{"id":3413,"date":"2010-08-26T07:19:06","date_gmt":"2010-08-26T12:19:06","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3413"},"modified":"2010-08-26T07:19:06","modified_gmt":"2010-08-26T12:19:06","slug":"before-the-open-aug-26-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3413","title":{"rendered":"Before the Open (Aug 26)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed – there were no standout winners or losers. Europe is currently up across the board – there are no big winners. Futures here in the States suggest a flat open for the cash market.<\/span>
\nThe market gappped down yesterday, quickly sold off twice when bad news was released and then trended up all day and closed near its intraday high. For the market to move up in the face of bad news is a good sign for the bulls. The small caps led all day – another good positive sign. And the S&P held 1040 – a level that has brought buyers to the market on a couple occasions. <\/span>
\nIn the near term my bias is to the upside, but lots of damage has been done and lots of negatives still exist. So for now I’ll play a bounce if it materializes, but I don’t expect to be a holder. Most likely trades to the upside right now won’t last long.<\/span>
\nHere’s the S&P 60-min. Upside targets are 1060 and 1070. <\/span>
\n\"\"
\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