{"id":5038,"date":"2011-11-16T08:28:55","date_gmt":"2011-11-16T13:28:55","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5038"},"modified":"2011-11-16T08:28:55","modified_gmt":"2011-11-16T13:28:55","slug":"before-the-open-nov-16-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5038","title":{"rendered":"Before the Open (Nov 16)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed down across the board. China and Hong Kong dropped more than 2%. New Zealand, South Korea and Taiwan lost more than 1%. Europe is mixed; there are no 1% movers. Futures here in the States point towards a moderate gap down open for the cash market.<\/span>
\nThe dollar has taken out its high from last week. Oil is consolidating just under 100. Copper has put in a lower high.<\/span>
\nTechnically the market remains in decent shape. A solid rally has been followed by three weeks of consolidation. News has mostly been negative, but prices have held up just fine. Relatively speaking this is a very good. I sense the market wants to move up, but right now Europe won’t let it. Here are the daily index charts. Again, they look good. We just need some good news from Europe (Italian bonds yielding 7% and Spanish bonds yielding 6% are not good news).<\/span>
\n\"\"
\nDon’t over trade. Don’t chop your account. More 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