{"id":5500,"date":"2012-04-03T07:29:02","date_gmt":"2012-04-03T12:29:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5500"},"modified":"2012-04-03T07:29:02","modified_gmt":"2012-04-03T12:29:02","slug":"before-the-open-apr-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5500","title":{"rendered":"Before the Open (Apr 3)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Tuesday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly up. Hong Kong, Indonesia and South Korea rallied more than 1%. Europe is currently trading mostly down. Austria is up 1.7% and Amsterdam is down 1.2%. France, Germany and London are down. Futures here in the States point towards negative open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is up slightly. Oil and copper are down. Gold and silver are down. <\/span><br \/>\n<span style=\"font-size: medium;\">Here&#8217;s an update of the 15-min SPX chart I posted yesterday. The index tested the top of its pattern and hit a higher high. When the week began I was thinking that with the employment numbers coming out Friday and earnings season kicking off next week we&#8217;d get a continuation of the range we&#8217;ve been in. If indeed this is going to happen, the bears need to step up and push prices down because they&#8217;re dangerously close to ramping up from here. <\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx040312.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Overall things continue to look very good. Here&#8217;s an update of the daily index charts. The Dow is trying to break out from a symmetrical triangle pattern. The Nasdaq and Russell moved nicely off support yesterday. The S&amp;P tested resistance and closed at a new high.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/pm\/indexD040212.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Today may set the stage for the rest of the week. If the market doesn&#8217;t move up, odds favor the range continuing because things will slow quickly &#8211; it usually happens into a long holiday weekend (the market is closed Friday). But if the indexes move up, it wouldn&#8217;t take much for them to get squeezed higher for a couple days. 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=5494\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5491\">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 Tuesday. The Asian\/Pacific markets closed mostly up. Hong Kong, Indonesia and South Korea rallied more than 1%. Europe is currently trading mostly down. Austria is up 1.7% and Amsterdam is down 1.2%. France, Germany and London are down. Futures here in the States point towards negative 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\/5500"}],"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=5500"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5500\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}