{"id":3738,"date":"2010-11-22T08:23:17","date_gmt":"2010-11-22T13:23:17","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3738"},"modified":"2010-11-22T08:23:17","modified_gmt":"2010-11-22T13:23:17","slug":"before-the-open-nov-22","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3738","title":{"rendered":"Before the Open (Nov 22)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed with a slight bullish slant. Europe is currently mixed with a slight bearish slant. Futures here in the States are flat.<\/span>
\nLast week was weak early in the week and strong late, and in the end the week closed close to where it opened and little changed from the previous week. <\/span>
\nThe index charts are still in uptrends when considering data going back a couple months, but over the last couple weeks, the charts are neutral. Charts of individual stocks definitely favor the upside (that just means there are many more bullish looking charts than bearish), but we haven’t been getting the same follow through as we have in the past.<\/span>
\nThe overall charts remain in good shape, the indicators are suggesting a structural change is underway. What’s right? What’s more dominant.<\/span>
\nIn the near term things aren’t clear, but over the next few months, odds favor a continuation of the uptrend. <\/span>
\nHere’s the 60-min SPX chart I posted a few times last week. Upside resistance is at 1200 and at the slanted trendline drawn.<\/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