{"id":4644,"date":"2011-07-21T07:36:46","date_gmt":"2011-07-21T12:36:46","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4644"},"modified":"2011-07-21T07:36:46","modified_gmt":"2011-07-21T12:36:46","slug":"before-the-open-jul-21-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4644","title":{"rendered":"Before the Open (Jul 21)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed and perhaps with a slight upward bias, but China dropped 1%. Europe is currently mixed; Stockholm is down 1.3%. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nAfter recapturing 5 days of losses in a single swoop, the market rested yesterday. Overall it’s done a nice job holding up when many thought it would cave in. The week began with the indexes near the mid point of their June low and July high, and right now it’s near the mid point of its July low and high. Rallies get sold, dips get bought. In the end the market hasn’t moved much since mid February. It pays to be open-minded and flexible and to not harbor strong opinions.<\/span>
\nHere’s the 15-min SPY chart…an 8-day base with two relatively large gaps overhead. The fun begins when resistance gets taken out. We either get a quick 10-point S&P move up or we get a false breakout and at least a 10-point drop. I’m of course just talking to short term traders.<\/span>
\n\"\"
\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