{"id":5882,"date":"2012-08-13T07:38:07","date_gmt":"2012-08-13T12:38:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5882"},"modified":"2012-08-13T07:38:07","modified_gmt":"2012-08-13T12:38:07","slug":"before-the-open-aug-13-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5882","title":{"rendered":"Before the Open (Aug 13)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend. <\/span>
\nThe Asian\/Pacific markets closed mixed with perpahs a bearish lean. China dropped 1.5% and Indonesia 0.9%. There were no bigger winners. Europe is currently mixed, but none of the indexes have moved much from their unchanged levels. Futures here in the States are flat.
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\nThe dollar is down. Oil is up, copper down. Gold is flat, silver down. <\/span>
\nLast week was slow but productive. The market moved up big on Monday and then generally traded quietly the rest of the week. The Dow and S&P made higher highs, and the Nasdaq and Russell broke out from ranges. All the indexes are now trading in little flag\/pennant patterns which have bullish implications. Here are the daily charts. <\/span>
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\nGoogle is laying off ~ 4,000 employees from Motorola Mobility…approx 2\/3 will come from outside the US.<\/span>
\nBank of America is selling its Merrill Lynch international wealth management business to Julius Baer for $800 million cash.<\/span>
\nBarnes & Noble is cutting the price of its 16-gigabyte Nook by 20%.<\/span>
\nFrom a technical standpoint, the market is doing just fine. But this is August – the slowest month of the year – and news from Europe still has the ability to quickly move the market in either direction. I favor the upside, but I’m not going all in. 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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