{"id":6534,"date":"2013-04-11T07:34:00","date_gmt":"2013-04-11T12:34:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6534"},"modified":"2013-04-11T07:34:00","modified_gmt":"2013-04-11T12:34:00","slug":"before-the-open-apr-11-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6534","title":{"rendered":"Before the Open (Apr 11)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. Japan and Taiwan rallied more than 1%; Australia, India, Indonesia and South Korea also did well. Europe is currently mostly up. France, Germany, Switzerland and the Czech Republic are doing well. Futures here in the States point towards a flat open for the cash market.
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\nThe dollar is down. Oil is flat, copper is down. Gold is up, silver down.<\/span>
\nYesterday the market rallied huge. The Dow, S&P 500, Nasdaq and Nas 100 are at new highs. The Russell 2000 small caps and S&P 400 mid caps are lagging some. Here are the daily charts. <\/span>
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\nIf the bears weren’t pissed off and frustrated Monday and Tuesday, they’ve certainly smashed a few keyboards after yesterday. I don’t get it. Why guess what’s going to happen in the future? Why not just see what’s happening and go with the flow? <\/span>
\nWithin an uptrend, I’m either long or on the sidelines. Within a downtrend, I’m either short or on the sidelines. I don’t trade opposite the prevailing trend. When the market makes a major turn, I miss the beginning, but oh well. I’d rather miss the beginning once than incorrectly guess when the turn will come numerous times. <\/span>
\nBut what the heck. I like the bears. They add fuel to the fire. The provide the proverbial wall of worry for the market to climb. They are badly needed to round out the playing field, so perhaps I should stop making fun of them. \ud83d\ude42<\/span>
\nAt this point we can throw the technicals out the window. I don’t know when this mini run will reverse. Don’t get greedy. Take some profits and manage trades wisely. There’s lots of emotion out there. The bulls are euphoric, the bears are ready to jump out a window. Cooler heads will prevail…actually the bulls have been prevailing for a long time. 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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