{"id":3901,"date":"2011-01-11T08:39:47","date_gmt":"2011-01-11T13:39:47","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3901"},"modified":"2011-01-11T08:39:47","modified_gmt":"2011-01-11T13:39:47","slug":"before-the-open-jan-11-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3901","title":{"rendered":"Before the Open (Jan 11)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Europe is currently up across the board – there are several 1% winners. Futures here in the States point towards a moderate gap up open for the cash market.<\/span>
\nWe entered the new year with lots of questions. The trend was solidly up, but there were several warning signs in the form of indicators which weren’t confirming the market’s movement and divergences. This is what we’ve gotten. This is the 15-min S&P chart. Up down up down up down up. For 6 days the market has been trying to ‘right’ itself and in the process is up nicely. No complaints here. The market is much more boring and moves much slower than you think. It takes time for things to play out. <\/span>
\n\"\"
\n6 days of consolidation at a time the trend was super strong but non confirming indicators were present is not a bad thing. 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