kaltbaum email

Not a lot to add tonight…some of the deepest oversold areas like semis and finacials bounced. Market moved up on lighter volume. But I am in the camp for a little more upside here as most everything is stretched down. Futures up 50 as I write this as Republicans win big in Wisconsin. Relief rallies happen in bear phases. Barring a follow through day, it only sets the shorts up after oversold conditions are taken care of. There remains no leadership…and certainly no bases setting up just yet.