KALTBAUM PREMARKET

Futures down as Euro pulls back… I am less than thrilled with the action in growth stocks. Money flows have gone into areas like the commodities off the bottom, the financials where Einstein couldn’t figure out their opaque accounting, housing…which remains in a bull as they refuse to break the 50 day…and industrial types. Regardless of this 3 day rally off the 50 day, just not finding a lot of set ups in growth land…so we are patient. The set ups I see are off the bottom…and not thrilled to play stuff like that because the moves are somewhat random. I think it best to work through earnings season before jumping all over things. MLNX blowing up. That came off leader’s list when because of the action on 9/7 and 9/10 and the subsequent anemic rally. ALGN also blowing up. GOOG reports after the close as well as MSFT and CMG.