Entries by Gary Kaltbaum

1/26 MORNING NOTES- A GAP THE OTHER WAY

Monday’s gargantuan reversal after the NASDAQ dropped a whopping 14.5% in less than 7 days still holds sway. The NASDAQ had dropped over 19% to Monday’s low. We can never predict reversals but as always, stated mid-day Monday that after such a harrowing drop, with bearishness spiking big time, there was that opportunity. Since, those […]

1/25 PRE MARKET NOTES

Markets slammed last week. Markets slammed again Monday with a big gap. Markets have the mother of all reversals as after a big drop, the masses got very bearish. Markets gap to the downside this morning. Hey, let’s play markets. Can they reverse another bad open? Of course. It would go a long way to […]

MORNING THOUGHTS

Even us dummies knew this would happen: https://www.wsj.com/articles/the-spac-ship-is-sinking-investors-want-their-money-back-11642761012?st=ejaplfbp01t82fv&reflink=article_email_share There is talk this morning on crypto being slammed overnight but most coins are already way down with some turned to dust. Technically, the 2 biggies BITCOIN and ETHEREUM topped on Nov 16, 2021. Our canned line has been for a long time…”when all is said and […]

1/20 MORNING NOTES

CHINA lowered rates. There will be more. Unfortunately, this is the modus operandi of just about all countries. Try and stanch the bleeding instead of just letting the markets do their thing. Chinese ADRs and ETFs making a higher low off this news. Need to see if this sticks as we need some better themes. […]