{"id":1951,"date":"2009-10-01T07:30:43","date_gmt":"2009-10-01T12:30:43","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=1951"},"modified":"2009-10-01T07:30:43","modified_gmt":"2009-10-01T12:30:43","slug":"before-the-open-oct-1","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=1951","title":{"rendered":"Before the Open (Oct 1)"},"content":{"rendered":"

Good morning. Happy Thursday. Happy October.<\/span>
\nSeptember is in the books. It was another up month \u2013 the market\u2019s 7th consecutive. Such a winning streak has only occurred twice since the mid 90\u2019s, and the point gain this time around is by far the greatest. …
\n<\/span>
\nHere\u2019s the SPX 15-min chart. Two lower highs and one higher low are in place \u2013 pressure is building. <\/span>
\n\"\"
\nBut tomorrow before the open the Labor Dept releases the most recent employment data. Are the bulls or bears ready and willing to aggressively take a stand before a potentially market-moving number? I doubt it.<\/span>
\nHere\u2019s the US dollar chart. The trend remains down. This supports an up market.<\/span>
\n\"\"
\nI\u2019ve been in conservative mode this week. The charts got a little messy, but I wasn\u2019t willing to jump feet first on the short side. I also wasn\u2019t willing to press the issue with longs. The market is my guide. I do what it tells me to do, and the signals it was sending coming into this week weren\u2019t clear. If you plan on trading for many years, you have to be comfortable laying low from time to time. That\u2019s what I\u2019ve done this week. Tomorrow should help clear things up some, and then hopefully a direction will take hold early next week. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nyesterday’s Sector Performance<\/a><\/span>
\nthis week’s Earnings Reports<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\nopen a real-time futures demo account at…<\/span>
\n\"\"<\/a>
\n