Entries by Gary Kaltbaum

PRE MARKET

All the areas that have been under-performing, put in lows yesterday. These areas were said to be affected by tariffs but once the tariffs were put in place, the world did not end. So: DOW held 200 day. S&P held 50 day. TRANSPORTS held 200 day. BIG FINANCIALS (XLF) held big big support. INDUSTRIALS, COMMODITIES, […]

WEEKEND NOTES

Maybe if the trade war escalates, the market will really start rallying. (sarcasm) The most important part of the equation is that all major indices HELD THEIR RESPECTIVE SUPPORT LEVELS: The strongest NASDAQ/NDX/RUSSELL all held 50 day with NASDAQ/NDX really popping off of it Th and Fri. The NDX held to the penny. The S&P […]

PRE MARKET

Tariffs now in play. Good jobs number even though headline number up to 4%. That’s because 601,000 people entered workforce. Futures mostly flat with NDX up a bit but that is mostly BIIB up $41 on some drug news. Markets remain in the muck and mire here but the best news is the 50 day […]

PRE MARKET

Don’t blink. Reversal up Monday, a reversal down Tuesday culminating with a nauseating drop into the close on Tuesday’s half day. Of course, we walk into a gap to the upside getting back some of the drop from Tuesday. But nothing has changed. Big picture is still that January 29 was a high that we […]

PRE MARKET

Half day today. Still don’t know why they have these days. We told you yesterday that the NASDAQ/NDX were again holding the 50 day average. This led to a strong close…which is now leading to a pre-holiday strong gap. Simple as that. For this second, the leading areas held right where they needed to. This […]

NASDAQ/NDX/SOX

The NASDAQ/NDX held their respective 50 day moving averages today…so far. A good hold goes a long way in this leading area setting up to move again. The SOX not as good but looks like it held the longer term 200 day average…so far. The SEMIS are much weaker and have recently been an anchor. […]