{"id":3296,"date":"2010-07-26T07:21:40","date_gmt":"2010-07-26T12:21:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3296"},"modified":"2010-07-26T07:21:40","modified_gmt":"2010-07-26T12:21:40","slug":"before-the-open-jul-26","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3296","title":{"rendered":"Before the Open (Jul 26)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bullish bias – there were no standout winners or losers. Europe is currently mixed – also without any standouts. Futures here in the States point towards a flat open for the cash market. This comes off a very positive week where the indexes traded through at least one significant resistance level before closing the week near their highs. <\/span>
\nI don’t have much to add to my weekend comments. Last week was a good first step in starting a leg up, but the bulls can hardly rest. There’s still work to do, and earnings season is still front and center. As of now my bias remains to the upside.<\/span>
\nHere’s the weekly SPX. So far so good. The falling bullish wedge remains in place.<\/span>
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\nAnd here’s the 30-min chart. All I can say is the market is in the process of reversing its downtrend, but it’s far from a done deal. The S&P needs to clear itself from 1100 and take out that Jun high before a trend reversal is confirmed. <\/span>
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\nMore 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>
\n