{"id":3535,"date":"2010-09-28T07:22:37","date_gmt":"2010-09-28T12:22:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3535"},"modified":"2010-09-28T07:22:37","modified_gmt":"2010-09-28T12:22:37","slug":"before-the-open-sep-28-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3535","title":{"rendered":"Before the Open (Sep 28)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly down – losses were moderate. Europe is currently mixed – movement is very small. Futures here in the States point towards a slightly positive open for the cash market. <\/span>
\nThe S&P got turned back by 1050 yesterday – a level I pointed out a couple weeks ago as potentially being just as significant as 1030. So far it has been, and it’s a reason why although my bias is to the upside, in my opinion, the market is not ‘in the clear.’ Here’s the SPX daily.<\/span>
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\nHere’s another shot of the daily. A small ascending triangle is forming. Further weakness to add to yesterday’s give-back would be healthy and set the stage for a more explosive breakout later. But a move above resistance now would constitute a higher high, not a breakout – a pattern that has less explosive potential.<\/span>
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\nThe trend is up…continue to manage your positions wisely.<\/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>
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