{"id":5565,"date":"2012-04-26T07:25:47","date_gmt":"2012-04-26T12:25:47","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5565"},"modified":"2012-04-26T07:25:47","modified_gmt":"2012-04-26T12:25:47","slug":"before-the-open-apr-26-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5565","title":{"rendered":"Before the Open (Apr 26)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly up, but there were no noticeable movers. Europe is currently mostly down, but there are no big movers there either. Futures here in the States point towards a flat open for the cash market.
\n<\/span>
\nThe dollar is down slightly. Oil is flat, copper is up. Gold and silver are up.<\/span>
\nIt’s been a heck of a weak…huge gap down Monday based on a lot of negative news from Europe, but the low of the day and low of the week were established in the first 45 min of trading, and it’s been mostly up since then. Yesterday’s big gap up (thanks to AAPL) helped of course, and now the S&P is just a couple points from last week’s high and less than 10 points from filling the post employment numbers gap down.<\/span>
\nHere’s the 30-min S&P over the last six weeks…from one range to another. There’s a big block of resistance between 1400 & 1420, and it looks like strong support is being formed at 1360. With yesterday’s close at 1390, the index is smack in the middle.<\/span>
\n\"\"
\nSome indicators have started moving up, but some key stocks are struggling. Throw in a continuation of earnings season which has been whipping stocks all over the place, and I think a defensive posture should be maintained. 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>
\n