{"id":3199,"date":"2010-07-02T07:39:17","date_gmt":"2010-07-02T12:39:17","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3199"},"modified":"2010-07-02T07:39:17","modified_gmt":"2010-07-02T12:39:17","slug":"before-the-open-jul-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3199","title":{"rendered":"Before the Open (Jul 2)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday.<\/span><br \/>\n<span style=\"font-size: medium;\">The latest employment data is out. Here are the headline numbers&#8230;<!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">unemployment rate: 9.5%<\/span><br \/>\n<span style=\"font-size: medium;\">nonfarm payrolls: -125K<\/span><br \/>\n<span style=\"font-size: medium;\">average workweek: 34.1<\/span><br \/>\n<span style=\"font-size: medium;\">hourly earnings: -0.1%<\/span><br \/>\n<span style=\"font-size: medium;\">Futures were up a couple points heading into the numbers. The market&#8217;s reaction has been generally negative, but a lot can change between now and the opening bell.<\/span><br \/>\n<span style=\"font-size: medium;\">Yesterday the market felt like it wanted to move up but the movement was muted by today&#8217;s jobs report. Now it&#8217;s free to move as it wishes.<\/span><br \/>\n<span style=\"font-size: medium;\">Everyone and their brother is talking about the head-n-shoulder top pattern. I of course see it too. Just make sure you recognize the falling wedge all. <\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx070210-1.png\" alt=\"\" \/><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx070210-2.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">We should get movement out of the gate today, and then things will slow down ahead of the 3-day weekend. Enjoy the extra day off, and be safe. We&#8217;ll see ya Tuesday if you&#8217;re not going to stick around today.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3172\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3174\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. The latest employment data is out. Here are the headline numbers&#8230;<\/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\/3199"}],"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=3199"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3199\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}