{"id":3981,"date":"2011-02-07T08:19:20","date_gmt":"2011-02-07T13:19:20","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3981"},"modified":"2011-02-07T08:19:20","modified_gmt":"2011-02-07T13:19:20","slug":"before-the-open-feb-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3981","title":{"rendered":"Before the Open (Feb 7)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed – Hong Kong lost 1.5%. Europe is currently up across the board. Futures here in the States point towards a moderate gap up open for the cash market.
\n<\/span>
\nI don’t have anything to add to my weekend report. The trend is up. Several indexes closed Friday at new highs; several others are close. Any warning signs that has popped up the last 6 weeks has been completely ignored – the market keeps chugging along, and I see no reason to fight it. Buying the indexes and holding has been a decent strategy, but with money rotating from group to group, it has paid to follow the same rotation. Right now semiconductors, oil and uranium stocks are doing great. They won’t always lead the market, but right it’s where an active trader’s money should be. Sooner or later one of these groups will start to lag and another will grab the baton and run. Our job is to find the next group and then determine which stocks within the group are likely to perform the best.<\/span>
\nDon’t over-analyze here. Anything goes in the near term, but overall the trend is rock solid. 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