{"id":2483,"date":"2009-12-22T08:22:27","date_gmt":"2009-12-22T13:22:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2483"},"modified":"2009-12-22T08:22:27","modified_gmt":"2009-12-22T13:22:27","slug":"before-the-open-dec-22","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2483","title":{"rendered":"Before the Open (Dec 22)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific market closed mostly up – China lost 2.3%. Europe is currently mostly up. Futures here in the States suggests another gap up open for the cash market. <\/span>
\nThe S&P’s high from earlier this month is 119ish. If the futures market doesn’t change much before the open, that high will be hit. Last week the bears once again got excited and the bulls a little nervous. I stayed the course. The overall trend has been and still is up, and there have been many more very good long set ups than short. I really don’t understand why traders fight the obvious, but I guess that’s what makes a market. Here’s the 15-min S&P. The range continues, and today we’ll see if the market is ready to bust out or not.<\/span>
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\nI’ve said all along there was nothing wrong with this daily chart. The gaps might be frustrating. The lack of follow through might be frustrating. But overall the trend remains in place.<\/span>
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\nWe aren’t without warnings. The banks are still lagging, and the small caps have some catching up to do, but let’s not complain. Climbing a “wall of worry” is better than climbing a wall everyone agrees with.<\/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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