{"id":3965,"date":"2011-02-02T08:07:16","date_gmt":"2011-02-02T13:07:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3965"},"modified":"2011-02-02T08:07:16","modified_gmt":"2011-02-02T13:07:16","slug":"before-the-open-feb-2-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3965","title":{"rendered":"Before the Open (Feb 2)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed up across the board – Hong Kong, Japan and Indonesia gained more than 1%. Europe is mixed with a bearish bias – only Stockholm (down 1.8%) has moved more than 1%. Futures here in the States are flat.
\n<\/span>
\nLast Friday was the single biggest down day since August, and it has taken all of two days to completely recover the losses – not bad. The Dow and S&P are sitting at new highs. The Russell is breaking out of a falling wedge. The Nas looks great – it’s forming a bullish consolidation pattern within a solid uptrend. But as I stated yesterday, I want more. I want to make sure yesterday wasn’t one of those “first day of the month” scenarios. Here are the daily charts.<\/span>
\n\"\"
\nI posted many set ups on the message board yesterday. The fact there are so many (relatively speaking) good looking charts is a good sign. But I still think we need at least one more good up day to solidify the beginning of this leg up. The market took a step in the right direction yesterday, but it still has some proving to do. 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