{"id":6269,"date":"2012-12-27T08:41:18","date_gmt":"2012-12-27T13:41:18","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6269"},"modified":"2012-12-27T08:41:18","modified_gmt":"2012-12-27T13:41:18","slug":"before-the-open-dec-27-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6269","title":{"rendered":"Before the Open (Dec 27)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Thursday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mostly up. Japan led the way while China and India dropped. Europe is currently mostly up. Greece is up 1.8% followed by France, London and Austria. Futures here in the States point towards a positive open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is down. Oil and copper are flat. Gold and silver are down. <\/span><br \/>\n<span style=\"font-size: medium;\">Volume was very light yesterday, and while it may pick up a little today, it&#8217;s silly to expect a normal day of trading today or tomorrow. I&#8217;ve been in a defensive posture the last week, and it&#8217;s served me well. With the fiscal cliff looming and the high possibility of a quick move in either direction, there has been no sense pressing trades. Here&#8217;s an update of the daily charts. The Dow has taken out a prior low. The Nas broke out but could not hold resistance. The S&amp;P hit a higher high but has given everything back; the index is unchanged over the last couple weeks. The Russell is doing the best. <\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/indexD122712.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">Diodes (DIOD) is acquiring Shanghai-based BCD.<\/span><br \/>\n<span style=\"font-size: medium;\">Toyota is paying $1.1B to settle a class-action lawsuit that has lingered for a few years.<\/span><br \/>\n<span style=\"font-size: medium;\">Marvell Tech (MRVL) lost a patent infringement case brought by Carnegie Mellon and has been ordered to pay $1.2B in damages.<\/span><br \/>\n<span style=\"font-size: medium;\">Treasury Secretary Tim Geithner says the government will hit the debt ceiling on Dec 31.<\/span><br \/>\n<span style=\"font-size: medium;\">Play good defense. There&#8217;s no reason to be aggressive right now.<\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/www.marketwatch.com\/story\/newsviewer\">MarketWatch<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/www.briefing.com\/investor\/calendars\/upgrades-downgrades\/\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/index.php\/2012\/12\/22\/earnings-dec-24-28\/\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/index.php\/2012\/12\/22\/economic-numbers-dec-24-28\/\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n  var gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\"); document.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n  var pageTracker = _gat._getTracker(\"UA-6273151-1\"); pageTracker._initData(); pageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. The Asian\/Pacific markets closed mostly up. Japan led the way while China and India dropped. Europe is currently mostly up. Greece is up 1.8% followed by France, London and Austria. Futures here in the States point towards a positive open for the cash market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/6269"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6269"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/6269\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}