{"id":2192,"date":"2009-11-06T08:41:32","date_gmt":"2009-11-06T13:41:32","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2192"},"modified":"2009-11-06T08:41:32","modified_gmt":"2009-11-06T13:41:32","slug":"before-the-open-nov-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2192","title":{"rendered":"Before the Open (Nov 6)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\nEmployment numbers are out…<\/span>
\nNonfarm payrolls dropped 190K and the unemployment rate is now 10.2%.<\/span>
\nAfter the news was released, the futures, which were up slightly ahead of the reports, sold off, but the selling isn’t extremely intense.<\/span>
\nTo the charts…they are messy…they need to reset. <\/span>
\nThe market goes through phases of easy money and hard money – right now trades are not obvious; they don’t jump off the screen at me. I personally have no problem laying low for a day or so to allow the market to make the next move because in my view, trading is a big game of follow the leader and I’m certainly not the leader.<\/span>
\nThere are reasons to be bullish and bearish…something has to give. The good news is earnings season is winding down and the major news events (FOMC, jobs reports) are over. The natural forces of supply and demand should play a great roll going foward.<\/span>
\nHere’s the SPX 60-min chart. It broke out of a falling wedge and is now smack in the middle of its range.<\/span>
\n\"\"
\nMore after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings Reports<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n