{"id":4609,"date":"2011-07-13T07:24:37","date_gmt":"2011-07-13T12:24:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4609"},"modified":"2011-07-13T07:24:37","modified_gmt":"2011-07-13T12:24:37","slug":"before-the-open-jul-13-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4609","title":{"rendered":"Before the Open (Jul 13)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up; China, Hong Kong, India and Indonesia each rallied more than 1%. Europe is currently mostly up, but there are no big winners. Futures here in the States point towards a moderate gap up open for the cash market.<\/span>
\nThe dollar is down 0.6%. Oil is flat. Gold and silver are up.<\/span>
\nHere’s the 60-min chart since the beginning of the year. We’ve had 5 swings that have gone for at least 80 points. Dips get bought, rallies get sold. In the end the market is up a little, but begin an objective trader has been much better than having a bias and sticking with it. If you’re bullish, you’ve gone back and forth between being happy and being frustrated. Same thing for being bearish. Unless there’s a solid trend in place, it pays to be open minded and flexible. <\/span>
\n\"\"
\nI remain in wait-and-see mode. To me trading is sporadic; the market gives us unequal opportunities. Sometimes it’s easy to trade; other times it’s not giving us many good pitches to swing at. The latter is the current state of affairs. There aren’t many very good patterns to be had. Fine with me. I have no problem sitting and patiently waiting for better risk\/reward set ups and a more obvious near term trend. More after the open.<\/span>
\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