{"id":4887,"date":"2011-09-26T07:17:29","date_gmt":"2011-09-26T12:17:29","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=4887"},"modified":"2011-09-26T07:17:29","modified_gmt":"2011-09-26T12:17:29","slug":"before-the-open-sep-26","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=4887","title":{"rendered":"Before the Open (Sep 26)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed down across the board. Indonesia lost more than 3%; Malaysia, Japan, South Korea and Taiwan lost more than 2%. Europe is currently up across the board. Germany is up more than 3%; Austria, France, Amsterdam and Switzerland are up more than 2%. Futures here in the States point towards a relatively big gap up for the cash market.
\n<\/span>
\nI don’t have anything to add to my weekend comments. If you missed the video I posted yesterday, go here<\/a>. <\/span>
\nThe trend is down, and the longer term indicators support this claim. But today is a Monday. Wall St. often can be forgetful, so even though things were pretty bad last week, the market doesn’t have to continue the weakness in the near term. This isn’t an outrageous statement. How many times has the market been super strong or weak one day and the exact opposite the next? Plus this Friday is the end of the month and quarter. Who knows? Maybe the indexes get propped up this week. Fine by me. We’ll get to short at higher levels. <\/span>
\nI heard rumors at the end of last week and over the weekend a Greece default was imminent. Perhaps this is why futures are up so much – they didn’t default. <\/span>
\nCheck out the video posted above. I’ll have more to say after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n