{"id":3352,"date":"2010-08-09T07:21:40","date_gmt":"2010-08-09T12:21:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3352"},"modified":"2010-08-09T07:21:40","modified_gmt":"2010-08-09T12:21:40","slug":"before-the-open-aug-9","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3352","title":{"rendered":"Before the Open (Aug 9)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Monday. Hope you had a nice weekend.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly up, but there were no big winners. Europe is currently up across the board &#8211; most indexes have gained at least 1%. Futures here in the States point towards a gap up open for the cash market. <!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">Being today is the day after the employment numbers, normally I&#8217;d say today is more telling than Friday because often the initial knee-jerk reaction to the numbers is the wrong reaction and the second reaction is the lasting one. But today is also the day before an FOMC meeting. The market has to somehow tell us what it really thinks of the jobs report at the same time it discounts what it anticipates the Fed will say tomorrow. Sounds like a time to stand aside and let the market forces work themselves out. <\/span><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s what the market did last week. It gapped up Monday and then flat-lined all week. Only the jobs report pushed the market outside its tight range, but that was quickly recaptured on Friday afternoon. On a closing basis, the market barely moved last week.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spy080910.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Other than a day trade or two today, I don&#8217;t plan on doing much today. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3344\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3346\">Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed mostly up, but there were no big winners. Europe is currently up across the board &#8211; most indexes have gained at least 1%. 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\/3352"}],"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=3352"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3352\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}