kaltbaum pre market

Someone had heart attack on plane…but will be alright. Diverted to Nova Scotia…arrived in Europe a few hours late.

 

Futures up a wee bit…yesterday was gross gross gross. I am glad I told you to keep position size small. I am really worried after yesterday that the high for the rally was yesterday…as a failure…a bad failure at the 50 day is no good. I do not think it pays to be long in here…and would take continue to use the 50 day on aapl as a sell…if it breaks…and would keep a close leash on anything else. I know things can change quickly in this news-driven environment and all the yapping…but I have to measure whether one can make hay…and thinking not.

 

Keep in mind that next week is end of month action so maybe able to sell better into bounce but that is not assured.