{"id":1941,"date":"2009-09-29T07:39:24","date_gmt":"2009-09-29T12:39:24","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1941"},"modified":"2009-09-29T07:39:24","modified_gmt":"2009-09-29T12:39:24","slug":"before-the-open-sep-29","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1941","title":{"rendered":"Before the Open (Sep 29)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Tuesday.<\/span><br \/>\n<span style=\"font-size: medium;\">Price-wise, yesterday was a very positive day. The losses from the previous two days were recaptured, but volume was super light (it was a Jewish holiday). How much do we trust the movement? Tough call, so I\u2019m not going to make any assumptions. We also have the end-of-the-month and end-of-the-quarter coming tomorrow. Performance anxiety is a real thing. Fund managers who missed the bulk of the rally will soon be out of work if their performance doesn\u2019t improve. They may be buying the next couple days, so when they send out their statements, they can at least claim to be in certain stocks. &#8230;<!--more-->Here\u2019s the <strong>daily SPX<\/strong>. Coming into this week I stated the pullback was no different than previous pullbacks \u2013 so far this holds. <\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx092909-1.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The <strong>monthly<\/strong> is also worth keeping an eye on. I\u2019m not one for drawing lines in the sand, but I\u2019m still curious to see if the index can close above its 20-month MA. Note this will be the 7th consecutive up month and the lightest volume month since the market bottomed.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx092909-2.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">One more. Here\u2019s the <strong>15-min SPY chart<\/strong>. I use it because it shows gaps better than SPX. You can see we\u2019re smack in the middle of the recent high and low with a gap at yesterday\u2019s open.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spy092909.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The overall charts don\u2019t look too bad. The end of the quarter may help prop things up \u2013 then we\u2019ll find out what the market is really made up. Be conservative. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">yesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1939\">Sector Performance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1933\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=1931\">Economic Numbers<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">open a real-time futures demo account at&#8230;<\/span><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 Tuesday. Price-wise, yesterday was a very positive day. The losses from the previous two days were recaptured, but volume was super light (it was a Jewish holiday). How much do we trust the movement? Tough call, so I\u2019m not going to make any assumptions. We also have the end-of-the-month and end-of-the-quarter coming [&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\/1941"}],"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=1941"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/1941\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}