{"id":2980,"date":"2010-05-03T07:35:40","date_gmt":"2010-05-03T12:35:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=2980"},"modified":"2010-05-03T07:35:40","modified_gmt":"2010-05-03T12:35:40","slug":"before-the-open-may-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=2980","title":{"rendered":"Before the Open (May 3)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down – there were a couple 1% losers. Europe is currently mostly down – losses are minimal. Futures here in the States point towards a positive open for the cash market. This comes off a very weak Friday and the market’s first sizable weekly loss since early February.<\/span>
\nI don’t have much to add to my weekend report. The long term trend is still solidly up (see weekly chart below) and the shorter term chart seems to be topping. Volume has picked up, the intraday ranges have grown and volatility has expanded – all items that more likely than not are indicative of a top rather than a simple consolidation period (see daily chart below).<\/span>
\nThe weekly…<\/span>
\n\"\"
\nThe daily…<\/span>
\n\"\"
\nAs a trader, I’m trained to not care if the market goes up or down. I’ve ridden the uptrend for all it’s worth, and if the market wants to rollover and either temporarily correct or trend down, that’s perfectly fine. I’m not one to argue with the market – it has the final say. I’ll do whatever it tells me to do. I trade what is happening, not what I think should 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><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed mostly down – there were a couple 1% losers. Europe is currently mostly down – losses are minimal. Futures here in the States point towards a positive 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\/2980"}],"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=2980"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/2980\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}