{"id":4068,"date":"2011-03-07T08:27:04","date_gmt":"2011-03-07T13:27:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4068"},"modified":"2011-03-07T08:27:04","modified_gmt":"2011-03-07T13:27:04","slug":"before-the-open-mar-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4068","title":{"rendered":"Before the Open (Mar 7)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you enjoyed your weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed. China rallied almost 2% while Australia, India, Japan and S. Korea dropped over 1%. Europe is currently mostly up; only Stockholm (up 1%) has moved more than 1%. Futures here in the States are flat. <\/span>
\nI don’t have much to add to the comments I made over the weekend. The overall trend remains up (see first chart below) while near term, the market is in consolidation mode…and it could be argued the indexes are forming bearish rising patterns (see second chart below).<\/span>
\nUntil things clear up, this is not a time to take big risks. If you only allow yourself to take the easy and obvious trades, you’ve been doing more sitting and watching and less trading lately because things are less clear, the near term trend is nonexistent and there are much fewer good opportunities. If you’re a day trader, eat your heart out. Last week was heaven. If you’re a swing trader, there’s no shame in laying low. More after the open.<\/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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