{"id":4182,"date":"2011-04-12T07:25:48","date_gmt":"2011-04-12T12:25:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4182"},"modified":"2011-04-12T07:25:48","modified_gmt":"2011-04-12T12:25:48","slug":"before-the-open-apr-12-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4182","title":{"rendered":"Before the Open (Apr 12)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly down; there were several 1% losers. Europe is currently down across-the-board; almost every index is down at least 1%. Futures here in the States point towards a pretty good sized gap down for the cash market.
\n<\/span>
\nThe market has dropped 3 straight days…we haven’t had a 4-day losing streak since November.<\/span>
\nThe indexes are in consolidation mode, but charts of individual stocks are not holding up as well. Perhaps there’s some funny math going on with the indexes…they actually don’t seem representative of what’s going on.<\/span>
\nThe market feels fragile here. Over the last two weeks we’ve had several gap ups which got sold into. At some point the bulls are going to get frustrated. They wake up many mornings happy to see their accounts up only to see the gains wiped out during the day.<\/span>
\nJapan raised its atomic alert rating to the highest possible matching Chernobyl. This no doubt is responsible the worldwide losses.<\/span>
\nI’m going to still argue the overall trend is up, but as I stated over the weekend in the Index Report, the near term is much less clear. 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