{"id":447,"date":"2009-06-29T06:30:02","date_gmt":"2009-06-29T11:30:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=447"},"modified":"2009-06-29T06:30:02","modified_gmt":"2009-06-29T11:30:02","slug":"before-the-open-38","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=447","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.
\nWe begin this week much the way we began last week \u2013 with the market range bound and in the middle of a 2-month range. In the grand scheme of things, the indexes have acted well. They rallied off their March lows and are now in consolidation mode. For those that watch every tick of the market very closely, there\u2019s been a lot of chopping and churning and very little follow through I either direction. But for those that sit back and look at the bigger picture, the recent action is nothing more than a consolidation period within an intermediate term uptrend.
\nThe breadth indicators suggest some internal weakness, but thus far the market has held up. The upside may be limited until the indicators firm, but this doesn\u2019t mean we should get overly bearish.
\nThe Asian\/Pacific markets closed mixed; Europe is currently up across the board. Premarket futures here in the States suggest a gap up open. Here\u2019s the 60-min chart. Today\u2019s open will be near last week\u2019s high. There\u2019s lots of resistance overhead and support down below. With the lack of follow through we\u2019ve been getting and it being summer, keep trades shorter term. Chip away and don\u2019t get greedy. More after the open.
\n
\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. We begin this week much the way we began last week \u2013 with the market range bound and in the middle of a 2-month range. In the grand scheme of things, the indexes have acted well. They rallied off their March lows and are now […]<\/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\/447"}],"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=447"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/447\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}