{"id":3970,"date":"2011-02-04T08:48:00","date_gmt":"2011-02-04T13:48:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3970"},"modified":"2011-02-04T08:48:00","modified_gmt":"2011-02-04T13:48:00","slug":"before-the-open-feb-4-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3970","title":{"rendered":"Before the Open (Feb 4)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday.<\/span><br \/>\n<span style=\"font-size: medium;\">Several Asian\/Pacific markets were still closed today. The ones that were open gained ground. Europe is currently mostly up &#8211; gains are small. Prior to the jobs report, futures in the US were flat.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The employment numbers are out. Here they are:<\/span><br \/>\n<span style=\"font-size: medium;\">unemployment rate: 9.0% (vs 9.4%)<\/span><br \/>\n<span style=\"font-size: medium;\">nonfarm payrolls: up 36K (vs 140K estimate)<\/span><br \/>\n<span style=\"font-size: medium;\">private payrolls: (will be posted when I find the number)<\/span><br \/>\n<span style=\"font-size: medium;\">average workweek: (will be posted when I find the number)<\/span><br \/>\n<span style=\"font-size: medium;\">hourly earnings: (will be posted when I find the number)<\/span><br \/>\n<span style=\"font-size: medium;\">As always it&#8217;s not the numbers that are importat but the market&#8217;s reaction to them. Right now the overall reaction is negative, but futures aren&#8217;t exactly selling off hard. The 9% unemploymet rate is a nice headline, but it&#8217;s a big concern that only 36K jobs were created. That&#8217;s not even enough to keep up with the population growth. <\/span><br \/>\n<span style=\"font-size: medium;\">I don&#8217;t have much to add to what I&#8217;ve stated several times this week. The trend is up..there are a few warning signs, but the market doesn&#8217;t seem to care. Wall St. has taken the Egypt situation in stride and hasn&#8217;t been bothered by news here in the States either. Whether it makes sense or not, it&#8217;s onward and upward. <\/span><br \/>\n<span style=\"font-size: medium;\">I am long, but I&#8217;m staying on my toes. I did massive research last night and was pleasantly suprised by the number off good looking charts. One of these days the market will actually pull back, but it&#8217;s impossible to say when it&#8217;ll happen. Ride the uptrend for everything it&#8217;s worth, and have an exit strategy. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3953\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3955\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. Several Asian\/Pacific markets were still closed today. The ones that were open gained ground. Europe is currently mostly up &#8211; gains are small. Prior to the jobs report, futures in the US were flat.<\/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\/3970"}],"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=3970"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/3970\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}