{"id":2905,"date":"2010-04-12T07:33:14","date_gmt":"2010-04-12T12:33:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2905"},"modified":"2010-04-12T07:33:14","modified_gmt":"2010-04-12T12:33:14","slug":"before-the-open-apr-12","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2905","title":{"rendered":"Before the Open (Apr 12)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed – there were no big winners or losers. Europe is currently mixed – most indexes are close to their unchanged level. Futures here in the States are flat. <\/span>
\nThis comes off a good week (the market’s 6th consecutive up week and 8th of the last 9) which saw all the indexes close at their high tick. <\/span>
\nThe trend remains solidly up, but we can’t relax just yet because potential resistance is front and center. The Dow is 3 points under 11,000; the S&P is 6 points under 1200; and the Russell has cleared 700 but hasn’t followed through yet. <\/span>
\nHere’s the S&P 60-min chart. What can I say? Higher highs and higher lows – it keeps grinding up. Every time the market drops for one single day the bears get excited, and then a couple days later new highs are made.<\/span>
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\nOne of these days the trend will end and the market will correct. When it happens, I’ll cash out and buy a couple reverse ETFs. But I see no reason to guess when it will happen. 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