kaltbaum weekend report

No issues with overall market as it remains teflon. Poor consumer confidence numbers…crappy numbers in Europe…doesn’t matter as the Fed prints $3 billion/day…and that is not even mentioning Europe and Asia printing. I promise you one thing…EVENTUALLY, MAJOR INDICES WILL REVERT BACK TO THE NORM…WHICH IS A PULLBACK INTO THE 50 DAY AVERAGE. This can happen at any time.

 

Here are leaders:

 

AMZN- Setting up well into earnings.

CRM- Sits on 21 day.

CVLT- Can be probed in here.

CELG-Now on…and in some sort of high tight flag.

DDD-Showing its real strength.

EXPE- Pulling in a bit here.

EBAY-Minor high after numbers.

EQIX- Starting to edge out here.

MA– Good reversal Friday.

REGN– Done for now.

RAX- Sitting very tight here.

SHW- Moving into new high ground.

SSYS-See DDD.

V- Slight pull-in off downgrade.

 

The service sold FDX with a few points and still holds CF,CRM,EXPE,LNKD,MA and a long market proxy. CF moved above pivot and fell below. Still looks ready.

 

Buy back a probing position of EBAY and probe CVLT right here…using a stop below 50 day average on both. Full disclosure…I probed a small position in CVLT and looking to add if it gets moving from here. LNKD also needs to just jump the 120 area.

 

Starting Feb 1, you will also be receiving the report from my friend Adam Sarhan. It is a comprehensive report on markets and includes plays on other areas of the market away from growth…a big help. This report will change a little. I will be providing a report Sunday and Wednesday night…but in between, only reports on days I feel necessary. So if I have a play on off days or if market changes on off days or there is something I need you to know, there will be reports whenever necessary. Also, this report will be included inside Adam’s reports. If you have any questions, email me back. You will not miss anything.