{"id":9282,"date":"2016-01-06T08:47:13","date_gmt":"2016-01-06T13:47:13","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=9282"},"modified":"2016-01-06T08:47:13","modified_gmt":"2016-01-06T13:47:13","slug":"before-the-open-jan-6-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=9282","title":{"rendered":"Before the Open (Jan 6)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific markets closed mostly down. China rallied better than 2%, and Indonesia did better than 1%. Japan, Hong Kong, Singapore, Australia and Taiwan fell more than 1%. Europe is currently pretty much down across-the-board. The Netherlands and Italy are down more than 2%; London, Germany, France, Norway, Switzerland, Denmark, Spain, Belgium and Portugal are down more than 1%. Futures here in the States point towards a huge gap down open for the cash market. <\/span>
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\nVIDEO: Leavitt Brothers Overview<\/strong><\/a> <\/strong><\/span>
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\nThe dollar is flat. Oil and copper are down. Gold is up, silver is flat. Bonds are up. <\/span>
\n Today’s gap down will pretty much destroy the consolidation patterns the Dow, Nas and S&P 500 have been forming. The Russell small caps and S&P 400 have been in downtrends for several months, but the three former have enabled the bulls to cling to something. Not any more. <\/span>
\n Oil is going to gap down and immediately test its low from a couple weeks ago. <\/span>
\n I started putting together a list of things I don’t like about the market. It’s too long to put into one report, so I’m going to break it up in little bit size pieces and post a little each day. My reasons, which I’ll get into include:<\/span><\/p>\n