{"id":3932,"date":"2011-01-21T08:07:32","date_gmt":"2011-01-21T13:07:32","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3932"},"modified":"2011-01-21T08:07:32","modified_gmt":"2011-01-21T13:07:32","slug":"before-the-open-jan-21-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3932","title":{"rendered":"Before the Open (Jan 21)"},"content":{"rendered":"

Good morning. Happy Friday. It’s dress down Friday…is everyone wearing their Bears gear? \ud83d\ude42<\/span>
\nThe Asian\/Pacific markets closed mostly down. Indonesia, Malaysia, Japan and S. Korea lost over 1%, but China gained over 1%. Europe is currently up across the board. Belgium, France, Amsterdam and Norway are up more than 1%. Futures here in the States point towards a moderate gap up open for the cash market which will be above yesterday’s high and above Wednesday’s close.<\/span>
\nYesterday, soon after the open, I stated on the message board I didn’t think the market was going to completely fall apart because too many people had suddenly gotten bearish. That was yesterday. Today I don’t have as good of a feel. Swing trading is streaky trading. Sometimes you’re all in because the trend is rock solid and there are no warning signs; other times you’re laying low waiting for the dust to settle and better set ups to surface. The latter is the case right now. If you trade when it’s obvious and lay low when it’s not so obvious, you should be laying low right now.<\/span>
\nHere’s the 60-min SPX chart…a friendly reminder one down day doesn’t change too much.<\/span>
\n\"\"
\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