kaltbaum weekend report
AMGN- Acting fine but sloooow.
EXPE- Acting fine…but not much ooomph!
EBAY-Good breakout Monday and sticking.
HD- More new highs but no entry.
MA– Acts fine but no new entry.
REGN- Good move Thursday…right back down Friday.
RAX- Good move…a little straight up though.
SHW- Heading back to 50 day…not thrilled with volume.
V- New high but no new entry.
ULTA- Adding off the gap Friday. We’ll see what comes of it.
AMZN is back above 50 day but tough to add because of a big loss for the quarter…but no doubt, market likes the sales growth.
Currently, EXPE,EBAY,RAX on the service but a little pissed MA and V are not…just extended this second.
Market is up into resistance. Since the reversal low, not much in the way of pulling in. There was one ugly looking fade this past week but it was bought up. At this juncture, there are not a lot of set-ups. I mentioned last week the breakouts in CVLT,DDD,SSYS…and now all starting to come back. I may look at them if they pull in properly. I am also watching the handles in EQIX and LNKD but both trade below moving averages.
We are going to have to deal with the fraudulent fiscal cliff noise. I won’t get political here except to say it is all a sham…created on purpose to further agendas. They all suck.
For new subscribers, the leader’s list is what the service believes are the strongest growth stocks in market. The service looks to buy off proper buy points…but often, cannot get a decent buy point. Both MA and V did not give a good chance while the market was correcting…and had to wait for earnings to be reported. A stock will usually come off this list on a break below the 50 day/10 week moving average on volume.