{"id":439,"date":"2009-06-15T06:30:52","date_gmt":"2009-06-15T11:30:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=439"},"modified":"2009-06-15T06:30:52","modified_gmt":"2009-06-15T11:30:52","slug":"before-the-open-31","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=439","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.
\nOther than a brief breakout attempt last Thursday which the small caps didn\u2019t participate in, the indexes remained in their consolidation mode. Here\u2019s the weekly. It\u2019d be nice to get some follow through to better solidify the breakout from the 4-week consolidation pattern, but resistance at 950 is still.
\n
\nHere\u2019s the daily. One pattern to the next\u2026and they\u2019re getting smaller and tighter. Can the market bust out explosively during the summer? I say yes \u2013especially given the role the government is playing, but I\u2019m not placing big bets until it happens.
\n
\nHere\u2019s the 15-min. The market has been range bound for 2 weeks, and we still have an unfilled gap below.
\n
\nThe Asian\/Pacific markets closed mostly down\u2026Europe is currently down across the board\u2026premarket futures trading here in the States suggests a large opening gap down. News from over the weekend surrounds the Group of Eight finance minister meeting where top officials said they would look to end their monetary and fiscal stimulus. Nobody will deny the government has propped up the banks (wouldn\u2019t let the weak die) and this in turn has propped up the market. The economy isn\u2019t recovering (see the unemployment numbers and housing situation), so what happens if the banks are taken off life support?
\nThe trend is up, but as stated over the weekend, there are starting to be warning signs from the breadth indicators.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch from MarketWatch<\/a>
\ntoday’s upgrades\/downgrades<\/a>
\nyesterday’s leaders & laggards<\/a>
\nthis week’s earnings & economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend. Other than a brief breakout attempt last Thursday which the small caps didn\u2019t participate in, the indexes remained in their consolidation mode. Here\u2019s the weekly. It\u2019d be nice to get some follow through to better solidify the breakout from the 4-week consolidation pattern, but resistance […]<\/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\/439"}],"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=439"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/439\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}