{"id":5447,"date":"2012-03-15T07:25:47","date_gmt":"2012-03-15T12:25:47","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5447"},"modified":"2012-03-15T07:25:47","modified_gmt":"2012-03-15T12:25:47","slug":"before-the-open-mar-15-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5447","title":{"rendered":"Before the Open (Mar 15)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Thursday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets close mixed; New Zealand rallied 1%. Europe is currently mostly up; there are no big winners or losers. Futures here in the States point towards a positive open for the cash market. <!--more--><\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is down. Oil and copper are up. Gold and silver are up.<\/span><br \/>\n<span style=\"font-size: medium;\">We got a big move up on Tuesday and then a stall day yesterday. But the Russell small caps didn&#8217;t make a higher high Tuesday and yesterday, while most of the indexes closed with a small loss or gain, dropped almost 1%. Lagging small caps has not been able to pull the market down the last month, but it has restricted the upside progress. <\/span><br \/>\n<span style=\"font-size: medium;\">Overall you can&#8217;t fight the trend. It&#8217;ll end when it ends, and it&#8217;s foolish to guess when that will be. And besides, tops tend to be rounded and take time to form &#8211; weeks and sometimes months. Even if the market were to establish a high today, there would be several additional thrusts up over the next couple months, and given the lack of correlation, there would still be much money to be made on the long side. <\/span><br \/>\n<span style=\"font-size: medium;\">Surprisingly, research yesterday reveal many decent short set ups. If you&#8217;re an active short term trader, here are some <a href=\"http:\/\/stockcharts.com\/def\/servlet\/Favorites.CServlet?obj=ID4982451\"><strong>ideas<\/strong><\/a> just in case Tuesday was some sort of short term blow off top. Don&#8217;t overstay your welcome. I fully expect the uptrend to continue and more new highs to be made. More after the open. <\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/www.marketwatch.com\/story\/newsviewer\">MarketWatch<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/www.briefing.com\/investor\/calendars\/upgrades-downgrades\/\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5429\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5431\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. The Asian\/Pacific markets close mixed; New Zealand rallied 1%. Europe is currently mostly up; there are no big winners or losers. Futures here in the States point towards a positive open for the cash market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5447"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5447"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5447\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}