{"id":4130,"date":"2011-03-28T06:24:36","date_gmt":"2011-03-28T11:24:36","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4130"},"modified":"2011-03-28T06:24:36","modified_gmt":"2011-03-28T11:24:36","slug":"before-the-open-mar-28","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4130","title":{"rendered":"Before the Open (Mar 28)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed; there are no 1% movers. Europe is currently mixed; there are no big winners or losers. Futures here in the States point towards a positive open for the cash market, but this could change because as of this writing, the market still doesn’t open for two more hours.
\n<\/span>
\nSentiment in the near term is very bullish, perhaps too bullish.<\/span>
\nOn Friday, 811 S&P 1500 stocks hit a new 10-day high – this is the highest number since Dec 7. As of Friday’s close, 1309 S&P 1500 stocks were above their 10-day MA – the highest number since Dec 3.<\/span>
\nBacking up slightly, 1030 S&P 1500 stocks are above their 20-day MA – the highest number since Feb 18 (the high), and on Friday 344 stocks made a new 20-day high – also the highest number since Feb 18. <\/span>
\nNeedless to say, on a very short term basis, the market has gotten stretched out. The risk\/reward for new trades is not great because a little give back isn’t far off. Manage what you have, but I wouldn’t be super aggressive here with new entires. 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