{"id":6637,"date":"2013-05-10T07:11:43","date_gmt":"2013-05-10T12:11:43","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6637"},"modified":"2013-05-10T07:11:43","modified_gmt":"2013-05-10T12:11:43","slug":"before-the-open-may-10-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6637","title":{"rendered":"Before the Open (May 10)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mostly up. South Korea dropped 1.8%, Japan rallied almost 3%. Europe is currently mostly up. Greece is down 1.4%, Austria, Switzerland and Amsterdam are performing the best. Futures here in the States point towards a flat open for the cash market.<\/span>
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\nThe dollar is up. Oil is down, copper up. Gold and silver are down. <\/span>
\nIt’s been a good week. All the indexes pushed to new highs, and many stocks broke out and rallied nicely. There’s really nothing to complain about…unless you’ve in a state of denial and have not participated in the rally. <\/span>
\nWall St. doesn’t always make sense, and those who try to figure it out end up losing money or not making as much as they should. Sometimes you have to stop reading the press headlines and just go with the action. There will always be reasons a rally should run out of steam, and then two months later it’s up another 8% and all you’ve done is watch in disbelief. <\/span>
\nI don’t know when the rally will end. By many measures the start of 2013 has been one of the best starts in several decades. Whether you look at the points gained, the number of up months, the lack of any meaningful pullback, it’s one of modern history’s best. when this happens, all analysis techniques cease working. The market has a mind of its own, and it’s best not to stand in its way.<\/span>
\nManage positions wisely. 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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