{"id":3628,"date":"2010-10-21T07:26:50","date_gmt":"2010-10-21T12:26:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3628"},"modified":"2010-10-21T07:26:50","modified_gmt":"2010-10-21T12:26:50","slug":"before-the-open-oct-21-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3628","title":{"rendered":"Before the Open (Oct 21)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a slight bullish bias. Europe is currently up across the board – there are a couple 1% winners. Futures here in the States point towards a moderate gap up open for the cash market.<\/span>
\nFutures were flat as of about 3:00 in the morning and then moved steadily up, so the gains aren’t due to any news out yesterday after the bell or this morning.<\/span>
\nAs of now I don’t think the situation has changed relative to a week ago. The trend is up, and I’m only interested in the long side, but risk is elevated. Stocks are gapping big after releasing earnings, and there may be some anxiety heading into the election. Even though the market was up yesterday and is indicated up today, I think it’s best to be much less aggressive. Position sizes should be kept smaller and profits taken quicker. The easy money has been made, so things are a little more difficult in the near term. More after the open.<\/span>
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\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