Market Look

-By Gary Kaltbaum- December 4, 2018- -The hope that the rally would turn into more than a bearish market rally is now dwindling. The hope that pullbacks would be controlled and rotational just aint happening. We called A LOW last Monday and THE LOW last Wednesday off the Fed…but now think that’s it for the…

The gap held decently yesterday but you can tell after 1600 Dow point in 5 days and a gap that the move could get pooped out. This morning, we open on a pullback but not as bad as overnight as the administration sends everyone out to tell everyone China deal will be fine. Of course,…

Market indeed gaps up. Bear market turns into bull market in less than a week off of a major change by the fed and not so major change with China trade. Normally, we could care less about the news but when the fed is involved, it is more than material. MARKETS ARE NOW RIDICULOUSLY STRETCHED,…

Futures just rallied up to be flattish. Something about the G20. Keep the big picture in your sight. Down 2,000 DOW points in 9.5 days…1,100 of those points Thanksgiving week. Rally up off the fed about that same 1,100 into massive massive resistance. On top of that, except for the DOW, everything pretty much remains…

This past Monday, we called for A LOW…not because of strength but because how weak things were. The DOW dropped 1100 points Thanksgiving week and 2000 points in less than 10 days. We believe the fed just put in THE LOW. Readers of this column know for years we have thought markets and assets were…