{"id":378,"date":"2009-07-01T06:30:19","date_gmt":"2009-07-01T11:30:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=378"},"modified":"2009-07-01T06:30:19","modified_gmt":"2009-07-01T11:30:19","slug":"before-the-open-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=378","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Wednesday.<br \/>\nWith unemployment numbers out 60 minutes before tomorrow\u2019s open, I\u2019d expect today to be on the slower side. Then after the first hour of trading tomorrow, the market will be dead as many traders take an even longer weekend (the market is closed Friday).<br \/>\nThe market closed yesterday in the middle its 2-month range. Rallies get sold; dips get bought. After two months the market is unchanged.<br \/>\nThe market moves up; the bulls get excited. The market moves down; the bears get excited. But he who\u2019s happy one day is frustrated the next.<br \/>\nThis choppy \u201crinse and repeat\u201d process has messed up a lot of charts. Obvious support and resistance levels are harder to determine, so entries are more difficult to identify.<br \/>\nAll we can do is trade the market we\u2019re given, and right now that means shorter time frames and quicker profits. Shoot for singles and an occasional double. No swinging for the fences right now.<br \/>\nHere\u2019s the 60-min chart\u2026lots of choppy action\u2026very little overall movement.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/stocks-options-futures-trading-before-the-open\/images\/spx070109.png\"><br \/>\nDon\u2019t over trade. More after the open.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/stocks-in-focus-for-wednesday-2009630184800\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/06\/30.cfm\">leaders &#038; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/06\/28.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Wednesday. With unemployment numbers out 60 minutes before tomorrow\u2019s open, I\u2019d expect today to be on the slower side. Then after the first hour of trading tomorrow, the market will be dead as many traders take an even longer weekend (the market is closed Friday). The market closed yesterday in the middle [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/378"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=378"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/378\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}