{"id":4168,"date":"2011-04-08T07:17:56","date_gmt":"2011-04-08T12:17:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4168"},"modified":"2011-04-08T07:17:56","modified_gmt":"2011-04-08T12:17:56","slug":"before-the-open-apr-8-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4168","title":{"rendered":"Before the Open (Apr 8)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mixed and with an upward bias; Japan was the only big winner. Europe is currenly up across-the-board. Futures here in the States point towards a decent gap up open for the cash market which will put the index near the tops of their ranges.
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\nThe market has been stuck in a range for five days, and I don’t sense much pent up buying or selling pressure. Dips get bought, rallies get sold. Neither the bulls nor bears have been completely in control over the last week. <\/span>
\nYesterday the early action felt very strong; the market felt like it wanted to bust out. Then the earthquake hit Japan. This put most traders in wait-and-see mode. Now that the dust has settled and no major damage has been reported, the market can pick up where it left off yesterday morning. <\/span>
\nA near vertical rally which added 90 points to the S&P and lots of paper profits to trading accounts has not induced selling. An earthquake in Japan caused exactly 10 minutes of selling. More debt problems in Europe. A conflict in Lybia. Let’s face it…the default bias is up. You can’t trade this market any other way right now. Why fight 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>
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