{"id":5359,"date":"2012-02-17T08:22:34","date_gmt":"2012-02-17T13:22:34","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5359"},"modified":"2012-02-17T08:22:34","modified_gmt":"2012-02-17T13:22:34","slug":"before-the-open-feb-17-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5359","title":{"rendered":"Before the Open (Feb 17)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Friday. Happy Options Expiration Day.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed up across the board. Hong Kong, Indonesia, Japan and South Korea rallied more than 1%. Europe is up across the board. Austria, France, Germany and Stockholm are up 1% or more. Futures here in the States point towards a positive open for the cash market.<!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is down. Oil and copper are up slightly. Gold and silver are up small amounts.<\/span><br \/>\n<span style=\"font-size: medium;\">Yesterday the market put in its best up day in a couple weeks. It was solid for both the point gain and also because all the gains took place during regular trading hours. Previous solid up days gapped up and then flat-lined all day. Yesterday opened close to unchanged and then rallied all day &#8211; finally a playable trend up day. Here are the index charts. The Nas and S&amp;P closed at new highs. The Dow is nicely set up in a small flag pattern within an uptrend. The Russell has been lagging but acted great yesterday.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/pm\/index021612.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">The indicators are mixed right now. Heading into this week, they pointed towards a needed correction (from a technical standpoint), but things have started to turn. The AD line and AD volume line have started to curl up, but the PC and new highs still need more time or a pullback to negate their bearish leanings. A solid up day today would go a long way putting most indiators back in bull mode. I posted many very good set ups in yesterday&#8217;s PM Obs. 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=5338\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5340\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n var gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\"); document.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[\n var pageTracker = _gat._getTracker(\"UA-6273151-1\"); pageTracker._initData(); pageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Friday. Happy Options Expiration Day. The Asian\/Pacific markets closed up across the board. Hong Kong, Indonesia, Japan and South Korea rallied more than 1%. Europe is up across the board. Austria, France, Germany and Stockholm are up 1% or more. Futures here in the States point towards a positive open for the [&hellip;]<\/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\/5359"}],"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=5359"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5359\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}