{"id":5888,"date":"2012-08-14T07:39:51","date_gmt":"2012-08-14T12:39:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5888"},"modified":"2012-08-14T07:39:51","modified_gmt":"2012-08-14T12:39:51","slug":"before-the-open-aug-14-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5888","title":{"rendered":"Before the Open (Aug 14)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets posted solid, across-the-board gains. Hong Kong and South Korea moved up more than 1%. Europe is currently mostly up. Germany is up 0.8%; otherwise there are no big winners or losers. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nThe dollar is flat. Oil and copper are up. Gold and silver are up.<\/span>
\nToday, Greece completed its largest debt sale in two years.<\/span>
\nHome Depot did well with earnings. The stock is up 43 cents pre market.<\/span>
\nGRPN also did well with earnings, but their gross billings declined. The stock is down 23% before the open.<\/span>
\nThere are no other notable movers. The market is quiet. News is light. The macro picture tells us there are lots of headwinds, but in the very near term there are no catalysts.<\/span>
\nHere’s the 5-min S&P chart…very small range the last week. Don’t fight it. This is normal and healthy action. Remember the market has been moving straight up and straight down for a couple months. The fact that it can hold its gains near its highs shows a change in character may be under way. Have patience. The foundation for a fall rally may be forming. More after the open.<\/span>
\n\"\"
\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