009-09-11T07:31:41","date_gmt":"2009-09-11T12:31:41","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1831"},"modified":"2009-09-11T07:31:41","modified_gmt":"2009-09-11T12:31:41","slug":"before-the-open-sep-11","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1831","title":{"rendered":"Before the Open (Sep 11)"},"content":{"rendered":"

Good morning. Happy Friday.
\nIt\u2019s up up and away for the market. After 5 consecutive up days, all the indexes are at or near their highs. This is the longest winning streak for the S&P since the market bottomed in March. The bulls are relentless. They keep defending their turf. They keep buying every dip. This is supposed to be the worst performing month of the year, but the S&P is up almost 24 (2.3%) \u2013 not bad….
\nHere\u2019s the weekly. We have a rising wedge into a very thin area, so this area (around 1050) seems significant. Be on your toes for either a mad hysterical squeeze into the thin area noted or a break down.
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\nOn a much shorter time frame, there isn\u2019t much to chart. Steady buying has pushed the index up almost 50 points in one week.
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\nThe Asian\/Pacific markets closed mostly up and Europe is currently up across the board. Futures here in the States are up slightly.
\nLet\u2019s keep watching the US dollar and LIBOR.
\nAll traders should be back from vacation next week. Volume will pick up, and the fall season officially begins. At the current level, the stage is nicely set for lots of movement \u2013 exactly what we want to see.
\nMore comments coming after the open.
\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>
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