{"id":5292,"date":"2012-01-30T08:28:41","date_gmt":"2012-01-30T13:28:41","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5292"},"modified":"2012-01-30T08:28:41","modified_gmt":"2012-01-30T13:28:41","slug":"before-the-open-jan-30","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5292","title":{"rendered":"Before the Open (Jan 30)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down. India lost more than 2%. China, Indonesia and South Korea dropped more than 1%. Europe is currently down across the board. Austria is down almost 3%. Belgium, France and Stockholm are down more than 1%. Futures here in the States point towards a moderate gap down open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down. <\/span>
\nThe market cracked last week. It dropped 3 of 5 days and for the first time since the beginning of December it dropped two consecutive days. Going back to the middle of December, every intraday dip and opening gap down has been bought, but last Thursday the market trended down all day. Subtle hints like these increase the odds a much needed rest is underway. Plus the divergences between the market and the AD line and AD volume line are still in place, and at the end of last week, the PC started to curl up. Needless to say this isn’t a great time to aggressively enter longs. The risk\/rewards aren’t great. If you buy stocks at the beginning of a rally, you can buy almost anything and make money because a rising tide will raise most ships. But buying later in the trend has to be done with a little more care. Such is the current situation. 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