kaltbaum notes

It is early but had to let you know they are pulling the SEMICONDUCTOR move again. INTC reports horrid numbers…but the group is already way way down. Combine it with the SOX at significant support…and you get a contramove up. If this gets legs, it will indeed help the NASDAQ as the NASDAQ has lagged because of the SOX. It is amazing how things repeat in the market. There is really no play here except to watch and if you are short any of this weak group, to maybe get less short.