{"id":422,"date":"2009-07-31T06:30:03","date_gmt":"2009-07-31T11:30:03","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=422"},"modified":"2009-07-31T06:30:03","modified_gmt":"2009-07-31T11:30:03","slug":"before-the-open-20","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=422","title":{"rendered":"Before the Open (Jul 31)"},"content":{"rendered":"<p>Good morning. Happy Friday.<br \/>\nWith one more trading day left in July, the SPX is up 67 points \u2013 pretty damn good if you ask me. To tack on those types of gains on top of a big move already in place during one of the worst months of the year\u2026that\u2019s impressive. Volume has fallen off each month since the March low, but the trend of smaller candles is broken.<br \/>\nThe index is now a stone\u2019s-throw from 1000 &#8230;<!--more-->\u2013 a significant psychological level and the top Bollinger Band on the weekly chart. Here it is.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/spx073109.png\" alt=\"\" \/><br \/>\nComing into this week, I was a little concerned the banks were lagging, but they had a good week. There\u2019s still work to be done, but this week has at least they\u2019re catching up some.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/bkx073109.png\" alt=\"\" \/><br \/>\nAs of two weeks ago, tthe Russell small caps were also lagging, but they\u2019ve caught up.<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/rut073109.png\" alt=\"\" \/><br \/>\nThe trend is up\u2026my bias is to the upside\u2026but I\u2019m still not crazy about aggressively initiating new longs. Trade but be aware of a possible blow-off top.<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\/stocks-in-focus-for-friday-2009-07-30\">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\/30.cfm\">leaders &amp; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/07\/26.cfm\">earnings &amp; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. With one more trading day left in July, the SPX is up 67 points \u2013 pretty damn good if you ask me. To tack on those types of gains on top of a big move already in place during one of the worst months of the year\u2026that\u2019s impressive. Volume has fallen [&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\/422"}],"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=422"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/422\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}