{"id":4074,"date":"2011-03-09T08:22:58","date_gmt":"2011-03-09T13:22:58","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4074"},"modified":"2011-03-09T08:22:58","modified_gmt":"2011-03-09T13:22:58","slug":"before-the-open-mar-9-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4074","title":{"rendered":"Before the Open (Mar 9)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. There were no 1% movers in either direction. Europe is currently mixed and with a bullish bias. Futures here in the States point towards a flat open for the cash market. <\/span>
\nThis comes off a day the market rallied hard to recapture its large losses from the previous day and settle near the middle of its recent range. From here anything goes. A good up day will put the indexes at 3-week highs and within striking distance of multi-year highs. A bad day will put them at their lowest levels since early Feb. With the ups and downs and inability for either the bulls or bears to take control, anything goes. <\/span>
\nThe wild card is still Libya and the Middle East. Wall St. seems to have digested the situation in Libya pretty well, but what if protests spread to other areas such as Saudi Arabia, a much more influential oil exporting country.<\/span>
\nHere’s the 15-min SPX chart going back 13 days. Other than a brief time on the 24th, all the data fits within a 32-point range. Rallies get sold, dips get bought. If you’re bullish, you’ve gone back and forth between being happy and being worried. The same for the bears. I’ve been playing it safe…that means shorter term trades and a lot more cash. 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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