{"id":2211,"date":"2009-11-12T08:31:19","date_gmt":"2009-11-12T13:31:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2211"},"modified":"2009-11-12T08:31:19","modified_gmt":"2009-11-12T13:31:19","slug":"before-the-open-nov-12","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2211","title":{"rendered":"Before the Open (Nov 12)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bearish bias – there were no standout winners or losers.<\/span>
\nEurope is currently trading the same – mixed with no 1% movers.<\/span>
\nFutures here in the States suggest a gap down open for the cash market. This comes off yesterday’s push to a higher high and close in the bottom half of its range. <\/span>
\nWe entered this week without many very good set ups to play. The market had rallied 5 consecutive days, but the charts were a little messy. I needed them to reset before posting new set ups. Some progress has been made, but more work is needed. <\/span>
\nHere’s the SPX daily. I don’t see support or resistance anywhere. We need two points to draw a line, and so far we only have one from mid October. Support may be down near 1040, but that’s far enough away to not talk about yet. I call it no-man’s land…and volume has been very light.<\/span>
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\nHere’s the weekly. One more pullback would help form a bull flag within an uptrend. The move from 900ish to 1100 would measure to 1300. Thin trading lies overhead…maybe there’s an air pocket up there that will cause a quick 50-100 point move.<\/span>
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\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>
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