{"id":2036,"date":"2009-10-13T07:42:05","date_gmt":"2009-10-13T12:42:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2036"},"modified":"2009-10-13T07:42:05","modified_gmt":"2009-10-13T12:42:05","slug":"before-the-open-oct-13","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2036","title":{"rendered":"Before the Open (Oct 13)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mixed with an upward bias. China gained 1.4%.<\/span>
\nEurope is currently mixed – there are no standout winners or losers.<\/span>
\nFutrues here in the States suggest a flat open….<\/span>
\nHere’s the S&P chart. It has rallied 6 consecutive days and got within a point or so of its high. A continuation of the move comes with no fireworks, but sideways movement or a brief pullback would set the stage for a more explosive move.<\/span>
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\nHere’s the Dow. I don’t follow it closely, but the media does and with it getting within 70 points of 10,000, you can be sure something big happens at that level – either a blow off top or hysterical squeeze as Joe Public buys and fuels the next leg up. <\/span>
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\nBe on your toes. October is an active month. I doubt the market sits here. We either leg up again or come down semi hard after a false breakout.<\/span>
\nAnd of course this is earnings season. No entering or holding into a report. That’s gambling, not trading (unless you do it with options where your max loss is locked in place).<\/span>
\nMore after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nyesterday’s Sector Performance<\/a><\/span><\/span>
\nthis week’s Earnings Reports<\/a>
\nthis week’s Economic Numbers<\/a><\/span>
\nopen a real-time futures demo account at…<\/span>
\n\"\"<\/a>
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