{"id":2398,"date":"2009-12-01T08:25:39","date_gmt":"2009-12-01T13:25:39","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2398"},"modified":"2009-12-01T08:25:39","modified_gmt":"2009-12-01T13:25:39","slug":"before-the-open-dec-1","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2398","title":{"rendered":"Before the Open (Dec 1)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nEvery market on the planet is up. The Asian\/Pacific markets closed up across the board – there were several 1% winners. Europe is currently posting solid gains – the worst performer is still up 1.6% – there are several 2% winners. Futures here in the States suggest a big gap up open for the cash market. Fun times. What else is new? Lots of gaps followed by lots of listless trading. Here’s the 15-min SPY chart.<\/span>
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\nThe bears have come out of the woodwork lately, but after 3 weeks of trading, the market is unchanged. So I guess you can say the song has remained the same. There are lots of reasons the market should drop or is supposed to drop, but it hasn’t\/won’t. No matter what, dips get bought – even if it doesn’t make any sense. Why fight it? I’m not suggesting go long and go on vacation; I’m just saying the market’s nature right now is to move up regardless of what negative news hits the wires.<\/span>
\nBut until we break out from this range, it’s not prudent to hold positions very long. Take the money and run when you have it. 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>
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