{"id":4157,"date":"2011-04-06T07:21:57","date_gmt":"2011-04-06T12:21:57","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4157"},"modified":"2011-04-06T07:21:57","modified_gmt":"2011-04-06T12:21:57","slug":"before-the-open-apr-6-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4157","title":{"rendered":"Before the Open (Apr 6)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed; China, Indonesia and Taiwan each gained more than 1%. Europe is up across the board; there are no big winners. Futures here in the States point towards a large gap up for the cash market that will put the S&P at its high of the last 3 days and about 9 point below its February high.
\n<\/span>
\nI’m not sure what the reason for the big gap up is. I don’t see any big news items. Who knows. Perhaps Wall St. likes the idea of the gov’t possibly shutting down. \ud83d\ude42<\/span>
\nHere’s the 10-min SPX chart. If the futures hold their current level, today’s open will be at the high. If shorts scramble to cover or buyers step in feeling they’ll miss the next run up, the next stop would be 1344. On the downside, there should be lots of support all the way down to 1325. Below that there’s a void space.<\/span>
\n\"\"
\nThe song remains the same. The market has a one-track mind – it wants to go up. Why fight it? It’s so much easier to trade in the direction of the trend. 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