{"id":3818,"date":"2010-12-17T08:21:19","date_gmt":"2010-12-17T13:21:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3818"},"modified":"2010-12-17T08:21:19","modified_gmt":"2010-12-17T13:21:19","slug":"before-the-open-dec-17-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3818","title":{"rendered":"Before the Open (Dec 17)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Quad Witching. On Monday the open-interest data said the market needed to be flat or slightly down this week to cause the most pain. This is exactly what has happened.<\/span>
\nThe Asian\/Pacific markets close mostly up today. Europe is currently mostly down. Futures here in the States suggest a flat open for the cash market.<\/span>
\nA top-down approach says the market is in good shape. The index charts look just fine. A bottom-up approach says the market was weakening but is now firming. I found many decent setups last night. Here’s a link to a public list at stockcharts.com with some trading ideas. Don’t vote for me because I’m going to take the list down in a couple hours anyways.<\/span>
\nA Few Trading Ideas<\/a>
\nShort term (next day or so) anything goes. Longer term (next month) my bias remains to the upside. I’m a little concerned with the lack of 52-week highs, and the extremely low level of the put\/call ratio tells us to be careful with longs. Otherwise my bias will remain up until the market tells me to change.<\/span>
\nThanks it for now. There are enough charts at the link above to keep you busy.<\/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