{"id":2011,"date":"2009-10-08T07:25:16","date_gmt":"2009-10-08T12:25:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2011"},"modified":"2009-10-08T07:25:16","modified_gmt":"2009-10-08T12:25:16","slug":"before-the-open-oct-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2011","title":{"rendered":"Before the Open (Oct 8)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nAfter two solid up days (albeit not always on strong volume), the market rested yesterday. The S&P is now up for Oct – this would be the 8th consecutive up month, but of course it’s very early. Here’s the weekly chart<\/strong>. There’s nothing wrong here. Higher highs and higher lows remain in place. The trend is up….<\/span>
\n\"\"
\nZooming in on the shorter term, here’s the SPX daily<\/strong>. The ride hasn’t been smooth – in fact there’s been a couple scares for the bulls, but the overall picture remains in tact. <\/span>
\n\"\"
\nAnd here’s the 60-min<\/strong>. The trendline drawn is still significant, but it’s not like the market must drop here. There’s about 15 points between yesterday’s close and the next resistance level near 1070.<\/span>
\n\"\"
\nAs I wrote about yesterday, put\/call OI says in order to cause the most pain the market should be flat over the next 7 days. A big move in either direction will generate decent profits for one camp. Keep this in mind before you assume the indexes are going to run crazy the 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