{"id":3314,"date":"2010-07-30T07:18:38","date_gmt":"2010-07-30T12:18:38","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3314"},"modified":"2010-07-30T07:18:38","modified_gmt":"2010-07-30T12:18:38","slug":"before-the-open-jul-30","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3314","title":{"rendered":"Before the Open (Jul 30)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mostly down – there were no big losers. Europe is currently down across the board with relatively smallish losses. Futures here in the States point towards a gap down open for the cash market.<\/span>
\nIt’s been a trying week for the bulls. It started with a mini uptrend in place, and after some follow through Monday, we’ve had 3 days of selling. The losses aren’t great, but they’ve been enough to shake the confidence of the bulls.<\/span>
\nHere’s the weekly S&P…not what the bulls were hoping for coming off a week that closed above 1100.<\/span>
\n\"\"
\nIf the market is strong, if the S&P is going to move up to 1200, the bulls need to step up soon. A little give back is fine. A big give back is not. Play good defense here, and watch for a possible washout soon. 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