{"id":2435,"date":"2009-12-10T08:14:07","date_gmt":"2009-12-10T13:14:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2435"},"modified":"2009-12-10T08:14:07","modified_gmt":"2009-12-10T13:14:07","slug":"before-the-open-dec-10","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2435","title":{"rendered":"Before the Open (Dec 10)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed – there were a couple 1% movers. Europe is currently up across the board. Futures here in the States are up several points, so for now we’ll get a gap up open for the cash market. Yesterday at this time we were in the same situation, but the market opened flat.<\/span>
\nCharts of individual stocks continue to act fairly well while charts of the indexes are stuck in a tight range with lots of gaps and sudden moves. <\/span>
\nHere’s the daily S&P – nothing wrong with this chart. Steady uptrend now resting in a 5-week consolidation pattern. For now I’d consider the action healthy and constructive and necessary for the bull’s case. But the longer it lasts, the more I dislike it.<\/span>
\n\"\"
\nThe daily chart looks unassuming, but that’s far from the environment we’ve had to deal with. Here’s the 15-min SPY; it shows gaps much better than the SPX. Getting volatile and sudden moves is perfectly fine, but when most of a move comes in the form of a gap, great set ups can be rendered not playable. <\/span>
\n\"\"
\nWatch the banks; they’re still lagging…and of course the dollar. And until the market breaks free from the tight range, keep trades shorter term.<\/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><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Thursday. The Asian\/Pacific markets closed mixed – there were a couple 1% movers. Europe is currently up across the board. Futures here in the States are up several points, so for now we’ll get a gap up open for the cash market. Yesterday at this time we were in the same situation, […]<\/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\/2435"}],"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=2435"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2435\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}