{"id":3967,"date":"2011-02-03T08:24:15","date_gmt":"2011-02-03T13:24:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3967"},"modified":"2011-02-03T08:24:15","modified_gmt":"2011-02-03T13:24:15","slug":"before-the-open-feb-3-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3967","title":{"rendered":"Before the Open (Feb 3)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets were mostly closed today. Europe is currently mostly down. Futures here in the States point towards a weakish open for the cash market.
\n<\/span>
\nThe market did well Mon and Tues to recover from last Friday’s big down day. Then, just as I wanted some follow through to prove the beginning of the month wasn’t just 401K money being put to work, the market rested. I still want follow through, but with most of Asian being closed, half the US somewhat papalyzed by snow and freezing temps and tomorrow’s looming jobs report, I’m not sure today is a good day to expect or demand follow through. ‘Stuff’ happens, and as traders we need to be flexible.<\/span>
\nLet’s not over-analyze here. I’ve made it pretty clear the last month the market isn’t acting normal from a technical standpoint, and now there are outside issues that need to be dealt with before the market can take a deep breath and play out as it wishes. <\/span>
\nHere’s the 60-min SPX chart. I still see no reason to guess a top. More after the open.<\/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