{"id":2486,"date":"2009-12-23T08:26:22","date_gmt":"2009-12-23T13:26:22","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2486"},"modified":"2009-12-23T08:26:22","modified_gmt":"2009-12-23T13:26:22","slug":"before-the-open-dec-23","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2486","title":{"rendered":"Before the Open (Dec 23)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed up across the board; Europe is mostly up although gains are not great. Futures here in the States point towards a gap up open.<\/span>
\nI don’t have much to add to the report I posted after yesterday’s close. The small caps have done great lately; they’re back at their highs. The S&P closed at a new closing high. The Nas is at a new high. The Dow is lagging slightly – probably due to the lagging banks. The LB Long List has done great lately. Most set ups which have triggered are posting gains, and several have hit their targets in the last week. Overall, despite the trading range, it’s been a very good couple weeks of trading. <\/span>
\nThe positive sentiment has been reflected in low put\/call and VIX readings. See next two charts.<\/span>
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\nSpikes in these charts help identify market bottoms, but they don’t help with tops. It’s not uncommon for the VIX to remain very low for a long time – somethings years.<\/span>
\nMy sentiment stays the same. The trend is up; I’m only interested in playing the long side. But don’t get lazy.<\/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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