{"id":4500,"date":"2011-06-20T07:09:38","date_gmt":"2011-06-20T12:09:38","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4500"},"modified":"2011-06-20T07:09:38","modified_gmt":"2011-06-20T12:09:38","slug":"before-the-open-jun-20","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4500","title":{"rendered":"Before the Open (Jun 20)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Monday. Hope you had a nice weekend.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly down&#8230;India lost 2% and Taiwan dropped 1.2%. Europe is currently down across the board&#8230;almost every market is down at least 1%. Futures here in the States point towards a moderate gap down open for the cash market which will put the indexes below Friday&#8217;s low.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is up about 0.5%&#8230;gold and silver are down&#8230;oil is down 1.39.<\/span><br \/>\n<span style=\"font-size: medium;\">The big news today &#8211; or lack of big news &#8211; revolves are the lack of progress regarding Greece. Europe&#8217;s finance ministers have not released the next bailout installment because Greek parliament has not agreed to pass measures to reduce the deficit and raise money by selling or developing state property. As small as Greece is, the chain reaction they could set off if they default and leave the European Union could be severe. Hence why the dollar is up&#8230;compared to the euro, the dollar is a safe haven.<\/span><br \/>\n<span style=\"font-size: medium;\">The daily index charts are worth looking at again. The Nas, S&amp;P and Russell are all close to their March lows. Last week it felt like the market was probing for a bottom. Also there are several indicators which reached levels last week to support a bounce.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/pm\/indexD062011.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">My bias remains to the short side, but the risk\/reward for initiating new shorts is not great. On the long side, I&#8217;m just not that interested except for a quick trade. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/www.briefing.com\/investor\/calendars\/upgrades-downgrades\/\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">yesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=4493\">sector performance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=4496\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=4498\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed mostly down&#8230;India lost 2% and Taiwan dropped 1.2%. Europe is currently down across the board&#8230;almost every market is down at least 1%. Futures here in the States point towards a moderate gap down open for the cash market which will put [&hellip;]<\/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\/4500"}],"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=4500"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/4500\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}