{"id":2879,"date":"2010-04-05T07:31:50","date_gmt":"2010-04-05T12:31:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2879"},"modified":"2010-04-05T07:31:50","modified_gmt":"2010-04-05T12:31:50","slug":"before-the-open-apr-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2879","title":{"rendered":"Before the Open (Apr 5)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nHalf the Asian\/Pacific markets were closed today – of the ones that traded, across the board gains were registered. Europe was closed. Futures here in the States are flat.<\/span>
\nPayroll numbers released Friday were good but not great. Futures got a boost but obviously have come back down.<\/span>
\nCrude oil is at its highest level sicne 0ct 2008.<\/span>
\nI get the sense more and more people are expecting the economy to improve going forward – they don’t expect any type of double dip or re-entry into another recession. People are starting to get comfortable. Complacency is very dangerous. <\/span>
\nThere’s no sense repeating what I put out over the weekend. The trend is up, and the breadth indicators have cycled down to low enough levels that they could lend a helping hand to an attempted move up, but a pullback or sideways trading which will allow them to continue cycling down would be ideal.<\/span>
\nHere’s the 30-min SPX chart. The trend is steady…price is getting squeezed by converging trendlines.<\/span>
\n\"\"
\nMore 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