kaltbaum email

Well…knew a bounce was coming…but as usual…but never expected…fireworks on the bounce. By rule, market remains in correction with volume light today. The biggest moves were some of the worst names like AAPL and GOOG.

 

Trading going to lighten up but may just probe as I think this near-term low holds for now. There is just very little in the way of entry…hoping market sits for a couple of days or pulls in as I am seeing set ups in MA,SAP,SHW and a few others. I may do something in the morning but no promises as I am also on the prowl on the short side as this bounces up;…just not ready yet.