kaltbaum premarket

Futures are weird this morning. Seeing the Qs down…other things up a little…this is down from earlier but another crappy economic number came out.

I was really irritated yesterday. I hate market interference. I could have easily been short at 3 pm yesterday and would have been wacked. The best move into the weekend is to sit. The service owns DLTR…this weekend, will outline list of leaders and shorts but right now, we are held hostage by the fed and central banks as well as Greek elections. Speaking of Greece, I am headed there next week for a week cruise to the Greek Islands. Let’s hope there are no issues. I will be in Europe from the 21st until the 7th of July. I may miss one or two reports but that’s about it as I schedule my days to where I can scan and manage the money I manage. It is 6 hours later there.

I am in particular watching the nasdaq and semis as they were really vulnerable yesterday. That will have to change.

kaltbaum email

Not touching a thing here. Market was crapping out into the 3 pm hour…and I have to admit, I was going to issue a couple of shorts…and then the news of more central bank interference ripped the market to the upside. I have no idea whether it continues. I have no idea about the reaction to Greek elections. I do have an idea about bernanke and central banks. They are going to open up the bazookas and that may affect the markets. So sitting tight tonight. NASDAQ/SEMIS were relatively weak today. Not good if that continues.

kaltbaum email

Not touching a thing here. Market was crapping out into the 3 pm hour…and I have to admit, I was going to issue a couple of shorts…and then the news of more central bank interference ripped the market to the upside. I have no idea whether it continues. I have no idea about the reaction to Greek elections. I do have an idea about bernanke and central banks. They are going to open up the bazookas and that may affect the markets. So sitting tight tonight. NASDAQ/SEMIS were relatively weak today. Not good if that continues.

I THOUGHT PIZZA WAS UNHEALTHY!

[email_link]

Ever have a sudden urge for crisp-crusted, ooey-gooey, cheesy pizza? You want it STAT. Not in the time it takes to preheat the oven to 500 degrees for a frozen pizza. Not in the 20 minutes it takes for the pizza delivery guy to arrive. And certainly not in however many hours it would take to make homemade dough and marinara sauce.

Get ready for Let’s Pizza, a pizza vending machine that promises to deliver a piping hot pizza pie made from scratch in less than three minutes. 

The brainchild of Italian entrepreneur Claudio Torghel, the machine will be distributed by A1 Concepts, based out of the Netherlands. It’s expected to hit our shores later this year,according to the industry website Pizza Marketplace. The company is expected to set up its U.S. headquarters in Atlanta.

Continued

SOURCE: http://www.latimes.com

kaltbaum early notes

Glad we are sitting on hands. Only stock on service is DLTR which is acting fine. This week has been down big…up big…down big…and a good open today even though economic numbers were again suspect. The strong euro trumping economic numbers. A glance at the major indices do show a potentially bullish handle being put in place so stay aware. Market can still have a follow through day at any time…

I sarcastically said on my radio show yesterday that we were due for bug up day because of just going back and forth. So far, shouldnt have been so sarcastic. Keep the potential list of shorts handy as well as the leaders list I gave you. Market will eventually blink.

 

kaltbaum pre market

I gave you a list of potential shorts last night. Hold on to them. We will play off them…as well as some others. I will get back to you. Shorting aint easy. It is a pain in the rear because rallies in bear phases are swift and many times are gapped. This weekend is the Greek election and next week, the criminals(the fed) meet to decide how to manipulate things going forward…thus my being gunshy. But charts usually play out so when I see so many setting up, things usually move that way.

 

Notes:

Amazing to see NOK under $2.50 and now going to fire a lot of people. This was my biggest position in the late 90s.

Futures are up a wee bit but were never up big or down big during the night.

I will be back with plays but unsure of timing. I do not want to overtrade. Just look at the action of the past 3 days…a carving up.

 

kaltbaum email

AAPL,AAP,ADI,CBS,CVX,COP,CMG,COF,DOW,FDX,INTU,ISRG,LOW,MA,STT,UPS,V all look shortable in and around here. I am actually mad I did not play NKE at a real fgood spot…but there is more.

I will let you know in the morning depending on how market opens. Even though major indices are hanging in here, lots of retail names roll over bad today…and just not thrilled with what I am seeing. Of course, this means market up 200 tomorrow. See you in the morning.

 

 

kaltbaum on BHI

Cover BHI with the 2-3% profit…yippee…noticing euro picking up…could help oil stocks…and frankly, thinking chance market can move up into resistance…and maybe above it.

I THINK I AM GOING TO VOMIT. WATCH THIS VIDEO.

[email_link]

 IT’S EVERYONE ELSE’S FAULT. I HAVE NOT BEEN THE PRESIDENT FOR THE PAST 3 AND A HALF YEARS. I INHERITED THE DEFICIT. YEAH…THAT’S THE TICKET! LISTEN TO THE AUDIENCE. THEY BELIEVE EVERY WORD! THEY REF– USE TO DO THE SIMPLISTIC. JUST LOOK AT THE NUMBERS! BOTTOM LINE: IF OBAMA DID NOT WANT DEFICITS, HE WOULD NOT HAVE DEFICITS. NOW…THE DEFICITS ARE STRUCTURAL AND IT IS NOT MY FAULT

Continued

SOURCE: http://newsbusters.org

kaltbaum premarket

Poor retail sales in u.s. Poor economic numbers out of the Eurozone. Futures only down a wee bit.

 

Last night, mentioned SWI and TJX as plays here near the 50 day with stops just below. I also mentioned BBBY but not yet. PLEASE WAIT. I want to watch early action today. I think the market is ok here and would be surprised if they sell it off again today. Ok…maybe not so surprised. Just want a little more confirmation. SWI 50 day right at $43. TJX 50 day right at $41. BBBY is a little farther away at $70…so if decide to play any, very low perecentage risk if they don’t work. Stay tuned. If I decide to play, you will get an email intraday.