{"id":5388,"date":"2012-02-27T08:38:14","date_gmt":"2012-02-27T13:38:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5388"},"modified":"2012-02-27T08:38:14","modified_gmt":"2012-02-27T13:38:14","slug":"before-the-open-feb-27","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5388","title":{"rendered":"Before the Open (Feb 27)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down. India dropped more than 2%; Singapore and South Korea dropped more than 1%. Europe is currently down across the board. France, Germany and Switzerland are down more than 1%. Futures here in the States point towards a moderate gap down for the cash market. <\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down.<\/span>
\nI don’t have anything to add to the comments I made over the weekend in the Weekly Report. The trend is up, but there are lots of warning signs. Several indicators are at an extreme level; several breadth indicators are diverging from the price action; some important groups such as the banks and semis did not match the market’s high high last Friday; and the small caps are lagging. As an example, here’s the S&P vs. the Russell. <\/span>
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\nPlay good defense. Within an uptrend I go back and forth between being aggressive and lightening. Right now is a time to lighten up and play it safe. 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