kaltbaum pre market

Something happened on July 26. That’s the day the ECB went all in with the promise of printing of trillions of Euros over time. This changed the trajectory of foreign markets…which were lagging unbelievably badly. Europe and Asia now have a bid they have not had in a long time. I do not know how long it lasts but for the first time, I am actively searching for set-ups there. This will include the oils which are already starting to show up on my screens. The one fly in this is I woke up this morning and all of a sudden strategists loving oils. All it takes for the fundamental guys to get bullish…is a little move. They have become technicians.

 

The problem with all this is while these areas have got a bid, my favorite growth areas have sat. Names like MLNX and SWI could not be bought until earnings came out…and are too extended after the move.

 

So expect me to talk about some different areas that I have not mentioned in months. I would have been on an HFC already but they report Thursday. And in case you don’t know, I typically have no interest in buying or shorting anything close to their numbers.

 

Right now, service has AMZN…sitting fine…needs one good move out of here…HD…down a wee bit…and a probe in ROST…which just needs to keep holding the 50 day. There will be more if market continues its slow ascent.

 

Futures are up decently…getting back yesterday’s late drop and a little more.

 

FOSL big gap up…stock has been smeared. They actually warned but stock was already way down. BSFT,TUMI,TDG,VSI gapping up. VSI has been strong but doesn’t trade.