Entries by Gary Kaltbaum

The Morning Look

Stock Market Overview:  Futures are down ahead of Wednesday’s open as the market continues digest it’s strong rally off the Feb 11th, near term low. During that time, the benchmark S&P 500 soared nearly 7% which is not an insignificant sum. Remember, moves of that size typically happen during bear, not bull, markets.   Gary’s Thoughts: […]

Required Reading Of The Day

Greece rages at neighbours as fears migrants could be halted Syrian govt. accepts halt to ‘combat operations’ in line with U.S.-Russian plan Wall Street falls more than 1 percent as crude extends losses Michigan Senate approves $30 million to help pay Flint water bills Plastic in Snickers bar prompts Mars recall in 55 countries

The Closing Look

Stocks fell on Tuesday after the major indices rallied right into their declining 50 day moving average lines on Monday. This is a logical area of resistance and as we have mentioned a logical area for the market to encounter some trouble. Oil prices fell hard on Tuesday after Saudi Arabia said they do not […]

Apple Continues Acting Poorly $AAPL

We continue to notice that Apple is showing no relative strength when the market rallied as it trades below it’s declining 50 DMA line. Apple’s estimates are for a 10% sales drop and a 16% earnings drop, their worst quarter in ages. Even with the usual sandbag, these numbers speak for themselves. No Position