{"id":5425,"date":"2012-03-09T08:38:12","date_gmt":"2012-03-09T13:38:12","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5425"},"modified":"2012-03-09T08:38:12","modified_gmt":"2012-03-09T13:38:12","slug":"before-the-open-mar-9-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5425","title":{"rendered":"Before the Open (Mar 9)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day.<\/span>
\nThe Asian\/Pacific markets closed mostly up. India rallied 2%; Japan moved up 1.7%. Europe is currently mixed. Austria is up 2%; no other index has moved 1%. Futures here in the States, ahead of the employment data, were slightly up. <\/span>
\nThe dollar is up. Oil and copper are up slightly. Gold and silver are flat.<\/span>
\nHere’s a link<\/a> to some trading ideas. The link will be removed later today.<\/span>
\nThe market has completely recovered its Tuesday losses, so as of now Tuesday was just one measely down day within a strong uptrend. The long term trend remains bullish. In my opinion the near term is still unclear. I can make a bullish and bearish argument, and when this is the case, I think it’s best to play it safe. If I miss a few trades, fine. Trading is not hard when you pick your spots wisely, but you can make it hard by forcing things. The latter is the current situation. <\/span>
\nHere are the numbers\u2026<\/span>
\nunemployment rate: unchanged at 8.3%
\nnonfarm payrolls: up 227K
\nprivate payrolls: up 233K
\naverage workweek: flat at $34.50
\nhourly earnings: up up 0.1% to $23.31<\/span><\/span><\/span><\/span><\/span>
\nAfter the release, futures shot up and then came back down. As I type this they are approx. flat from before the news. <\/span>
\nIt’s Friday. The charts have improved a bunch the last couple days. I think the best looking group is the home builders. LEN busted out yesterday, and several others look ready to go today or in the next couple days. <\/span>
\nLong term trend remains up. The near term is less clear. What you do right now depends on your trading style and your typical holding time. 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