{"id":3696,"date":"2010-11-08T08:22:17","date_gmt":"2010-11-08T13:22:17","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3696"},"modified":"2010-11-08T08:22:17","modified_gmt":"2010-11-08T13:22:17","slug":"before-the-open-nov-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3696","title":{"rendered":"Before the Open (Nov 8)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed and with a bullish slant. Europe is currently mixed and without any standout winners or losers. Futures here in the States point towards a small gap down open for the cash market. <\/span>
\nThis of course comes off a week many market participants thought there’d be some selling pressure after the elections (buy the rumor, sell the news) which didn’t happen because, well, there was too many people that thought it would. Now the bulls are giddy and relieved and the bears are totally frustrated and those who cashed out are scared they’re going to miss the next leg up. It would make perfect sense for the market to give some back this week – exactly what many thought would happen last week but a week delayed.<\/span>
\nHere’s the 30-min SPX chart I’ve been posting. The relatively gentle move up popped last week. There’s nothing technically wrong with this chart…even a 30-point pullback would not destroy the trend.<\/span>
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\nThe trend is up…don’t fight it…but be on the lookout for a correction. More after the open.<\/span>
\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>
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