{"id":2254,"date":"2009-11-19T08:25:28","date_gmt":"2009-11-19T13:25:28","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2254"},"modified":"2009-11-19T08:25:28","modified_gmt":"2009-11-19T13:25:28","slug":"before-the-open-nov-19","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2254","title":{"rendered":"Before the Open (Nov 19)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Thursday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mixed without any standout winners or losers. Europe is currently down across the board &#8211; there are a couple 1% losers. Futures here in the States suggest a sizable gap down open for the cash market. This comes off a big up Mon and flat, listless trading Tues and Wed. <!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s the daily SPX. The trendlines don&#8217;t mean much &#8211; they just outline the small range we&#8217;ve had the last two days. The trend is up, but today&#8217;s open, which will be below yesterday&#8217;s low, will shake the tree a little.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx111909.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s the 15-min SPY chart. I use it because it shows the gaps better than the SPX. A gap from each of the last two Monday&#8217;s remains unfilled below (and there are probably at least 10 other unfilled gaps going back to the March low).<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spy111909.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The trend is up, but I can&#8217;t say trading has been easy. We&#8217;re not getting much follow through on breakouts, and so much of the market&#8217;s upside progress is concentrated in a single day here and there, the recent environment hasn&#8217;t been conducive to anything but very short term trading.<\/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=2223\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=2225\">Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. The Asian\/Pacific markets closed mixed without any standout winners or losers. Europe is currently down across the board &#8211; there are a couple 1% losers. Futures here in the States suggest a sizable gap down open for the cash market. This comes off a big up Mon and flat, listless trading [&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\/2254"}],"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=2254"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2254\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}