{"id":6250,"date":"2012-12-19T08:34:11","date_gmt":"2012-12-19T13:34:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6250"},"modified":"2012-12-19T08:34:11","modified_gmt":"2012-12-19T13:34:11","slug":"before-the-open-dec-19-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6250","title":{"rendered":"Before the Open (Dec 19)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Japan led the way with a 2.4% gain while Australia, Hong Kong, India and South Korea also did well. Europe is mostly up. Greece is rallying 3.3%; Austria, Belgium, Norway and the Czech Republic are also doing well. Futures here in the States point towards a positive open for the cash market.
\n<\/span>
\nThe Dollar is down. Oil is up, copper down. Gold is up, silver down. <\/span>
\nThe market followed through in a big way yesterday. Here are the daily charts. All the indexes closed above key levels and at higher highs. It doesn’t get any easier from here because the combination of the extended rally along with overhead resistance will put pressure on the bulls, but it’s certainly another step.<\/span>
\n\"\"
\nDon’t fight the trend. January could be another story, but for now, it silly to step in front of this. <\/span>
\nFedEx (FDX) missed on earnings…the stock is up almost 1% premarket.<\/span>
\nSPX (SPX) is close to acquiring Gardner Denver (GDI)<\/span>
\nGeneral Mills (GIS) did well with earnings…stock is up 1.8%.<\/span>
\nNavistar (NAV) posted a wider-than-expected loss…stock is down almost 5%.<\/span>
\nOracle (ORCL) is up 2.8%…earnings related.<\/span>
\nThat’s it for now. 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