{"id":5810,"date":"2012-07-17T07:38:57","date_gmt":"2012-07-17T12:38:57","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5810"},"modified":"2012-07-17T07:38:57","modified_gmt":"2012-07-17T12:38:57","slug":"before-the-open-jul-17","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5810","title":{"rendered":"Before the Open (Jul 17)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed up across the board, but Hong Kong (up 1.75%) was the only 1% mover. Europe is currently mostly up. Austria (up 1.6%) is the only 1% winner. Futures here in the Stats point towards a moderate gap up open for the cash market.
\n<\/span>
\nThe dollar is flat. Oil and copper are up. Gold and silver are up slightly. <\/span>
\nYahoo has tapped long time Googler Marissa Mayer for CEO. More than anything, this means Yahoo wants to be a tech company, a product company, not a media company.<\/span>
\nMoody’s downgraded 13 Italian banks yesterday.<\/span>
\nSpain sold 1-year notes at a yield significantly lower than last month.<\/span>
\nJNJ reported in line resorts but then cut guidance. The stock is down a buck before the open.<\/span>
\nGS easily beat expectations. The stock is up 2.32 before the open.<\/span>
\nKO is up almost a buck in premarket trading…earnings related.<\/span>
\nThe European Commission, the EU’s executive body, has opened an investigation to find out if Microsoft has kept its antitrust commitments it made in 2009 and warned non-compliance would be severe.<\/span>
\nBill Gross says when measured by employment, retail sales, investment and corporate profits, the US is approaching a recession.<\/span>
\nHere’s an update of the 60-min S&P chart. Since the index only dropped a couple points yesterday, the picture didn’t change. The market is still sitting near the midpoint of it most recent high and low on both a short and intermediate term basis. Higher highs and higher lows remain in place since the beginning of June, but I’m more neutral than bullish – even though we have some decent set ups on the Long List. <\/span>
\n\"\"
\nINTC and YHOO report after the close. I’m staying defensive.<\/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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