{"id":404,"date":"2009-07-15T06:30:15","date_gmt":"2009-07-15T11:30:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=404"},"modified":"2009-07-15T06:30:15","modified_gmt":"2009-07-15T11:30:15","slug":"before-the-open-10","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=404","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Wednesday.
\nSo the market rallied big on Monday in anticipation of Goldman\u2019s earnings and now futures are up big premarket after Intel\u2019s great numbers. Expectations had been lowered enough to make beating estimates much easier; that\u2019s how Wall St. works. As the market falls, analysts downgrade companies and lower expectations. Then companies which are doing ok but not great suddenly beat those estimates. The market pops and the game continues.
\nThose bullish index charts I posted over the weekend are looking more and more promising. There\u2019s still work to be done\u2026they have to breakout to the upside and forcefully take out the most recent high from within the pattern\u2026but so far, so good. Here are those charts.
\n
\nHere\u2019s the SPX 60-min. If the futures hold their current level, the index will open in the middle of the gap.
\n
\nComing into today, the SPX is down 13.5 for the month. Futures are up 12.5. How frustrated will the bears be if the index goes positive for the month?
\nYesterday I said it\u2019d be small victory for the bulls if the opening gap could fill and then the market move up and close at the highs. It happened. Today I have the same thoughts although filling an 12.5-point gap is a little much if indeed the market was strengthening.
\nPlay the good ones and play good defense. Trade what happens, not what you want to happen or think should happen. This is important. Don\u2019t get caught trading what you think should happen or is supposed to happen.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch from MarketWatch<\/a>
\ntoday’s upgrades\/downgrades<\/a>
\nyesterday’s leaders & laggards<\/a>
\nthis week’s earnings & economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Wednesday. So the market rallied big on Monday in anticipation of Goldman\u2019s earnings and now futures are up big premarket after Intel\u2019s great numbers. Expectations had been lowered enough to make beating estimates much easier; that\u2019s how Wall St. works. As the market falls, analysts downgrade companies and lower expectations. Then companies […]<\/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\/404"}],"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=404"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/404\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}