{"id":4514,"date":"2011-06-23T07:35:46","date_gmt":"2011-06-23T12:35:46","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4514"},"modified":"2011-06-23T07:35:46","modified_gmt":"2011-06-23T12:35:46","slug":"before-the-open-jun-23-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4514","title":{"rendered":"Before the Open (Jun 23)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed. China and India moved up more than 1%. Europe is currently down across the board. Almost every index is down at least 1%. Futures here in the States point towards a fairly large gap down for the cash market that will fill Tuesday’s gap up and put the indexes back in the middle of their ranges.
\n<\/span>
\nThe dollar is up about 0.6%. Gold and silver are down. Oil is down more than 2%.<\/span>
\nThe reason for the weakness most likely stems from comments Bernanke made yesterday…that issues the US economy is dealing with may be stronger and more persistent than originally thought. <\/span>
\nSo be it. We are traders. No sense fighting reality. It helps to not have a strong opinion. Then you won’t be defensive when the market moves the opposite direction.<\/span>
\nHere’s the 15-min SPX chart I’ve been working off. A few days ago I said if 1280 could be taken out, it would be a quick trip to 1290. That’s exactly what happened, but when 1290 was taken out, we didn’t get much follow through. Today’s open will be back under 1280, so for all the ups and downs the last couple weeks, the next change will be zilch. More after the open.<\/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