{"id":3760,"date":"2010-11-30T08:22:54","date_gmt":"2010-11-30T13:22:54","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3760"},"modified":"2010-11-30T08:22:54","modified_gmt":"2010-11-30T13:22:54","slug":"before-the-open-nov-30-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3760","title":{"rendered":"Before the Open (Nov 30)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly down – China and Japan lost more than 1%. Europe is currently mostly down – losses aren’t big. Futures here in the States point towards a moderate gap down open for the cash market. This comes off a surprise vertical rally the last 90 minutes yesterday which closed the S&P in the middle of its 2-week range. Here’s the 60-min SPX chart I posted several times last week. The market is unchanged over the last two weeks and unchanged since the end of Oct. <\/span>
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\nDon’t harbor too strong of a bias here. We’ve had several sudden moves up and down the last two weeks, and in the end the market has gone nowhere. We’re still getting lots of mixed signals…the charts look decent, but the indicators suggest more downside is coming…the time of year and Fed action say up is the path of least resistance, but historical tendencies have been completely ignored lately, and the market has not responded positively to POMO days the last two weeks. There is no clear bias here in the short term. 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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