{"id":5237,"date":"2012-01-13T08:25:55","date_gmt":"2012-01-13T13:25:55","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5237"},"modified":"2012-01-13T08:25:55","modified_gmt":"2012-01-13T13:25:55","slug":"before-the-open-jan-13-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5237","title":{"rendered":"Before the Open (Jan 13)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly up. China dropped 1.3%, and Japan and Singapore moved up 1.4% and 1.8% respectively. Europe is currently mostly up. Austria is up 1.8% and France 1%. Futures here in the States point towards a negative open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The market keeps going and going. The S&amp;P has moved up 15 of the last 19 days and 22 of the last 32. Every dip gets bought; every gap down gets bought. Complacency is high. Fear is nowhere to be found. <\/span><br \/>\n<span style=\"font-size: medium;\">But it&#8217;s a little fishy to me that if you eliminate the opening tick every day, there has been no net gain this year. Last week the market gapped up on Tuesday and then closed the following Monday exactly where it opened &#8211; no net change.  This week the market again gapped up on Tuesday and again it hasn&#8217;t changed since then. Eight days of trading (seven of them closed up) with no net change whatsoever except for two gap ups. Hmmmm.<\/span><br \/>\n<span style=\"font-size: medium;\">My bias of course remains to the upside. There are lots of bullish patterns to trade and virtually no good bearish ones. But I&#8217;m staying on my toes.<\/span><br \/>\n<span style=\"font-size: medium;\">The market is closed on Monday for MLK Day. That makes today the day before a 3-day holiday weekend. The market has been very slow for two weeks, and it&#8217;s not likely to suddenly come to life today. Next week the holiday season officially ends. Hopefully we&#8217;ll start getting some intraday movement. More after the open.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/www.marketwatch.com\/story\/newsviewer\">MarketWatch<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/www.briefing.com\/investor\/calendars\/upgrades-downgrades\/\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5216\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5218\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. The Asian\/Pacific markets closed mostly up. China dropped 1.3%, and Japan and Singapore moved up 1.4% and 1.8% respectively. Europe is currently mostly up. Austria is up 1.8% and France 1%. Futures here in the States point towards a negative open for the cash market.<\/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\/5237"}],"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=5237"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5237\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}