{"id":3622,"date":"2010-10-19T07:21:44","date_gmt":"2010-10-19T12:21:44","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3622"},"modified":"2010-10-19T07:21:44","modified_gmt":"2010-10-19T12:21:44","slug":"before-the-open-oct-19-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3622","title":{"rendered":"Before the Open (Oct 19)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\nThe Asian\/Pacific markets closed mixed with a bullish slant. Europe is currently mixed. Futures here in the States point towards a moderate gap down open for the cash market. <\/span>
\nYesterday the market closed as strong as it’s been in several weeks. Then AAPL and IBM had earnings after the close. Whether they hit their numbers or not doesn’t matter, both stocks will get down several % at today’s open. GS had earnings this morning. It too is set to gap down.<\/span>
\nMany stocks are priced to perfection because they’ve been on such incredible runs lately. Buy the rumor, sell the news is a real concept. If everyone buys in anticipation of good news, there’s no one left to buy when the good news hits. <\/span>
\nEvery index closed at a new closing high yesterday. A pullback, a rest, some consolidation – whatever you want to call it – is normal and healthy.<\/span>
\nHere’s the SPX daily. The market can pull back several days or longer and maintain its uptrend. 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