{"id":4052,"date":"2011-03-04T08:39:05","date_gmt":"2011-03-04T13:39:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4052"},"modified":"2011-03-04T08:39:05","modified_gmt":"2011-03-04T13:39:05","slug":"before-the-open-mar-4-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4052","title":{"rendered":"Before the Open (Mar 4)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets posted solid, across-the-board gains. Most indexes gained at least 1%. Europe is currently up across-the-board too. Gains aren&#8217;t as big as Asia, but they&#8217;re still there. Futures here in the States 90 min before the open and 30 min before the unemployment report is released are flat.<!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">Here are the numbers: <\/span><br \/>\n<span style=\"font-size: medium;\">unemployment rate: 8.9% (vs. 9.0% last month and 9.1% last month)<\/span><br \/>\n<span style=\"font-size: medium;\">nonfarm payrolls: up 192K (218K expected)<\/span><br \/>\n<span style=\"font-size: medium;\">private payrolls: (will post when I get the number)<\/span><br \/>\n<span style=\"font-size: medium;\">average workweek: unchanged at 34.2<\/span><br \/>\n<span style=\"font-size: medium;\">hourly earnings: steady at $22.87<\/span><br \/>\n<span style=\"font-size: medium;\">There hasn&#8217;t been much reaction&#8230;just near term volatility, but little net movement.<\/span><br \/>\n<span style=\"font-size: medium;\">The indexes closed yesterday at their highest level in almost two weeks. Not bad considering the situation in Libya is not subsiding and some of the selling pressure the last couple weeks has been pretty intense. <\/span><br \/>\n<span style=\"font-size: medium;\">I maintain my stance that on a longer term basis the uptrend remains in place, and shorter term, we are in consolidation mode. <\/span><br \/>\n<span style=\"font-size: medium;\">Yesterday recovered all the losses from Mar 1. A solid up day today will finish recovering all the losses from Feb 22. Volume on down days has been much heavier than volume on up days, so by no means am I throwing all caution to the wind. I don&#8217;t see a dominant near term trend, so I continue to play it safe. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">(oh and I posted some trade set ups on the Message Board)<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=4036\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=4039\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. The Asian\/Pacific markets posted solid, across-the-board gains. Most indexes gained at least 1%. Europe is currently up across-the-board too. Gains aren&#8217;t as big as Asia, but they&#8217;re still there. Futures here in the States 90 min before the open and 30 min before the unemployment report is released are flat.<\/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\/4052"}],"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=4052"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/4052\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}