{"id":402,"date":"2009-07-14T06:30:26","date_gmt":"2009-07-14T11:30:26","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=402"},"modified":"2009-07-14T06:30:26","modified_gmt":"2009-07-14T11:30:26","slug":"before-the-open-9","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=402","title":{"rendered":"Before the Open"},"content":{"rendered":"<p>Good morning. Happy Tuesday.<br \/>\nThe market will look to extend yesterday\u2019s rally at today\u2019s open; the futures are up several points. The Asian\/Pacific markets already closed solidly in positive territory and Europe is currently up across the board.<br \/>\nGoldman Sachs has earnings today before the open. Also in the financial sector, JPMorgan, Bank of America and Citigroup report this week. Intel is the big tech name scheduled for after today\u2019s close.<br \/>\nHere\u2019s the bullish version of the SPX daily. A lower high and lower low are in place, but as I\u2019ve been saying, do not expect the market to collapse just because a certain level was penetrated. Trading isn\u2019t that easy. Traders often pile into individual stocks when they trade through significant levels, but it doesn\u2019t often happen with the indexes.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx071409-1.png\"><br \/>\nAnd here\u2019s the 60-min. After making a new low, the index is trying to get back into the pattern. There\u2019s a gap overhead and lots of overhead resistance.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx071409-2.png\"><br \/>\nIf the market can fill today\u2019s opening gap and then rally and close at the intraday highs again, sentiment will be neutralized. But given the time of year and declining breadth indicators and lack of decent long set ups, it\u2019ll take a heck of a lot of buying to begin another leg up. Trade the good ones and play good defense. More after the open.<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\/\/tuesdays-biggest-gaining-and-declining-stocks-200971472600\">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\/13.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 Tuesday. The market will look to extend yesterday\u2019s rally at today\u2019s open; the futures are up several points. The Asian\/Pacific markets already closed solidly in positive territory and Europe is currently up across the board. Goldman Sachs has earnings today before the open. Also in the financial sector, JPMorgan, Bank of America [&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\/402"}],"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=402"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/402\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}