{"id":9941,"date":"2011-02-16T07:55:58","date_gmt":"2011-02-16T12:55:58","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=9941"},"modified":"2011-02-16T07:55:58","modified_gmt":"2011-02-16T12:55:58","slug":"before-the-open-feb-16","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=9941","title":{"rendered":"Before the Open (Feb 16)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Wednesday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mixed and without much continuity &#8211; closing numbers were all over the board. Europe is currently mostly up, but there are no 1% winners. Futures here in the States point towards a moderate gap up open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">Monday the market traded quietly in a small range and finished with small gains. Yesterday the market traded quietly in a small range and finished with small losses. Overall the market is unchanged for the week and virtually unchanged since Monday&#8217;s open. Considering last Friday&#8217;s big move up to new highs, it&#8217;s not a bad thing to simply hold the gains for a couple days. <\/span><br \/>\n<span style=\"font-size: medium;\">Day to day I&#8217;m running out of things to talk about because nothing seems to matter. The charts don&#8217;t matter. The indicators don&#8217;t matter. Divergences don&#8217;t matter. News doesn&#8217;t matter. The market has a mind of its own, and no matter what is thrown it&#8217;s way, it moves up. If it likes the news, it moves up. If it doesn&#8217;t like the news, it moves up. It truly has a mind of its own. It does what it wants, and what it wants is to move up.<\/span><br \/>\n<span style=\"font-size: medium;\">Yesterday&#8217;s gap down remains unfilled &#8211; a change from the previous gap downs which filled quickly. If the futures hold, the gap will be filled at today&#8217;s open (can a gap be filled with a gap). Here&#8217;s the 10-min SPY chart. Shorter term traders can look for a push to a new high followed by a gap fill. Longer term traders should sit back and enjoy the overall uptrend.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/pm\/spy021511.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3994\">Earnings Reports<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=3996\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\");\ndocument.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\nvar pageTracker = _gat._getTracker(\"UA-6273151-1\");\npageTracker._initData();\npageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Wednesday. The Asian\/Pacific markets closed mixed and without much continuity &#8211; closing numbers were all over the board. Europe is currently mostly up, but there are no 1% winners. Futures here in the States point towards a moderate gap up open for the cash market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/9941"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9941"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/9941\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}