{"id":4406,"date":"2011-06-01T07:28:07","date_gmt":"2011-06-01T12:28:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4406"},"modified":"2011-06-01T07:28:07","modified_gmt":"2011-06-01T12:28:07","slug":"before-the-open-jun-1-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4406","title":{"rendered":"Before the Open (Jun 1)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed and without any standout winners or losers. Europe is currently mostly down – there are no standouts there either. Futures here in the States point towards a gap down open for the cash market.
\n<\/span>
\nThe dollar is down slightly. Gold and silver are down small amounts, and oil is basically unchanged.<\/span>
\nYesterday was a solid up day that certainly brough a smile to the bulls, but it was only one day and considering the stair-stepping action we’ve had the last month, a couple follow through days are needed to solidify the beginning of a new trend up…if a new trend up is to establish itself.<\/span>
\nI’m still in a conservative mode, and I still don’t think positions can be entered with the intentions of holding for a bigger move. Rallies are getting sold and dips bought. Trades work well for a couple days and then profits get wipped out soon after. We gotta be ahead of the curve taking profits or we’ll constantly let little 5% winners dissappear. <\/span>
\nHere are those 60-min charts again. The Nas and Russell have taken out their most recent local high – a step in the right direction. The Dow and S&P have not. More time and work are needed. More after the open.<\/span>
\n\"\"
\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