Entries by Gary Kaltbaum

A FEW MARKET NOTES

FINANCIALS (XLF) edging out of a few week range with a few names like BAC, JPM, WFC ascending out of short bases. Keep in mind, they all start reporting late next week. DOW stuff: IBM just off an upgrade yesterday continues on the move with their crappy numbers. MMM off the 50 day. AXP edges […]

PRE MARKET

We shall be short as to not confuse: Big institutions representing the big money came back from the holidays and are buying en masse with the NASDAQ again leading the way. Never argue with the big money. Strength remains in commodities, oils, housing with many semiconductor names waking up from weeks of dormancy.

PRE MARKET

Our latest theme from late last year continues this morning. A weak dollar has commodities and emerging markets strong out of the box. We are always ready for changes in market conditions but right now, all pullbacks in commodity names should be looked at. A late dive on the last day of the year is […]

PRE MARKET

Happy almost new year. Our recent oil/energy/commodity theme continues this morning as the dollar continues to slump, lifting commodities. Price of oil, copper, steel and all that crap continue higher. Copper is up 16 days in a row. Recent breakouts in SCCO, RIO, BHP, SCHN, STLD and others working. Time to look for anticipated but […]

PRE MARKET

Futures up decently this morning as trade remains quiet into new year. Still…nothing that resembles even a 2% drop. Bitcoin getting hit today. Some of those “questionable” companies that changed their names in the midst of going right back where they came from. We are in hopes you were not the last ones in on […]