{"id":2758,"date":"2010-03-04T08:22:38","date_gmt":"2010-03-04T13:22:38","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2758"},"modified":"2010-03-04T08:22:38","modified_gmt":"2010-03-04T13:22:38","slug":"before-the-open-mar-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2758","title":{"rendered":"Before the Open (Mar 4)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markes closed mostly down; China lost more than 2%. Europe is currently mixed and mostly flat. Futures here in the States are flat.<\/span>
\nTwo consecutive days the market has been strong early and weak late. The market is up for the week, but most of the gains were registered on a single day (Monday). <\/span>
\nWith the Nas and Russell into their resistance zones and the S&P close to its own resistance and with several breadth indicators similar to the NYSE AD Line I posted yesterday, a little pullback is due. Or, at the very least, the risk\/reward for new trades isn’t great. Be picky about the set ups you enter right now. Don’t give them much leeway. Stocks that break out at the beginning of a run tend to do well – even if they don’t deserve to. But stocks that breakout after the run has started have to be a stronger individually because they get less help from the rising tide. <\/span>
\nHere’s the 5-min S&P chart. Monday’s resistance turned into support Tuesday and Wednesday, and we still have a gap (noted in yellow). <\/span>
\n\"\"
\nEmployment numbers come out tomorrow 60-min before 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