{"id":5332,"date":"2012-02-09T08:31:59","date_gmt":"2012-02-09T13:31:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5332"},"modified":"2012-02-09T08:31:59","modified_gmt":"2012-02-09T13:31:59","slug":"before-the-open-feb-9-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5332","title":{"rendered":"Before the Open (Feb 9)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mixed; there were no 1% movers. Europe is currently mostly up; Norway and France are leading the way. Futures here in the States point towards a positive open for the cash market. <\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up slightly.<\/span>
\nYesterday the S&P closed at 1349.96 – 4 cents shy of my 1350 target I established over a month ago. But targets right now are silly because the market has a mind of its own. It’s going to do what it wants to do, and it doesn’t care about technical levels. It only cares about moving up. There are numerous reasons the market should correct or at least rest – namely the over-bought nature and numerous diverging indicators – but price action rules. As I’ve noted a couple times the last couple weeks, the current character of the market is very similar to the end of 2010 and beginning of 2011 when the market steadily and slowly moved up day after day, week after week, and the S&P gained about 300 points. <\/span>
\nMy plan is to keep doing what I’m doing until it stops working. That means I’m long good set ups from leading groups. Keep it simple. 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