{"id":444,"date":"2009-06-08T06:30:59","date_gmt":"2009-06-08T11:30:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=444"},"modified":"2009-06-08T06:30:59","modified_gmt":"2009-06-08T11:30:59","slug":"before-the-open-36","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=444","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.
\nThe indexes made new highs last Friday but then sold off immediately and closed with small losses. Supposedly the number of people filing to collect unemployment dropped yet the unemployment rate increased more than expected.
\nThe trend continues to be up, so my bias remains on the long side. But this isn\u2019t exactly a rip-roaring rally. Over the last 6 weeks the number of down days has matched the number of up days. The market of course is up over this time period because the gains on the up days have been bigger then the losses on down days, but while we\u2019ve complimented the bulls because every dip has gotten bought, the bears haven\u2019t let the market run wild. Given the gains you\u2019d think it was \u201c2 steps forward, 1 step back\u201d or \u201c4\/5 steps forward, 2 steps back\u201d and then onwards and upwards again. But that hasn\u2019t been the case. It\u2019s more like \u201c1 big step forward, 1 moderate step back.\u201d Over 6 weeks, there\u2019s a pretty good net gain and of course many individual stocks have done well, but the day to day action is frustrating because there\u2019s a lack of follow through. Oh well. It is what it is. The trend is up, and if you want to be less bullish, fine. But I see no reason to be bearish.
\nHere\u2019s the SPX daily\u2026slow and steady. Even though my target is 975, 950 is resistance from early January.
\n
\nheadlines at Yahoo Finance<\/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. The indexes made new highs last Friday but then sold off immediately and closed with small losses. Supposedly the number of people filing to collect unemployment dropped yet the unemployment rate increased more than expected. The trend continues to be up, so my bias remains […]<\/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\/444"}],"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=444"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/444\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}