Well that was not nice. But not much changed. More than half the market remains bearish. The less than half that has been leading, especially NASDAQ/NDX/SEMIS/GROWTH all pulled in. Blame was said to be on the administration that blocked the AVGO for QCOM deal…but we could care less. Those areas pulled in. That’s all. Just […]
About Gary Kaltbaum
This author has yet to write their bio.Meanwhile lets just say that we are proud Gary Kaltbaum contributed a whooping 5067 entries.
Entries by Gary Kaltbaum
Looks like and “feeling” like the stretched, extended and “overboughtness” of the NASDAQ/NDX/SEMIS and all that stuff showing up a bit today as many names strong early and now red…does not mean trouble. Just recognize how extended things are in these areas…with stalling and pullback potential in the near-term.
Futures up nicely. SEMIS, TECH, INTERNET, NASDAQ, NDX, BETA, GROWTH. FINANCIALS in shape…just a lot slower than beta. Extended, stretched, overbought in these areas but overbought can get more overbought. DOW was down yesterday…BA, CAT no help. Remember, BA has HAD a monstrous move. Contributed a ton to the DOW. Not sure we need to […]
When you get past all the wild action, our themes have pretty much remained the same and that is: February 9th was not only A low but was THE low that will not be taken out any time soon. And now with the strong action of the past week, we highly doubt we break the […]
3 things: Big big big jobs number…no way around it. Our favorite # was the 806,000 that have jumped back into the work force. Futures up VERY STRONG. The NDX will open at a new high…amazingly. Let’s hope the gap holds. We have seen a few too many reverse. Yes…they can reverse markets on best […]
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- RADIO SHOW 3/16March 16, 2018 - 6:51 pm
- PRE MARKETMarch 16, 2018 - 9:29 am
All quiet except ADBE up nicely on numbers and money loser OSTK down on big losses. OSTK ramped for a while off of coins but that is heading into the dust bin. Notice energy rolling over at the lows. Commodities also suspect here. No changes. Hoping for markets to calm a bit. Not thrilled with […]
- RADIO SHOW 3/15March 15, 2018 - 6:49 pm