{"id":3983,"date":"2011-02-08T08:15:46","date_gmt":"2011-02-08T13:15:46","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=3983"},"modified":"2011-02-08T08:15:46","modified_gmt":"2011-02-08T13:15:46","slug":"before-the-open-feb-8-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=3983","title":{"rendered":"Before the Open (Feb 8)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mixed and with a slight bearish bias. Europe is currently mixed. Futures here in the States point towards a small gap down open for the cash market.
\n<\/span>
\nAll the indexes made new highs yesterday…the divergence between the S&P large caps and Russell small caps is no longer. But along with a strong market the last week comes the strongest breadth indicators in a few weeks. If the market’s strength was measured by the number of S&P 1500 stocks above their 10, 20, 30 and 40-day MAs or by the number of stocks making new 10 and 20-day highs, the market is as strong as it’s been at any time the last two months. Strong internals within an uptrend may lead to a little give back in the near term, but overall should lead to new highs down the line.<\/span>
\nHere are the 15-min and daily S&P charts. If the market wants to pull back for a day or two, 1310 is my target. If it wants to pullback for a week or so, 1275 is my target.<\/span>
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\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>
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