{"id":1843,"date":"2009-09-14T07:42:30","date_gmt":"2009-09-14T12:42:30","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1843"},"modified":"2009-09-14T07:42:30","modified_gmt":"2009-09-14T12:42:30","slug":"before-the-open-sep-14","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1843","title":{"rendered":"Before the Open (Sep 14)"},"content":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend.<br \/>\nThe Asian\/Pacific markets closed mostly down. There were several 1% losers.<br \/>\nEurope is currently down across the board. There are a few 1% losers there too.<br \/>\nFutures here in the States points towards a gap down open for the cash market. This comes off a Friday where the indexes made new highs but closed with small losses. &#8230;<!--more--><br \/>\nChina is accusing the US of violating WTO rules by raising tariffs on Chinese tires for three years (35% the first year, 30% the second, 25% the third). Two can plan this game. China announced Sunday it\u2019s launching antidumping investigations into imported US auto and chicken products.<br \/>\nHere\u2019s the <strong>China<\/strong> chart. It started underperforming in early August, but overall it hasn\u2019t exerted a negative influence on the US markets.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/ssex091409.png\" alt=\"\" \/><br \/>\nHere\u2019s the 30-min <strong>S&amp;P<\/strong>. Over the last 40 days, the action has been highlighted by periods of range-bound trading which resolved into sudden trending moves. Right now we\u2019re in nose-bleed territory. After 50 points without much of a break, a pause is needed.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx091409.png\" alt=\"\" \/><br \/>\nAs mentioned the market made new higher highs Friday, but the <strong>banking group<\/strong> lagged. It\u2019s something to keep an eye on. The banks got us into the financial crisis and since bottoming in March, they\u2019ve been huge winners. If they start to lag, the indexes will have a tough time moving up.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/bkx091409.png\" alt=\"\" \/><br \/>\nThat\u2019s it for now. Summer trading is over. The fall season is here. We are at a critical juncture with a very thin trading zone just overhead and rising wedges forming on the index. Some very good trading opportunities are ahead. More after the open.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/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=1834\">Sector Performance<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1837\">Earnings Reports<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1839\">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 Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed mostly down. There were several 1% losers. Europe is currently down across the board. There are a few 1% losers there too. Futures here in the States points towards a gap down open for the cash market. This comes off a [&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\/1843"}],"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=1843"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1843\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}