{"id":2499,"date":"2009-12-29T08:20:31","date_gmt":"2009-12-29T13:20:31","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2499"},"modified":"2009-12-29T08:20:31","modified_gmt":"2009-12-29T13:20:31","slug":"before-the-open-dec-29","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2499","title":{"rendered":"Before the Open (Dec 29)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up; the European markets are currently up across the board; futures here in the States are up a couple points.<\/span>
\nYesterday the indexes pushed to new high but couldn’t hold the gains. The final numbers were that of an unchanged market. Today’s open will be at or near those highs. <\/span>
\nHere’s the 60-min SPX. Not bad. The index has broken free from its 6-week consolidation period but hasn’t distance itself from the range to be considered a valid breakout yet.<\/span>
\n\"\"
\nHere’s the 15-min SPY. If the market runs here, there will be lots of unfilled gaps left behind.<\/span>
\n\"\"
\nMy bias of course remains to the upside. We’ve had many stocks breakout and rally to their targets the last couple weeks. Yes it’s possible things are getting a little overextended to the upside, but in my eyes, dips are buyable (at least for now). More after the open.<\/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