{"id":400,"date":"2009-07-13T06:30:01","date_gmt":"2009-07-13T11:30:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=400"},"modified":"2009-07-13T06:30:01","modified_gmt":"2009-07-13T11:30:01","slug":"before-the-open-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=400","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend.<br \/>\nI don\u2019t have much to add to my weekend comments. I showed bullish and bearish versions of the daily charts and concluded that my bias remained to the downside because the breadth indicators were off their highs but still had room to move down before hitting oversold levels.<br \/>\nHere\u2019s the SPX 60-min chart. Since mid June, the trend has been down; new 2-month lows were registered last week.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx071309-1.png\"><br \/>\nThe Asian\/Pacific markets closed mostly down today; Europe is currently mostly up. Futures here in the States suggest a gap up open.<br \/>\nEarnings season is here. Let\u2019s see if companies that do well are rewarded or if positive results are already priced in\u2026or if companies that don\u2019t do well are punished or if negative results are expected. The market tends to act erratically the first week or so of earnings season and then settle into a trend.<br \/>\nThat\u2019s it for now. Here\u2019s a shorter term chart. If the market can move up, there\u2019s lots of overhead resistance in the form of traders\/investors who are hoping to \u201cget out even.\u201d<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx071309-2.png\"><br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/stocks-in-focus-for-monday-2009710193200\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/07\/10.cfm\">leaders &#038; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/07\/12.cfm\">earnings &#038; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend. I don\u2019t have much to add to my weekend comments. I showed bullish and bearish versions of the daily charts and concluded that my bias remained to the downside because the breadth indicators were off their highs but still had room to move down before [&hellip;]<\/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\/400"}],"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=400"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/400\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}