{"id":3906,"date":"2011-01-13T08:20:56","date_gmt":"2011-01-13T13:20:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3906"},"modified":"2011-01-13T08:20:56","modified_gmt":"2011-01-13T13:20:56","slug":"before-the-open-jan-13-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3906","title":{"rendered":"Before the Open (Jan 13)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Europe is currently mixed and without any noticeable winners or losers. Futures here in the States are flat.<\/span>
\nYesterday the S&P broke out of its 7-day range but then went nowhere. The Russell also made a new high, so the negative divergence between the small caps and large caps has been negated (I stated over the weekend this divergence plays out over a couple weeks, not a single day).<\/span>
\nHere’s the 60-min SPX chart. The market has been pretty boring because we haven’t gotten much up and down movement. It’s been mostly up, and that’s why I’ve repeatedly said it’s better to take good positions and hold than try to trade in and out. The big money is made riding the big trends while sitting on your hands, not over trading.<\/span>
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\nNo need to over analyze things. Sooner or later we’ll have stiff down day or down week and the bears will come out and say: “I told you so”…if the bears have any money left. 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