SOUNDING OFF ON THE WEEK COMING UP

We proudly announce that this Wednesday will be the 23rd (maybe 24th) Kaltbaum Family Thanksgiving dinner for about 300 youth from the Boys and Girl’s Clubs of Central Florida. Anyone from the Central Florida area that would like to attend and volunteer, email us here. We have served over 6500 Thanksgiving dinners through the years for these great kids and is our favorite day of the year.

We thank the president for finally listening to us about the tariffs. Will give them the credit that leadership is also about changing your mind.

A crazy few days ending with a terrific reversal on Friday for the big Indices after a harrowing morning. (we always give less weight to the DOW but a ton of weight to the NASDAQ/NDX) We told you Friday morning that the market is going to need a goal line stand at the vital 50 day moving average that has held since the beginning of the move in April. After undercutting early Friday, the big indices finished back above with a second Friday wash out in a row. They were really on top of things Friday.

The underneath of the market remains poor. Amazingly, only 41% of NASDAQ stocks are above the long-term 200 day moving average. That’s the 200 day moving average. Hundreds of stocks are at new yearly lows. The stats are stunning for a market that is only off the highs by a few percent.

The reversal included the SOX as it bounced strong off the 50 day moving average.

To be as blunt as possible, until they fully get the technology arena including them semis, it’s gonna be very tough to take the big indices down. There is just so much technology concentration. We have seen days with the Dow was up 400 but the S&P was flat because the technology stocks were weak that day and we’ve seen days with the Dow down 400 points but the S&P was up because tech was strong. That tells you everything you need to know about how important technology is to the big indices.

Now that everybody’s talking about the bearish action in crypto, it probably bounces but please tell that woman not to predict 1.3 million in four years for bitcoin. Crypto is in a bearish trend of unknown price and time. The MSTR we have been warning you about for months has been crumbling while the CEO acts like everything is just fine.

This doesn’t change the absolute meltdowns in the no sales and almost no sales companies in quite a few meme areas. Remember, if nothing changes with these companies, they will eventually all go back to where they came from. This comes from the study of every bear market in history That’s if nothing changes. You never know which one of these companies become big time.