{"id":5323,"date":"2012-02-08T08:35:18","date_gmt":"2012-02-08T13:35:18","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5323"},"modified":"2012-02-08T08:35:18","modified_gmt":"2012-02-08T13:35:18","slug":"before-the-open-feb-8-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5323","title":{"rendered":"Before the Open (Feb 8)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed up across the board. China and Taiwan rallied better than 2%; Hong Kong, Japan and South Korea moved up at least 1%. Europe is currently posting across-the-board gains led by Austria, Amsterdam and Norway. Futures here in the States point towards a positive open for the cash market. <\/span>
\nThe dollar is down slightly. Oil and copper are up. Gold and silver are up slightly.<\/span>
\nThe market actually dropped yesterday for about 35 min (lol). Then it rallied and closed near its highs. It has a mind of its own. It wants to move up, and it’s best not to get in its way. And why would you? We’ve had many very good set ups to trade. Money is rotating among the groups. There are obvious out-performers, so this market favors a stock picker as opposed to someone who just wishes to match the indexes. Other than a couple over-extended indicators (which are just temporary), there’s no reason to be anything but long. <\/span>
\nWhen the market corrects, I’ll give some profits back and then head to the sidelines. That’s the way it goes. You can’t nail a 2-month trend and pick a top exactly.<\/span>
\nAll I can tell you is to stay long and stay on your toes. Take profits when it’s appropriate and roll money into newer positions that have great potential. Stay disciplined. 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