{"id":4161,"date":"2011-04-07T07:19:40","date_gmt":"2011-04-07T12:19:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4161"},"modified":"2011-04-07T07:19:40","modified_gmt":"2011-04-07T12:19:40","slug":"before-the-open-apr-7-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4161","title":{"rendered":"Before the Open (Apr 7)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed; there was little overall movement. Europe is currently mixed; little movement there too. After trading below yesterday’s lows overnight, futures here in the States suggest a positive open for the cash market.
\n<\/span>
\nThe European Central Bank is raising its main interest rate 1\/4 point to fight inflation despite dept problems with Protugal, Greece and Ireland.<\/span>
\nDISH Network is buying Blockbuster – I have no idea why they’d buy an old-school movie rental business that has high costs and low margins.<\/span>
\nThe last two days the market has made a higher high and higher low on a day-to-day basis, but the bulls don’t have much to show for their efforts. Each pop has been sold into, so you gotta wonder how willing they will remain to buy stocks up only to have things pushed back in their faces. <\/span>
\nHere’s the 10-min S&P charts. Not much changed yesterday. We’ve had 4 days of rangbound prices. On the downside, there should be support at 1330 and then again at 1325. Then there’s a void space down to 1320. On the upside, the February high at 1344 is a level everyone is watching. <\/span>
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\nThe trend is up; don’t fight it. Don’t get lazy either.<\/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>
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