{"id":6031,"date":"2012-10-03T07:39:48","date_gmt":"2012-10-03T12:39:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6031"},"modified":"2012-10-03T07:39:48","modified_gmt":"2012-10-03T12:39:48","slug":"before-the-open-oct-3-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6031","title":{"rendered":"Before the Open (Oct 3)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mixed and with a bearish slant. Not one index moved more than 0.5%, and China was closed again. Europe is currently mixed. Greece is up 1.5%; otherwise there are no noticeable movers. Futures here in the States point towards a flat open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are up.<\/span>
\nTonight is the first of the presidential debates…a major pain for those who work or live in Denver because I25, the main highway cutting north-south through the city, is closed. The debates should take place in the middle of nowhere so hundreds of thousands of people are not negatively impacted.<\/span>
\nWe entered this week with the intermediate term trend solidly up but the near term unclear. Plus several indicators had reached extreme levels and reversed. I was hoping for a little more weakness so the charts could better reset themselves and the indicators could cycle the opposite direction. So far we’ve gotten very little net movement. Monday and Tuesday saw the market strong early but then weakish most of the days. The weekly candles are either slightly up or slightly down, and so far the action has taken place within the high and low of last week.<\/span>
\nWAG same store sales dropped 11.1%…the stock is down 2.5% in premarket trading.<\/span>
\nMON is down 2.7% before the open…earnings and guidance related.<\/span>
\nFDO did well with earnings…it’s up 2.3%.<\/span>
\nMetroPCS (PCS) and T-Mobile are merging.<\/span>
\nSRPT is up 125% in premarket trading.<\/span>
\nBGS is doing a 3.63M share secondary offering.<\/span>
\nLifelock is going public at $9\/share. That’s a terrible price. Most large funds won’t consider any stock under 10 bucks.<\/span>
\nBBY’s found along with some investors are mulling a bid to buy the company and take it private.<\/span>
\nDon’t force trades. 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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