{"id":5400,"date":"2012-02-29T08:25:58","date_gmt":"2012-02-29T13:25:58","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5400"},"modified":"2012-02-29T08:25:58","modified_gmt":"2012-02-29T13:25:58","slug":"before-the-open-feb-29","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5400","title":{"rendered":"Before the Open (Feb 29)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacifc markets closed mostly up. Chian dropped 1%; South Korea rallied more than 1%, and Indonesia and Taiwan rallied more than 2%. Europe is currently mostly up. There are no standouts. Futures here in the States point towards a flat-to-positive open for the cash market. <\/span>
\nThe dollar is basically flat. Oil and copper are up. Gold and silver are up.<\/span>
\nBernanke will be on Captial Hill the next two days testifying, so there’s an outside chance something he says induces a quick move in the market. Supposdely the economy is improving yet Bernanke says rates are to remain low through 2014. It makes no sense to me. If things are improving, he should be able to ease off the monetary policy. Failure to do so makes me wonder if he knows something we don’t know.<\/span>
\nHere are the daily charts I posted yesterday. You can’t argue or fight with these. The Dow closed at a new high. The Nas broke out from an ascending triangle pattern. The S&P made another higher high and closed at a new high. But the Russell continues to lag. I want the Russell to bust out soon. Otherwise it’s onward and upward.<\/span>
\n\"\"
\nThe trend will end with it ends, and there’s no sense guessing when that will be. 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