{"id":3228,"date":"2010-07-09T07:24:27","date_gmt":"2010-07-09T12:24:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3228"},"modified":"2010-07-09T07:24:27","modified_gmt":"2010-07-09T12:24:27","slug":"before-the-open-jul-9","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3228","title":{"rendered":"Before the Open (Jul 9)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe world is green. Every index in Asia\/Pacific\/Europe is up. Futures here in the States are flat.<\/span>
\nIt’s been a good week for the market. Every day has closed positive; volume has been light. All of the huge losses registered on the Jun 29 gap down and sell off have been recovered. The S&P is sitting right in the middle of its Jun 21 high and Jul 1 low. <\/span>
\nHere’s an update of the SPX 15-min chart. At the beginning of the week I set the target at 1070-1090. Here we are at 1070, but it gets harder from here. The first couple up days from an oversold level are easy – bottom feeders and short covering. But after the first thrust, it takes real buying to continue the move.<\/span>
\n\"\"
\nAnd don’t forget the bullish wedge I’ve been posting the last couple weeks. I have no idea if it’ll fully play out, but its mere presence told us not to be too bearish coming into this week. <\/span>
\nWith my trading I’m keeping everything short term. I don’t see any very good swing trade set ups. More after the open.<\/span>
\n\"\"
\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