{"id":3339,"date":"2010-08-06T07:40:59","date_gmt":"2010-08-06T12:40:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3339"},"modified":"2010-08-06T07:40:59","modified_gmt":"2010-08-06T12:40:59","slug":"before-the-open-aug-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3339","title":{"rendered":"Before the Open (Aug 6)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Europe is mostly up, but gains are small. <\/span>
\nEmployment numbers are out. Here they are:<\/span>
\nunemployment rate: 9.5% (was 9.5% last month)<\/span>
\nnonfarm payrolls: -131K (was -125K last month)<\/span>
\naverage workweek: 34.2 (was 34.1 last month)<\/span>
\nhourly earnings: +0.2% (was hourly earnings -0.1%)<\/span>
\nFutures were up a couple points heading into the numbers and then got hit hard after the release.<\/span>
\nIt’s been a very slow week. Other than the opening minutes Monday, the market has traded in a tight range on declining volume. Resistance is just overhead, and the small caps have lagged all week. The trend over the last 5 weeks has been up, but until the June high is taken out and the small caps improve, I don’t think it’s a good idea to be super aggressive on the long side. As of now today’s open will be near the bottom of this week’s range. 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