{"id":2917,"date":"2010-04-14T07:27:01","date_gmt":"2010-04-14T12:27:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2917"},"modified":"2010-04-14T07:27:01","modified_gmt":"2010-04-14T12:27:01","slug":"before-the-open-apr-14","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2917","title":{"rendered":"Before the Open (Apr 14)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\nThe Asian\/Pacific markets closed up across the board. Europe is currently posting solid gains. Futures here in the States point towards a very good gap up for the cash market. It looks like we may get some movement – a welcome condition considering the intraday ranges have been contracting.<\/span>
\nINTC had earnings after yesterday’s close. The Street likes what it saw and is rewarding the stock with a 1-point gap up (almost 5%). As of the open, the stock will have almost doubled since its low in early 2009.<\/span>
\nI hate being the guy who said “but,” but you gotta watch out for a “buy the rumor, sell the news” scenario unfolding. If their earnings were fully anticipated, there may not be many buyers left; there may not be much more upside.<\/span>
\nGOOG announces tomorrow after the close.<\/span>
\nHere’s an update of the 15-min SPX chart. Today’s 5-point gap up will put the index just above the upper trendline. Day traders can guess a top with a tight stop. Swing traders shouldn’t guess tops because they end up missing big chunks of the trend.<\/span>
\n\"\"
\nHow the market reacts to INTC’s and GOOG’s reports will offer hints as to how earnings season will play out. News trumps the charts, so stay in alert mode. 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><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Wednesday. The Asian\/Pacific markets closed up across the board. Europe is currently posting solid gains. Futures here in the States point towards a very good gap up for the cash market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2917"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2917"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2917\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}