{"id":6034,"date":"2012-10-04T07:49:35","date_gmt":"2012-10-04T12:49:35","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6034"},"modified":"2012-10-04T07:49:35","modified_gmt":"2012-10-04T12:49:35","slug":"before-the-open-oct-4-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6034","title":{"rendered":"Before the Open (Oct 4)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. India, Malaysia and Japan led the way. Europe currently leads to the upside, but other than Greece being up 1.4%, there are no standout performers. Futures here in the States point towards a moderate gap up open for the cash market.
\n<\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up.<\/span>
\nBelow is the most amazing picture you will see from last night’s debate. It’s I25 at rush hour. Normally it would be packed because it’s the major highway that runs north-south through Denver, but yesterday it was closed. How many people and businesses were negatively impacted or inconvenienced? The debates should be held in the middle of Wyoming.<\/span>
\n\"\"
\nThe ECB and Bank of England kept their interest rates unchanged.<\/span>
\nSpain sold 3- and 5-year bonds. The yield on the 3-years inched up while it dropped on the 5-year. Demand was very good. <\/span>
\nINFA is down 18% before the open <\/span>
\nGLUU is up 8%.<\/span>
\nVRNG is up 9% on top of a 39% gain yesterday. <\/span>
\nCLRX is up 71%.<\/span>
\nTGT is up 2.4% – same store sales climbed.<\/span>
\nLTD beat same-store sales expectations. <\/span>
\nM same-store sales came in under than expected.<\/span>
\nWAGE is selling 6M shares in a secondary offering at a 4.1% discount to yesterday’s close.<\/span>
\nCATO forecasted Q3 results at the low end of prior guidance.<\/span>
\nISCA has posted a Q3 loss.<\/span>
\nNUVA is down 30% – they revised it revenue outlook for Q3 down.<\/span>
\nFOMC minutes will be released today. These may be important. After all, it was at the last meeting the Fed decided to to QE unlimited. <\/span>
\nHeading into this week the intermediate term trend was up and in good shape, but the near term was neutral and unclear. After three days of trading, the situation hasn’t changed much. The S&P has rallied every day this week, but the intraday performances have not been convincing. In the near term, be conservative. <\/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