{"id":2461,"date":"2009-12-18T08:10:51","date_gmt":"2009-12-18T13:10:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2461"},"modified":"2009-12-18T08:10:51","modified_gmt":"2009-12-18T13:10:51","slug":"before-the-open-dec-18","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2461","title":{"rendered":"Before the Open (Dec 18)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mostly down – China lost 2%. Europe is currently mixed with an upward bias. Futures here in the States points towards a gap up open for the cash market. This will open the indexes near the top of yesterday’s range.<\/span>
\nThis week so far has continued the trend from the previous 5. Lots of choppy action…lots of gaps…lots of sudden moves. Dips get bought and rallies get sold, and in the end, the market is little changed. Here’s the 60-min chart. <\/span>
\n\"\"
\nMy bias remains to the upside; we’ve had many great trades, but our holding time has had to be kept short – sometimes a week, often less. <\/span>
\nWe’re heading into the feel-good time of year. Christmas is next Friday and New Years the Friday after. Don’t get complacent; don’t underestimate what the market could do while Americans feel good and volume falls off.<\/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>
\n