{"id":6371,"date":"2013-02-04T07:38:27","date_gmt":"2013-02-04T12:38:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6371"},"modified":"2013-02-04T07:38:27","modified_gmt":"2013-02-04T12:38:27","slug":"before-the-open-feb-4-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6371","title":{"rendered":"Before the Open (Feb 4)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mixed and with an upward bias. There were no big losers; China, Malaysia, Japan and Taiwan did well to the upside. Europe is currently trading mixed and with a downward bias. Belgium and Greece are up; France, Germany, Amsterdam, Norway, London, Italy and the Czech Republic are down. Futures here in the States point towards a slight down open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down.<\/span>
\nI don’t have anything to add to my weekend comments posted in the weekly report. In the near term there are warnings. The AD line is lagging, new highs may be consistently too high and the put\/call ratio has curled up from a local bottom. These tell us to be cautious in the near term or at least manage to our positions wisely. But the longer term charts look great and are not suggesting a top is forming. So I like the market overall, but in the near term I’m maintaining my cautious bias.<\/span>
\nHere are those shorter term, more sensitive indicators. <\/span>
\nAD Line<\/strong><\/span>
\n\"\"
\nNew Highs<\/strong><\/span>
\n\"\"
\nPut\/Call Ratio<\/strong><\/span>
\n\"\"
\nThe following companies announce earnings today before the open. Humana’s (HUM), Gilead (GILD), Simon Properties (SPG), Anadarko (APC), Yum Brands (YUM), Sysco (SYY), Hartford Financial Services (HIG), Edwards Lifesciences (EW), Clorox (CL), Royal Caribbean Cruises (RCL), Legget & Platt (LEG) and Gannett (GCI).<\/span>
\nWith a lack of major scheduled news items, earnings will take center stage. But lack of news could also mean lack of direction, lack of sign posts. The market likes to cling to something, but it’s unknown what that thing will be this week. We’ll see. 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