{"id":5406,"date":"2012-03-02T08:24:29","date_gmt":"2012-03-02T13:24:29","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5406"},"modified":"2012-03-02T08:24:29","modified_gmt":"2012-03-02T13:24:29","slug":"before-the-open-mar-2-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5406","title":{"rendered":"Before the Open (Mar 2)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets are up across the board; China, Indonesia and New Zealand gained more than 1%. Europe is currently down across the board, but there are no big losers. Futures here in the States suggest a moderate gap down open for the cash market.<\/span>
\nThe Dollar is up. Oil and copper are own. Gold and silver are down.<\/span>
\nFor the most part, the song remains the same, but warnings persist so we have to manage positions wisely. The trend is rock solid and should not be fought. One of these days a top will be put in place but not until the bears stop trying to figure out where it is. That’s how the market works. When the bears throw in the towel, the indexes will correct.<\/span>
\nAs of now the S&P is up 8 points on the week. Barring a moderate sell-off, it’ll be the 9th up week of the last 11 and the 16th of the last 22. Being negative doesn’t work. Being cynical doesn’t work. Thinking the world is coming to an end has either caused you a lot of pain or kept you on the sidelines. The trend is up so that’s the direction we need to play it. This doesn’t mean you throw all caution to the wind and blindly go full margin long. It just means it’s wise not to make trading any harder than it alread is. Here’s the 60-min S&P chart. Why fight this?<\/span>
\n\"\"
\nMore 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