Entries by Gary Kaltbaum

PRE MARKET

Guess the gap…up or down. Seems that is the m.o. now. What news is going to cause a gap to the upside? What news is going to cause a gap to the downside? This morning, nothing really news. We still have tariff issues. We still are hearing about Iran. Immigration is still a problem. But […]

PRE MARKET

Not a good open this morning after a strong day was sold off into the close yesterday…after a gross day Monday. Leave no doubt, the internals are heading south. Leave no doubt, fewer and fewer working while more and more are breaking support. Yields down to 2.366 as we write this. Something is up. China […]

PRE MARKET

Shorter-term, doesn’t take a genius to know markets are oversold. But oversold does not mean we do not get more oversold. The biggest problem markets will have right now is that most things have turned down for now. We suspect this will lead to some violent back and forth. Just leave no doubt, things are […]

PRE MARKET

Futures down a bit and all over the place as tweet after tweet comes out on China trade. But backing away from the noise: Major indices held the 50 day moving average yesterday…a place that normally holds in an uptrend. Get the hint! The NASDAQ, NDX, RUSSELL, TRANSPORTS and S&P bounced off this vital area. […]