{"id":6320,"date":"2013-01-15T08:36:25","date_gmt":"2013-01-15T13:36:25","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6320"},"modified":"2013-01-15T08:36:25","modified_gmt":"2013-01-15T13:36:25","slug":"before-the-open-jan-15-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6320","title":{"rendered":"Before the Open (Jan 15)"},"content":{"rendered":"

Good morning. Happy Tuesday from San Pablo, Heredia, Costa Rica. \ud83d\ude42<\/span>
\nYesterday was a travel day. Five people, 12 bags, 3 car seats, 2 flights, 2 security checks, immigration, customs and a cab driver who had no idea where to take us…and we and all our stuff have arrived safely. I have no idea what happened in the market yesterday because I was way too tired to bother looking when we arrived. I’ll get caught up today.<\/span>
\nThe Asian\/Pacific markets closed mixed. Japan, China, India and Indonesia moved up; South Korea and Taiwan moved down. Europe is currently mostly down. Switzerland is posting a decent gain; Austria, France, Germany, Greece and the Czech Republic are down. Futures here in the States point towards a moderate gap down open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are up.<\/span>
\nThe fiscal cliff has been replaced by debt ceiling talks. Raising the ceiling would mean more of the same spending. Failure to raise it may result in the government shutting down and possible downgrades from the rating agencies.<\/span>
\nLennar (LEN) did well with earnings. The stock is up slightly before the open.<\/span>
\nLululemon (LULU) is down 7% premarket…yesterday they offered guidance that was below analyst expectations.<\/span>
\nFacebook (FB) has a mysterious event planned for today at 1:00 est. Major announcement?<\/span>
\nGordmans Stores (GMAN) are down 12%.<\/span>
\nExpress (EXPR) is up 16%…they raised their Q4 outlook.<\/span>
\nDell (DELL) got a big boost yesterday when it said it was exploring the possibility of going private. It continues to climb in premarket today.<\/span>
\nForest Labs (FRX) posted a wider-than-expected loss…stock is down 5.5%.<\/span>
\nRadisys (RSIS) says it expects to post a profit instead of a loss. The stock is up 9%.<\/span>
\nMy bias remains the same. I like the upside overall, but with the debt ceiling talks and earnings season heating up, I’m not all in. Also, we’ve gotten some warnings from some indicators lately – some are reversing, others are not – so the coast, from a technical standpoint, is not clear either. 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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