{"id":5488,"date":"2012-03-30T07:49:01","date_gmt":"2012-03-30T12:49:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5488"},"modified":"2012-03-30T07:49:01","modified_gmt":"2012-03-30T12:49:01","slug":"before-the-open-mar-30-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5488","title":{"rendered":"Before the Open (Mar 30)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mixed and with an upward slant. India rallied more than 2%. Europe is currently mostly up. Belgium, France, Germany, Norway and Stockholm are up more than 1%. Futures here in the States point towards a positive open for the cash market.
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\nThe dollar is down. Oil and copper are up. Gold and silver are up.<\/span>
\nThe first quarter of 2012 comes to a close today. It’ll be one of the best quarters in several years, and for what it’s worth, April is historically one of the best months of the year. <\/span>
\nThe near term is a little cloudy. Here’s the 5-min chart that covers the last ten days. Kind of messy, kind of random, no rhyme or reason, several big gap opens. We’ve had some good set ups that haven’t gotten much follow through after breaking out, so you’d be wise to do two things: 1) scale back a little, take smaller positions, 2) take partial profits on a trade’s initial move. <\/span>
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\nThe long term trend remains rock solid. Here’s the 60-min chart going back to late November. <\/span>
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\nWith the long term in good shape and the short term less clear, I’m cautiously bullish. There’s little doubt in my mind the market will leg up and make new highs, but in the near term we may have to put up with chopping and churning. Don’t chop and churn your account. 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>
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