{"id":2565,"date":"2010-01-12T08:42:22","date_gmt":"2010-01-12T13:42:22","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2565"},"modified":"2010-01-12T08:42:22","modified_gmt":"2010-01-12T13:42:22","slug":"before-the-open-jan-12","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2565","title":{"rendered":"Before the Open (Jan 12)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bearish slant; Europe is currently down across the board; futures here in the States suggest a sizable gap down open for the cash market. This should hardly be a surprise. As noted over the weekend and yesterday, the market’s uptrend is solid, but it needs a break. The S&P has now rallied 6 consecutive days and 13 of the last 15. Here’s the S&P chart. <\/span>
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\nAlcoa (AA) unofficially kicked of earnings season this morning with disappointing results. The stock has been on a huge run the last month and was poised to give some back regardless of their results. <\/span>
\nI’m going to repeat here what I’ve said many times. You have to be either shorter term oriented or longer term oriented. You can’t be middle of the road – otherwise you’ll get stopped out at exactly the wrong time. You’re either ahead of the curve taking profits or using loose stops to ride a move for all it’s worth. Given the extent of the recent move, you’ve already made your decision. Now execute it and don’t second-guess yourself. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings Reports<\/a> and Economic Numbers<\/a><\/span>
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