{"id":2154,"date":"2009-10-29T07:23:08","date_gmt":"2009-10-29T12:23:08","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2154"},"modified":"2009-10-29T07:23:08","modified_gmt":"2009-10-29T12:23:08","slug":"before-the-open-oct-29","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2154","title":{"rendered":"Before the Open (Oct 29)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Thursday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets got hit hard today &#8211; several lost more than 2%.<\/span><br \/>\n<span style=\"font-size: medium;\">Europe is currently mixed with a lean to the upside.<\/span><br \/>\n<span style=\"font-size: medium;\">Futures here in the States suggests a small gap up open for the cash market. This comes off the market having fallen 6 of the last 7 days and SPX support on the daily chart being hit yesterday. Here&#8217;s the chart.<!--more--><\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx102909-1.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s the 60. Two gaps have been filled. You can see the next one just below 1020.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx102909-2.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">So far I&#8217;d say the pull back isn&#8217;t much different than other pull backs we&#8217;ve had over the last 7 months with one exception &#8211; Some key groups are breaking down. Here&#8217;s the banking group &#8211; some technical damage has been done.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/bkx102909.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">It&#8217;s getting a little late to go short, and until the bulls can prove they aren&#8217;t completely leaving the market, I&#8217;m not going long.<\/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;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=2116\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=2120\">Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. The Asian\/Pacific markets got hit hard today &#8211; several lost more than 2%. Europe is currently mixed with a lean to the upside. Futures here in the States suggests a small gap up open for the cash market. This comes off the market having fallen 6 of the last 7 days [&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\/2154"}],"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=2154"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2154\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}