KALTBAUM PREMARKET

The market remains all but impossible to play. Coming into yesterday, things breaking down badly. One word…a repeated word over past months by the ECB Pres and we gap up 200. Futures were blah this morning until, guess what, they said they would be buying Spain and Italian Bonds and now do something with Greece. Real numbers do not matter. Printing money is the only thing that counts.

 

By the book, market had ANOTHER follow through day yesterday. I think 7 out of the past 8 have failed. That does not mean this one fails. So we watch for leadership. Futures now up 3/4% and gaining in past few minutes.

 

HD is in play if it breaks out…and as things show up, we will play. If more things work, we will play more.

 

CERN,KLAC,APKT,FB,SBUX,CSTR,WOOF,VPRT,NTGR,CA,QLGC,NEM,MOH gapping down.

 

N,AMZN,EXPE,AMGN,DECK,TOT gapping up.

 

For the life of me, dont know what market is seeing in AMZN…earnings down 99%…and now misses on sales. But BUY BUY BUY!