{"id":3254,"date":"2010-07-15T07:22:19","date_gmt":"2010-07-15T12:22:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3254"},"modified":"2010-07-15T07:22:19","modified_gmt":"2010-07-15T12:22:19","slug":"before-the-open-jul-15","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3254","title":{"rendered":"Before the Open (Jul 15)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed down across the board – there were a few 1% losers. Europe is currently mostly up – movement is very small. Futures here in the States point towards a gap up open for the cash market. <\/span>
\nThe S&P’s winning streak is over, but it’s not like the floor fell out yesterday. In fact I’d say yesterday was a pretty good day – to only fall a tiny amount given the rally off the low is a good performance, a performance which hints the bulls are not eager to take profits but instead still looking to buy.<\/span>
\nThis bounce is starting to feel like the beginning of a move up, not a bounce within a downtrend. A rest is needed, perhaps some backing and filling, but I expect to see higher prices. I know it doesn’t make sense, but that’s exactly why it might happen. Because nobody thinks it can.<\/span>
\nHere’s the SPX 30-min. Resistance at 1100 is just overhead, and on a longer time frame, lower highs and lower lows remain in place. This of course will need to change if we’re to have a trend reversal. But the first step has been accomplished, namely positioning the market for an attempted breakout. <\/span>
\n\"\"
\nA few new set ups were posted last night. This too is a good sign – that some playable chart patterns are starting to form. <\/span>
\nThings are looking better, but the market still may need to rest. 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 Thursday. The Asian\/Pacific markets closed down across the board – there were a few 1% losers. Europe is currently mostly up – movement is very small. Futures here in the States point towards a 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\/3254"}],"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=3254"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3254\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}