{"id":5136,"date":"2011-12-13T08:43:08","date_gmt":"2011-12-13T13:43:08","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5136"},"modified":"2011-12-13T08:43:08","modified_gmt":"2011-12-13T13:43:08","slug":"before-the-open-dec-13-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5136","title":{"rendered":"Before the Open (Dec 13)"},"content":{"rendered":"

Good morning. Happy Tuesday. Happy Fed Day.<\/span>
\nThe Asian\/Pacific markets closed mostly down. Australia, China, Japan and South Korea dropped more than 1%. Europe is currently up across the board. Stockholm is up 1.6%. Otherwise there are no other 1% winners. Futures here in the States point towards a moderate gap up open for the cash market.
\n<\/span>
\nAfter last Thursday the charts were not looking so great. There were very few good, tradeable set ups. In one day, Friday, that changed. As of Friday’s close we had numerous decent looking charts. This changed again yesterday when most of those charts suffered enough damage to no longer be considered tradeable in the near term. I can’t remember a time when the market was so irradic, so inconsistent. It’s a little frustrating. It’s been about 6 weeks since we’ve gotten a consistent flow of tradeable set ups that had a shelf life of more than a day or two. Oh well. Things will get better. We just have to be patient. The name of the game the last month has been preserving capital. <\/span>
\nWe have an FOMC meeting today. I’m not expecting any fireworks. In fact I’m not expecting anything. The situation in Europe is so dominant, nobody is talking about the Fed. They’ve already said rates will be held down for a long time, and how much can they tinker with their statement from meetint to meeting?<\/span>
\nDon’t over trade. Don’t churn your account. Your a baseball hitter, and if the pitcher doesn’t give you a good pitch to hit, stand there with the bat on your shoulder. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\nheadlines at MarketWatch<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n