{"id":5412,"date":"2012-03-05T08:27:35","date_gmt":"2012-03-05T13:27:35","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5412"},"modified":"2012-03-05T08:27:35","modified_gmt":"2012-03-05T13:27:35","slug":"before-the-open-mar-5-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5412","title":{"rendered":"Before the Open (Mar 5)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down. Hong Kong, India and Taiwan dropped more than 1%. Europe is currently mostly down. Austria and Germany are down better than 1%. Futures here in the States point towards a slight down open for the cash market. <\/span>
\nThe dollar flat. Oil is flat and copper is 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 remains up, but the warnings signs are getting extreme. <\/span>
\nThe 10-day of the AD line and AD volume line are near 0. <\/span>
\nThe % of SPX and NDX stocks at 20-day highs have been falling for a couple weeks. <\/span>
\nThe % of SPX and NDX Stocks above their 20-day MAs have been falling. <\/span>
\nCopper failed to make a higher high with the market…so did the semis. <\/span>
\nThe put\/call is moving up. <\/span>
\nThe small caps, which have been lagging for two weeks, broke down last Friday. <\/span>
\nDivergences in the near term can last a few weeks – long enough to allow the charts to reset. But eventually they do matter. I would be very careful here. Trading is not hard when the “coast is clear,” but when there are so many cross currents, we’d be wise to lay low. I believe this to be the current situation. Don’t be a hero. If things don’t entirely make sense to you, it’s ok to say: “this just doesn’t look right; I’m going to sit tight until I have a better feel for things.”<\/span>
\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