Market Look

Greetings from Aberdeen, Scotland! Markets overbought, extended and still no pullback. Need we say more. Seeing some rotating pullbacks but that’s it. Did want to mention HOUSING now on the move…Fed will not raise rates so soon and rates around globe still a joke. Keeping this short because on the move today. Hope all is…

Another good day for Dow/industrial types. Names that have been still, names that have been dormant…in chemicals, in stuff breaking out of range and working. Keep in mind, low beta stuff but in this market, can turn into high beta. Also: AIRLINES wake up. Probably want to get them on the screen. High volume moves…

Very good day yesterday for industrial types, economic sensitive stuff and Dow types as the DOW led up. Simply put no complaints except all measures overbought here and would love a pullback. Pullbacks work off froth and speculation. Just keep in mind overbought is a good thing…better than being oversold. “FANG” and GLAMOUR STOCKS We…

We just arrived in Dublin, Ireland. As we were on the train, we got the news. The deadliest mass shooting in U.S. history had occurred in Las Vegas. The recent highest number was right down the block from my office in Orlando. Last week, my wife and I toured Manchester, England and went to the…

By Gary Kaltbaum- October 1, 2017 Greetings from Belfast Ireland as the GK birthday celebration continues. If you have never been to Northern Ireland, my highest of recommendations. Yesterday, did the Giants Causeway, Carrick-a-rede bridge, Portrush, Bushmills and the whole coastal drive. Today, did the Titanic expedition (better than the magnificent they said it was)…

Same story today…financials strong, beta/growth bouncing after ugly Monday drop, semis strong but need pullback, transports strong. Oils got overbought…normal pullback. Will have a biog report over the weekend coming to you from beautiful Northern Ireland.