kaltbaum email

Not much I liked about today. When a PCLN can give so much back on a downgrade…taking EXPE with it. When growth either sits or pulls back…just not thrilled. Yes…names like PWR,POOL,TEX,TER have little breakouts but not what I call strong names.

 

AMGN did edge above resistance but conviction remains low. This market is only good for small position sizing and quick stops if wrong. It is just one of those markets. I do not think the near-term strength in commods will lead the way…but will sit ready if anything comes out on volume.