{"id":414,"date":"2009-07-20T06:30:51","date_gmt":"2009-07-20T11:30:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=414"},"modified":"2009-07-20T06:30:51","modified_gmt":"2009-07-20T11:30:51","slug":"before-the-open-15","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=414","title":{"rendered":"Before the Open (Jul 20)"},"content":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend.<br \/>\nThe Asian\/Pacific markets closed up solidly today, and Europe is currently up across the board. Futures here in the States suggest a moderate gap up open for the cash market.<br \/>\nLast week was the biggest up week since the bottom formed in early March. Coming in July when the internals were looking bad but not horrible was a surprise. But as we know, news trumps the charts. &#8230;<!--more--><br \/>\nMy bias is to the upside, but we\u2019re not out of the woods yet. Here\u2019s the SPX weekly. Resistance created by a significant trendline which has acted as both support and resistance the last couple years is just overhead.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx072009-2.png\" alt=\"\" \/><br \/>\nAnd here\u2019s the daily. We got a clean breakout from the falling rectangle pattern but another resistance level is just overhead at 950. Expect some backing and filling soon.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx072009-1.png\" alt=\"\" \/><br \/>\nIf the market was strong\u2026if the SPX wanted to move up and visit 1000, look for a little weakness early this week and then strength later. Strong markets are usually weakish early in a day and strong late and weakish early in a week and strong into the end of the week.<br \/>\nResearch this weekend revealed a handful of decent set ups, but this is still summer and with out a dominant trend, I prefer erring on the side of taking profits quickly rather than letting trades fully play out. More after the open.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/mondays-biggest-gaining-and-declining-stocks-200972082000\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/07\/17.cfm\">leaders &amp; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/07\/19.cfm\">earnings &amp; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed up solidly today, and Europe is currently up across the board. Futures here in the States suggest a moderate gap up open for the cash market. Last week was the biggest up week since the bottom formed in early March. Coming [&hellip;]<\/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\/414"}],"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=414"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/414\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}