kaltbaum premarket

An open today to screw the shorts.

 

I play this market by the book right now. If the market stays up today…it would be day 1 of an attempted rally and would look for a follow through day starting Tuesday. Otherwise, best to play lightly. A few hundred earnings reports coming out today with AAPL and AMZN leading after close.

 

Gaps to upside this morning are SWI…past leader…DDD,RYL,WYNN,BIIB…which is still under 50 day and a few smaller ones. Gapping down are UA…which should take it below 50 day again, SWI…which is still on leader’s list. They lowered…but they also lowered last time and the stock reversed up. FFIV,CROX,TSCO and a few others gapping down.

 

So market has a chance again today to show some strength. Any strength was sold yesterday…at least for the most part. Since we are entering end of month, I gather we shall see some upside in here..