Another up day. Just be careful. As we screened 1500 stocks, 200 sectors, many countries and commodities, it seems to us we just have a “beyond oversold” rally of unknown price and time. The MAJOR TREND does not change on two days up. Just about everything still trade BELOW the 200 day average with the […]
About Gary Kaltbaum
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Entries by Gary Kaltbaum
By Gary Kaltbaum October 31, 2018 Before we do markets, we must mention that the president, who picked supreme court justices based on interpreting the constitution and “settled law” now lets us know “just kidding!” Yummy! With another wild action day yesterday, culminating with finally, a decent close…combined with this morning’s gap to the upside, […]
Futures were strong earlier but now down…down much more on the NASDAQ/NDX. Big TECH continues to be yonked. We were even surprised how weak the market was yesterday. When a market is stretched. extended and oversold, bounces usually occur. So far, they haven’t lasted a day. Continue to sit back and be patient. Our thesis […]
BIG GAP TO THE UPSIDE IN THE PRE-MARKET….NO REAL NEWS EXCEPT IBM BUYING RED HAT IN WHAT WE BELIEVE IS AN ACT OF DESPERATION…AND THEY OVER-PAID. WE WROTE THIS REPORT OVER THE WEEKEND BEFORE THIS MORNING’S GAP! The evidence at hand is all one really needs yet so many continue to turn a blind eye […]
By Gary Kaltbaum October 26,2018 We were asked on tv yesterday whether it was good that right after a 600 point drop, the market got back 400 the next day. We simply replied that we did not see it as down 600, up 400. We saw it as down 2400, up 400. In other words, […]
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- PRE MARKET AND MORE NAUSEANovember 15, 2018 - 8:30 am
Another rough day. Any more and you will see many pundits that have been bullish and fighting the ugly all the way down…all of a sudden, be bearish. Coming to a theater near you soon. “GLOBAL ECONOMIC SLOWDOWN DEEPENS!” That’s the headline on the front page of the WSJ this morning. But not sure we […]
- RADIO SHOW 11/14November 15, 2018 - 8:00 am
- PRE MARKET AND MORE NAUSEANovember 14, 2018 - 8:50 am
The market had a good chance for a good day yesterday but fumbled the ball. The DOW was up 125 but finished down 100. The NASDAQ was up a whopping 120 but finished flat. We are never thrilled when markets reverse down but today is another day. Futures have moved up nicely in the past […]