{"id":5893,"date":"2012-08-15T07:34:52","date_gmt":"2012-08-15T12:34:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5893"},"modified":"2012-08-15T07:34:52","modified_gmt":"2012-08-15T12:34:52","slug":"before-the-open-aug-15-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5893","title":{"rendered":"Before the Open (Aug 15)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed. China and Hong Kong dropped more than 1%; South Korea rallied more than 1%. Europe is currently mixed. None of the indexes have moved more than 1% from their unchanged levels. Futures here in the States point towards down open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down. <\/span>
\nYesterday the S&P moved above its consolidation range, but it couldn’t get any traction. Then afternoon selling closed the index back in the range. Here’s the 5-min chart…a 15-point range covers the last seven days. <\/span>
\n\"\"
\nYes the market has been slow. Tis the season. Volume has been light and catalysts have been few and far between. You can be pissed off at the lack of movement or just accept what you can’t control. Rest up, read a book. Make sure you’re ready for the fall season. <\/span>
\nCSCO is out with earnings…the stock is up a few cents in pre market trading.<\/span>
\nTGT is out too…the stock is up 1%. <\/span>
\nSPLS is down 16%<\/span>
\nDE is down 5%.<\/span>
\nDon’t over analyze and don’t force trades. Conserve capital. China hasn’t gone away. Europe hasn’t fixed itself. The election in the US will pick up. The market movement will pick back up soon. 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