{"id":5559,"date":"2012-04-24T07:41:02","date_gmt":"2012-04-24T12:41:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5559"},"modified":"2012-04-24T07:41:02","modified_gmt":"2012-04-24T12:41:02","slug":"before-the-open-apr-24","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5559","title":{"rendered":"Before the Open (Apr 24)"},"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 mixed and with a bullish bias. There were no big winners or losers. Europe is currently trading mixed and with a bullish bias. Austria, France, Norway, Stockholm and Prague are up 1% or more. Futures here in the States point towards a positive open for the cash market.<!--more--><br \/>\n<\/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;\">Yesterday the indexes gapped below support of their rising patterns, but there was virtually no follow through. Their intraday lows were established in the opening 45 mintues, and the rest of the day was characterized by prices slowly moving up. Here are the dailies. Only the Nas made a lower low. The Dow, S&amp;P and Russell held the lows of their patterns.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/index042412.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Trading has not been easy lately. We have equal number of decent long and short set ups, so there isn&#8217;t a clear dominant near term trend. We&#8217;re also getting a lot of large opening gaps which render many set ups unplayable. This is definitely not a time to be super aggressive. There&#8217;s nothing wrong with having a defensive posture and laying low. <\/span><br \/>\n<span style=\"font-size: medium;\">There&#8217;s lots of housing data out today&#8230;Case-Shiller 30 min before the open, new home sales &amp; housing price index 30 min after the open. AAPL has earnings after today&#8217;s close, and tomorrow is a FOMC day. <\/span><br \/>\n<span style=\"font-size: medium;\">There&#8217;s lots of &#8220;stuff&#8221; going on. Sometimes the market has a mind of its own and ignores all the stuff. Other times the stuff is very important. Such is the current case. News once again is controlling the market &#8211; or at least the open. 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=5550\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5553\">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 mixed and with a bullish bias. There were no big winners or losers. Europe is currently trading mixed and with a bullish bias. Austria, France, Norway, Stockholm and Prague are up 1% or more. Futures here in the States point towards a positive open for the cash [&hellip;]<\/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\/5559"}],"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=5559"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5559\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}