{"id":5377,"date":"2012-02-23T08:28:03","date_gmt":"2012-02-23T13:28:03","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5377"},"modified":"2012-02-23T08:28:03","modified_gmt":"2012-02-23T13:28:03","slug":"before-the-open-feb-23-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5377","title":{"rendered":"Before the Open (Feb 23)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly down, but only South Korea dropped 1%. Europe is currently mixed; there are no 1% movers. Futures here in the States point towards a flat open for the cash market. <\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up.<\/span>
\nThe market keeps chugging along. It’s been hard to trade the indexes because instead of getting a couple steps forward and then a step back, we’re getting baby steps forward almost every day. The day to day movement hasn’t always been easy to work with because we’ve gotten lost of gaps and the intraday ranges have been small, but the net change over time is effective. It’s been a market you want to buy and hold rather than constantly trade in and out of. But if you trade individual stocks, it’s been business as usual. The significantly reduced correlation has resulted in obvious outliers to trade. We’ve had lots of good breakouts, lots of good follow through and a steady wind at our backs. As long as you recognized the trend has been up and you played the better stocks from the leading groups, profits have been easier to come by than last year. <\/span>
\nHere’s the 60-min SPX chart…it doesn’t get much steadier than this. The trend will end when it ends, and it’s best not to guess. Don’t be one of those negative cynical people who says: “the market can’t go much higher because (fill in the blank).” Sometimes you gotta turn your brain off and just go with the flow. More after the open.<\/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