{"id":489,"date":"2009-05-22T06:30:16","date_gmt":"2009-05-22T11:30:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=489"},"modified":"2009-05-22T06:30:16","modified_gmt":"2009-05-22T11:30:16","slug":"before-the-open-59","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=489","title":{"rendered":"Before the Open"},"content":{"rendered":"

Good morning. Happy Friday.
\nIt\u2019s been a heck of a week. Strength Monday and Tuesday turned into weakness Wednesday and Thursday. As of now the SPX is posting a 5-point gain for the week. Strong markets tend to be weak early in the day and strong late and weak early in the week and strong late. This obviously isn\u2019t the current case. Nevertheless, the S&P has held support, so the consolidation continues.
\nFrom a trading perspective, we don\u2019t have a strong wind at our backs, so our holding times have gotten cut as has our position sizes. Instead of playing a breakout and being able to sit back and let the market do the work for us, we\u2019ve had to more actively manage our positions\u2026meaning our holding times have been cut. Instead of getting in and making 20% in a week or two (we had dozens of these types of trades in Mar and Apr), we\u2019ve had to be content with 5-10% moves that only lasted a day or two. We have to trade the market we\u2019re dealt, so although we\u2019d prefer holding longer, it is what it is. You adapt or you die.
\nHere\u2019s the daily. A lower high is in place and support has held. Looks like consolidation to me.
\n
\nHere\u2019s the weekly. A breakout could easily lead to a move above 1000 while a move down could see 800 quickly.
\n
\nThe market is closed Monday.
\nheadlines at Yahoo Finance<\/a>
\nstocks to watch MarketWatch<\/a><\/a>
\nupgrades\/downgrades<\/a> from breifing.com
\nyesterday’s leaders & laggards<\/a>
\nearnings & economic releases<\/a> from LeavittBrothers.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Friday. It\u2019s been a heck of a week. Strength Monday and Tuesday turned into weakness Wednesday and Thursday. As of now the SPX is posting a 5-point gain for the week. Strong markets tend to be weak early in the day and strong late and weak early in the week and strong […]<\/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\/489"}],"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=489"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/489\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}