{"id":6227,"date":"2012-12-11T08:30:07","date_gmt":"2012-12-11T13:30:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6227"},"modified":"2012-12-11T08:30:07","modified_gmt":"2012-12-11T13:30:07","slug":"before-the-open-dec-11-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6227","title":{"rendered":"Before the Open (Dec 11)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up; there were no big winners or losers. Europe is currently up across the board. Greece is up 1.6%; Italy, Spain, France, Germany, Norway and the Czech Republic are also posting decent gains. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nThe dollar is down. Oil is up, copper is down. Gold is flat, silver is down.<\/span>
\nYesterday was mostly a day off for the market. The indexes gapped up, dropped to fill the gap and then slowly grinded up to an intraday high before giving a little back into the close. The range was small, volume was light. Combined with the week before, the market is in consolidation mode, so instead of correcting with price (remember, it rallied straight up for three weeks and was in need of a rest), it’s correcting with time. Instead of pulling back and scaring off some weak hands, it’s frustrating impatient holders. <\/span>
\nThe indexes I’m keying on right now are the Russell and Nas.<\/span>
\nThe Russell<\/strong> is ready to bust out from a little pennant pattern. <\/span>
\n\"\"
\nBut the Nasdaq<\/strong> isn’t even at resistance yet. <\/span>
\n\"\"
\nIf the Russell goes, and the Nas can’t follow along a couple days later, the upside will be limited. 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