{"id":5296,"date":"2012-01-31T08:30:16","date_gmt":"2012-01-31T13:30:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5296"},"modified":"2012-01-31T08:30:16","modified_gmt":"2012-01-31T13:30:16","slug":"before-the-open-jan-31-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5296","title":{"rendered":"Before the Open (Jan 31)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Hong Kong, India and Taiwan each rallied more than 1%. Europe is currently up across the board. Austria, France, Germany, Amsterdam and Stockholm are up more than 1%. Futures here in the States point towards a moderate gap up open for the cash market.
\n<\/span>
\nThe dollar is down. Oil and gas are up. Gold and silver are up.<\/span>
\nOnce again we got a sizable move down yesterday that got bought up. This has been commonplace the last six weeks. Dips get bought. Gap downs get bought. The bulls are resilient. As of now, today’s open will be near Friday’s close, so yesterday’s gap down and push lower will be completely recovered. Not only that. The market has dropped 4 of the last 5 days, yet the S&P has only lost about 2 points. Even when the bears have the upper hand, they aren’t able to completely take control.<\/span>
\nHere are the S&P levels I’ll be watching\/targeting today…<\/span>
\nOn the upside, 1318-1319 (approx today’s open)…then 1325…then 1329-1330.<\/span>
\nOn the downside, 1308-1309…then 1305…then 1298ish.<\/span>
\n\"\"
\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