Entries by Gary Kaltbaum

AMERICAN AIRLINES STRONG REACTION TO QUATAR WANTING TO BUY UP 10% OF THE COMPANY STOCK

 Looks like American not taking kindly! American Airlines Group Inc. (American Airlines or the Company) recently received an unsolicited notice from Qatar Airways indicating Qatar Airways’ intention to make a significant investment in American Airlines. As a publicly traded company, American Airlines’ common stock is available for purchase on the Nasdaq Stock Market, and Qatar […]

THE CLOSE/PRE MARKET

Futures flattish with the NDX a little better. ORCL nice gap for a mega-cap. Earnings not that great but better than expected. Two of our favorite China patterns setting up in flag patterns hit to the downside on news out of China…SINA, WB. Something about regulators stopping them from doing certain things… Our thought process […]

THE CLOSE AND PRE-MARKET

Yesterday…yuck…we would be watching: The SEMIS…more than half the names we follow now trade below resistance and showing not so thrilling patterns. The SOX remains above the 50 day. There is a direct correlation between the SEMIS and the market. Friday, 6/9 continues to weigh on our mind…as we asked the question that day…”changing of […]

PRE MARKET

Futures down a wee bit. Yesterday, the all-important NDX/NASDAQ held the 10 week/50 day. The Dow and S&P, which never blinked while TECH was being hit, moved higher again. We wish we could complain but can’t. But continue to stay away from the bearish areas we have been telling you about, particularly ENERGY, BIG RETAIL, […]