{"id":3597,"date":"2010-10-14T07:25:02","date_gmt":"2010-10-14T12:25:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3597"},"modified":"2010-10-14T07:25:02","modified_gmt":"2010-10-14T12:25:02","slug":"before-the-open-oct-14-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3597","title":{"rendered":"Before the Open (Oct 14)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bullish slant. There were a few 1% gainers. Europe is currently mostly up. Gains are small. Futures here in the States point towards a positive open for the cash market. However this will likely change because there’s a some economic data out an hour before the open.<\/span>
\nAs I stated yesterday after the close, the market is getting a little giddy, too giddy for me. It’s been too easy to make money, and when that happens, when you start thinking you’re a genius, the market has a knack for taking back some of those profits. I’m shifting into preservation\/management mode and am not looking to initiate new positions right now.<\/span>
\nMy targets for this move up have been the two trendlines drawn below. The first line did temporarily slow prices down. My second target is about 12 points away. But I don’t hold out for the targets. I don’t assume they’ll be hit. Nobody knows what the market will do. I take profits when it’s appropriate and then I look to re-enter. If I leave a couple bucks on the table, so be it. More after the open.<\/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