{"id":3672,"date":"2010-11-03T07:21:18","date_gmt":"2010-11-03T12:21:18","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3672"},"modified":"2010-11-03T07:21:18","modified_gmt":"2010-11-03T12:21:18","slug":"before-the-open-nov-3-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3672","title":{"rendered":"Before the Open (Nov 3)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed with a bullish bias. Hong Kong gained 2%. Europe is currently mixed and little changed from yesterday’s close. Futures here in the States are flat.<\/span>
\nRepublicans gained control of the House, and although they didn’t take control of the Senate, they did pick up some seats. <\/span>
\nOne major news item out of the way, another coming up. Today at 2:15 ET, the Fed will announce its interest rate policy. Nobody expects the Fed to change rates, but market players will be listening carefully to their statement, assessment of the economy and intentions to either keep rates low and begin to raise them.<\/span>
\nThere’s no sense over analyzing things right now. The trend is solidly up…we just need to get these major news items out of the way. Here’s an update of the 30-min SPX chart. The trendlines I drew a couple days ago continue to contain the movement.<\/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