{"id":1924,"date":"2009-09-25T07:32:01","date_gmt":"2009-09-25T12:32:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1924"},"modified":"2009-09-25T07:32:01","modified_gmt":"2009-09-25T12:32:01","slug":"before-the-open-sep-25","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1924","title":{"rendered":"Before the Open (Sep 25)"},"content":{"rendered":"

Good morning. Happy Friday.
\nThe Asian\/Pacific markets closed mostly down \u2013 Japan lost 2.6%.
\nEurope is currently mostly up, but gains are small.
\nFutures here in the States suggest a small gap up open.
\nSpain has tipped into a depression. Unemployment may peak around 25% and the unsold properties on the market will take at least 6-7 years to absorb. A recovery won\u2019t take place until well into the next decade. They\u2019ll consider themselves lucky if they simply have a lost decade. Here\u2019s the story<\/a>.
\nThis week may or may not be a turning point. The market was quiet Mon & Tues and has reacted negatively to the Fed with a stiff move down Wed & Thurs \u2013 or the market was due for a drop and was just using the Fed as an excuse. Gotta blame someone, right?
\nWe\u2019ve seen this before. Many times since the market bottomed the bears took over in the short term. Prices were driven lower, people questioned the recovery, the bears got excited, and in each instance, new highs were registered not long after. Whether this time is any different remains to be seen. Maybe a top is indeed in place, and the internet will be filled with bears saying: \u201cI told you so.\u201d Whatever! A stopped clock is correct twice a day. If you keep singing the same tune, eventually you\u2019ll be right. Here\u2019s the SPX daily.
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\nOverall higher highs and higher lows remain in place, and for what it\u2019s worth, volume has been very light this week. Swing traders who trying to ride trends for all their worth can hold stocks with appropriate stops. Shorter term traders should have been out yesterday at the latest. As far as playing the downside, I prefer buying the inverse ETFs. You get less bang for your buck, but there\u2019s also much less risk and very little research time needed.
\nThat\u2019s it for now. I\u2019ll comment more after the open as well as post a few set ups.
\nheadlines at Yahoo Finance<\/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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