JUST LETTING YOU KNOW…
“…Today may stand out. Many things of note…”
“…Broke out of triangle to the downside…two not so good days in a row…Today, had massive volume selling and THE OVERALL MARKET WAS MUCH WORSE THAN THE DOW…”
“…For the second, it looks like we are breaking down..but I don’t trust what happens from day to day…”
“…I told you around Oct 31st, I thought 1250 to 1280 could be a high…We rallied up on Nov 8 to 1275 at the close.
“…I have been talking about hopeful seasonal strength…Last 10 out 10 years (and last 22 our of 24 years) market has been up from Veterans Day until the end of the year…”
“…I gotta tell you…bad action in a lot of areas…financials anchoring the market — wasting away…Philadelphia Semiconductor Index back down the 50-day MA….390 to 398 may be a high in the semis
“…we’ll see what happens tomorrow…”
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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.