{"id":2411,"date":"2009-12-03T08:29:19","date_gmt":"2009-12-03T13:29:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2411"},"modified":"2009-12-03T08:29:19","modified_gmt":"2009-12-03T13:29:19","slug":"before-the-open-dec-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2411","title":{"rendered":"Before the Open (Dec 3)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nHere’s that chart of the S&P 500 emini futures contract again. Crazy stuff…tight range over the last 3 weeks…lots of big gaps…lots of sudden intraday moves and even more dull listless trading. The market has made a habit of gaping and moving the first hour and then doing nothing the rest of the day. <\/span>
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\nThe Asian\/Pacific markets closed up today – Japan gained more than 3%. Europe is currently up across the board with moderate gains. Futures here in the States suggest a gap up open for the cash market. The S&P made a new high yesterday but closed in the lower half of its range. Today’s open will be the index within a couple points of the high.<\/span>
\nNo sense over-analyzing things right now. Tomorrow, 60 min before the open, the Labor Dept releases the most recent employment numbers. Unless the data gets leaked, we may be looking at a slow day. No biggie. <\/span>
\nDespite the crazy action, our trading list has done very well. Of the 28 stocks on the Long List, 2 are posting losses, 6 have not triggered yet and 20 are posting gains. That’s not bad. Perhaps a little luck is involved. \ud83d\ude42<\/span>
\nThat’s it for now. Expect a big gap tomorrow, so it wouldn’t be a bad idea to trim losses or take a few bucks off the table with you winners.<\/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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