{"id":3310,"date":"2010-07-29T07:23:43","date_gmt":"2010-07-29T12:23:43","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3310"},"modified":"2010-07-29T07:23:43","modified_gmt":"2010-07-29T12:23:43","slug":"before-the-open-jul-29","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3310","title":{"rendered":"Before the Open (Jul 29)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly up – there were no standout winners or losers. Europe is almost up across the board. Futures here in the States point towards a moderate gap up open for the cash market. <\/span>
\nAfter rallying about 60 points in 5 days, the S&P is now resting on declining volume. For the first time since the beginning of the month the market has registered two consecutive losses. As of now I don’t think it’s anything to be concerned about. After a nice run, the market is entitled to a little backing and filling. <\/span>
\nHere’s the 30-min chart. If the index continues to drift down, look for downside support at 1100 and 1090.<\/span>
\n\"\"
\nWhat I’ve seen the last two days is fairly routine, constructive and healthy for a market that may be in the beginning stages of a bigger move up. I’ll of course be monitoring things day by day, but for now, my bias remains to the upside. 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>
\n