{"id":5394,"date":"2012-02-28T08:34:32","date_gmt":"2012-02-28T13:34:32","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5394"},"modified":"2012-02-28T08:34:32","modified_gmt":"2012-02-28T13:34:32","slug":"before-the-open-feb-28-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5394","title":{"rendered":"Before the Open (Feb 28)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Hong Kong, India and Indonesia rallied more than 1%. Europe is currently mostly up, but there are no 1% movers. Futures here in the States point towards a moderate gap up open for the cash market. <\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up.<\/span>
\nThe bulls got a little scare yesterday, but like every other gap down and every other intraday sell-off, buyers stepped in and drove prices back up. The closing numbers were flat, and the bears were again left frustrated. <\/span>
\nThe trend will end when it ends, and there’s no sense guessing when that will be. Traditional techical indicators which help us identify overbought and oversold levels have broken down – they flat out don’t work. It’s not a bad thing. It happens when the market has a 1-track mind. It’s as if the market has blinders on and can’t help itself but to move forward. <\/span>
\nThis also makes my job as a commentator more difficult because there isn’t much to talk about. The same old same old plays out day after day, week after week, and unless I want to start talking in detail about earnings, economic numbers, fundamentals or stories, I’m left providing the same guidance. That is to be long and to not let your cynacism prevent you from making money. <\/span>
\nI remain cautiously bullish in the near term. 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