{"id":4116,"date":"2011-03-22T07:32:55","date_gmt":"2011-03-22T12:32:55","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4116"},"modified":"2011-03-22T07:32:55","modified_gmt":"2011-03-22T12:32:55","slug":"before-the-open-mar-22-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4116","title":{"rendered":"Before the Open (Mar 22)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nI don’t think my situation has changed since yesterday. Thanks to warm temps, low humidity, zero precipitation and high winds the fire has spread. It’s now burned over 850 acres, and crews are having a hard time containing it on its north side. If the wind shifts to the east, I would not have to evacuate immediately, but I’d probably get a warning that evacuations could happen at any time on short notice.
\n<\/span>
\nThe Asian\/Pacific markets closed mostly up. Japan rallied better than 4%; no other index move up 1%. Europe is currently mixed with a bearish bias. Futures here in the States are flat.<\/span>
\nThe market went through a period where for 4 out of 5 days, decliners were 80%. Now we’ve had three consecutive days where advancers have been 70%. Quite a turn. The S&P is now above its pre earthquake levels, but it’s now bumping up against the three weeks of consolidation that took place at the end of Feb and beginning of Mar. <\/span>
\nIf the market was weak and if it is meant to drop back down and make a lower low, it shouldn’t bounce much more. If it does continue up, I’m going to start thinking a dip will be buyable. <\/span>
\nFor now be very very nimble. This is still very much a news driven market, so I continue to believe a 20-point SPX move in either direction can happen at any time (like yesterday). This is not a time to take chances. More after the open.<\/span>
\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>
\n