{"id":5463,"date":"2012-03-21T07:24:42","date_gmt":"2012-03-21T12:24:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5463"},"modified":"2012-03-21T07:24:42","modified_gmt":"2012-03-21T12:24:42","slug":"before-the-open-mar-21-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5463","title":{"rendered":"Before the Open (Mar 21)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed; only India (up 1.65%) moved more than 1%. Europe is currently mixed; only Austria (up 1.8%) has moved more than 1%. Futures here in the States are up a couple points. <\/span>
\nThe dollar is flat. Oil and copper are up slightly. Gold and silver are down.<\/span>
\nI billed yesterday as a semi important day because I wanted to see if the Russell could follow through on Monday’s breakout. It couldn’t. It gapped down and lagged all day. This doesn’t automatically mean the the breakout was a false breakout and prices are headed lower, but it does get my attention – especially since so many other indicators which had been diverging from the price action finally started to support the upside.<\/span>
\nHere are the indexes. The Dow, Nas and S&P look great – although maybe a bit overextended in the near term. The Russell exhibits the same price action over the last two weeks, but has yet to clear itself from last month’s high. This non-cofirmation can last in the short term, but eventually the small caps will need to improve if the market is going to head higher. The flow of money from the small caps to the large caps is not what typically happens in a strong market. The trend is up; I’m long, but I’m on the lookout for subtle hints the upside energy may be running thin. More after the open.<\/span>
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\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