{"id":4464,"date":"2011-06-13T07:22:15","date_gmt":"2011-06-13T12:22:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4464"},"modified":"2011-06-13T07:22:15","modified_gmt":"2011-06-13T12:22:15","slug":"before-the-open-jun-13","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4464","title":{"rendered":"Before the Open (Jun 13)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down – Indonesia and Taiwan lost more than 1%. Europe is currently trading mixed – not all the markets are open. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nI don’t have anything to add to my weekend report. The market is in bad shape for various reasons, but markets don’t move in straight lines for long. I expect a bounce sooner rather than later. It’s fine to take partial profits on shorts, but I’d maintain some exposure just in case the market melts down. If we do get a bounce, it’ll be shortable. We’ve haven’t had a complete washout, and as of now, there isn’t any catalysts looming that could turn the negative sentiment around.<\/span>
\nThe dollar is down. Gold, silver and oil are down too. <\/span>
\nOne chart I forgot to post yesterday was the VIX chart. Here it is…very odd that with the market’s recent weakness, the VIX has barely budged. I’m guessing there’s some funny math going on that’s related to the index’s lack of downward movement. Many stocks have gotten hit hard the last month yet the indexes are only down 6-7%. Doesn’t make much sense. I’m going to look into how the VIX is calculated.<\/span>
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\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