{"id":4305,"date":"2011-05-09T07:23:50","date_gmt":"2011-05-09T12:23:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4305"},"modified":"2011-05-09T07:23:50","modified_gmt":"2011-05-09T12:23:50","slug":"before-the-open-may-9","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4305","title":{"rendered":"Before the Open (May 9)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Singapore was the sole 1% winner. Europe is currenly mostly down. Losses are moderate. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nThe euro is up, the dollar is down, gold is up 1.5%, silver is up almost 3%, oil is back over $100.<\/span>
\nThe bulls have some work to do if they want to maintain the long term uptrend. The movement of the indicators still suggest last week’s pullback was just a pullback within an uptrend, but I don’t want to see prices go too much lower or the indicators deteriorate much more. The need for the bulls to defend their turf isn’t drastic. They don’t yet have their backs up against the wall. But soon they will if this week starts like last week.<\/span>
\nI am mostly in cash. I began last week long but exited Monday and went short via the reverse ETFs. I then sold my reverse ETFs on Thursday. Now I’m looking to get back in, but I’m not even sure which direction I’ll be playing. The near term is not clear, so at least for now I’ll be watching and assessing. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nyesterday’s sector performance<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n