{"id":3567,"date":"2010-10-07T07:21:02","date_gmt":"2010-10-07T12:21:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3567"},"modified":"2010-10-07T07:21:02","modified_gmt":"2010-10-07T12:21:02","slug":"before-the-open-oct-7-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3567","title":{"rendered":"Before the Open (Oct 7)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Europe is currently mixed and without any standout winners or losers. Futures here in the States are flat.<\/span>
\nWe got a big breakout day Tuesday and a relatively quiet churn day yesterday. Stocks in the cloud computing space (CRM, VMW, AKAM, CTXS, FFIV, AMZN) got crushed. Otherwise it seemed like most stocks were waiting for earnings season to begin and Friday’s employment numbers.<\/span>
\nHere’s the SPX daily. Most technicians are eying the 1173ish area – the mid May high. I’ve been eying the upper trendline drawn below which I drew a couple weeks ago. So far it’s containing the movement, so I’m going to continue believing it’s significant until it isn’t.<\/span>
\n\"\"
\nZooming in on the last two months, I see nothing wrong with the action. We got a big move off the Aug low…consolidation for a couple weeks…and now a breakout. <\/span>
\n\"\"
\nKeep an eye on the Nas. It hasn’t made a new high yet. The market goes nowhere without it.<\/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