{"id":3942,"date":"2011-01-25T08:12:37","date_gmt":"2011-01-25T13:12:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3942"},"modified":"2011-01-25T08:12:37","modified_gmt":"2011-01-25T13:12:37","slug":"before-the-open-jan-25-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3942","title":{"rendered":"Before the Open (Jan 25)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Europe is currently trading mixed. Futures here in the States point towards a moderate gap down for the cash market.<\/span>
\nSo after going almost two months without a 0.5% SPX decline, the market registered its first decent loss last Wednesday, but here we are almost a week later and there’s been no follow through and the S&P is within 5 points of its high. It’s notable the Nas and Russell are still lagging, so we don’t exactly have an “all clear” situation, yet for now, the bears are once again frustrated. Lots of warning signs persist, but for the last month they’ve been ignored. I think anything goes here, and I don’t think it’s “in the charts.” I don’t think technicals matter as much right now as they have in the past. For now I’m staying conservatively long.<\/span>
\nHere’s the 60-min SPX chart. The trend is up, and if the market wants to move down, 1250 is my first target. <\/span>
\n\"\"
\nTomorrow is an FOMC announcement, so odds favor a slower-than-usual day today. <\/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