{"id":3872,"date":"2011-01-05T08:28:51","date_gmt":"2011-01-05T13:28:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3872"},"modified":"2011-01-05T08:28:51","modified_gmt":"2011-01-05T13:28:51","slug":"before-the-open-jan-5-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3872","title":{"rendered":"Before the Open (Jan 5)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Europe is currently down across the board – many indexes are down at least 1%. Futures here in the States point towards a moderate gap down open for the cash market. <\/span>
\nOn Monday the market was strong early and weak late. On Tuesday it was weak early and strong late. Heading into this new year the trend was up, but there were plenty of warning signs keeping us on our toes. It wasn’t a time to sit back and be comfortable. We’ve gotten a little for both the bulls and bears. For the bulls, a new high was made. For the bears each move up so far has been sold into. The bears are trying to take control, but the bulls won’t go down without a fight. <\/span>
\nHere’s the 15-min SPY chart. Today’s open will be near yesterday’s low. Odds favor any rally attempt getting sold into until Monday’s gap up fills.<\/span>
\n\"\"
\nThat’s it for now. I’m not taking big chances here. The market is trying to figure out what it wants to do. <\/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