{"id":391,"date":"2009-07-06T06:30:48","date_gmt":"2009-07-06T11:30:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=391"},"modified":"2009-07-06T06:30:48","modified_gmt":"2009-07-06T11:30:48","slug":"before-the-open-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=391","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice long weekend. I\u2019m a little behind returning emails, so if you sent one this weekend, it\u2019ll be returned during the day today.<br \/>\nIt looks like the market will start the new week on a down note. S&#038;P futures are down almost 8. This of course is on top of last Thursday\u2019s huge down day. The Asian\/Pacific markets already closed mostly down, and Europe is currently down across the board.<br \/>\nHere are the index daily charts. The Nas looks the best. The Dow and S&#038;P are one stiff down day from making new 2-month lows. The Russell, which tends to lead, is somewhere in the middle.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/indexes070609.png\"><br \/>\nResearch this weekend revealed many short set ups and very few decent longs. This comes on top of all the group charts which have broken down in the last couple weeks and the deteriorating breadth indicators. All signs point towards some weakness. That doesn\u2019t mean I\u2019m predicting a hysterical sell-off which takes the market down to the lows (although it\u2019s possible), it just means I favor the downside for now and most likely for the next month or so.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/07\/02.cfm\">leaders &#038; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/07\/05.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice long weekend. I\u2019m a little behind returning emails, so if you sent one this weekend, it\u2019ll be returned during the day today. It looks like the market will start the new week on a down note. S&#038;P futures are down almost 8. This of course is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/391"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=391"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/391\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}