{"id":3781,"date":"2010-12-07T08:21:16","date_gmt":"2010-12-07T13:21:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3781"},"modified":"2010-12-07T08:21:16","modified_gmt":"2010-12-07T13:21:16","slug":"before-the-open-dec-7-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3781","title":{"rendered":"Before the Open (Dec 7)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed with a bullish bias and moderate gains. Europe is currently up across the board – most markets have gained at least 1%. Futures here in the States point towards a large gap up open which will be into new high territory for all the indexes.<\/span>
\nThe big news this morning (actually last night) is a plan to extend the Bush tax cuts for two more years for everyone. By itself this won’t help the stock market much (although some of the saved money will find its way to Wall St.), but it does show there may be hope Congress and the Pres can find common ground on other issues so there won’t be two years of gridlock ahead. Anyways, the market likes the decision.<\/span>
\nThe trend is up. What more can I say? Last week I said numerous times we can loosen up a little. That means we can be more aggressive and plan on holding positions longer instead of shooting for quick 5% gains. It’s much easier nailing 30% moves than hitting 5% moves over and over. It’s also more relaxing and less stressful. 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>
\n