{"id":2949,"date":"2010-04-23T07:25:14","date_gmt":"2010-04-23T12:25:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2949"},"modified":"2010-04-23T07:25:14","modified_gmt":"2010-04-23T12:25:14","slug":"before-the-open-apr-23","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2949","title":{"rendered":"Before the Open (Apr 23)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bearish bias. Europe is currently up across the board. Futures here in the States point towards a moderate gap up open for the cash market. <\/span>
\nWe entered this week with the near term trend potentially turning, and so far the bulls have done what they’ve been doing for months – dig their heels in and defend their turf. The market has moved up 3 of 4 days and has almost completely recovered last Friday’s stiff sell-off. The S&P is only a couple points from its high and remains in pretty good shape.<\/span>
\nHere’s the 30-min S&P chart. Whether you consider the current pattern to be a falling rectangle within an uptrend or a symmetrical triangle within an uptrend doesn’t matter. The trend is up, so my bias remains to the upside.<\/span>
\n\"\"
\nI looked at many charts yesterday. Some are broken, others are setting up nicely. There seems to be enough participating in the current move to keep the indexes pointing in the right direction. For now I see no reason to fight it or guess when it will end. Don’t get me wrong, there are warning signs. But warnings signs are just that, warnings. Price action rules. Don’t get complacent. 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 Friday. The Asian\/Pacific markets closed mixed with a bearish bias. Europe is currently up across the board. Futures here in the States point towards a moderate gap up open 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\/2949"}],"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=2949"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2949\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}