{"id":2208,"date":"2009-11-11T08:36:31","date_gmt":"2009-11-11T13:36:31","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2208"},"modified":"2009-11-11T08:36:31","modified_gmt":"2009-11-11T13:36:31","slug":"before-the-open-nov-11","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2208","title":{"rendered":"Before the Open (Nov 11)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nAfter 6 consecutive up days, the market rested yesterday. Volume remained uncharacteristically light and the range was smaller than the previous week.<\/span>
\nThe diverging indexes continue. The Dow is at a new high – easily above 10K; the S&P is very close to its Oct high; the Nas isn’t too far behind the S&P; the Russell has a lot of catching up to do. A move up will not go far without the small caps. Here’s a graphical view of the indexes. The Dow is at its upper Bollinger Band; the S&P and Nas are in the upper half; the Russell is getting rejected by its center band which is the 20-day EMA. Something has to give; this cannot continue.<\/span>
\n\"\"
\nToday, the Asian\/Pacific indexes closed mostly up, and Europe is currently up across the board. Futures here in the States point towards a moderate gap up open for the cash market that will put the S&P near its high. More 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