MORE RANGEBOUND NONSENSE” By Gary Kaltbaum @GaryKaltbaum garyk.com Up 140 on Monday…down 330 on Tuesday…up 260 on Thursday…down 250 on Friday before a late save finishing down 146. Having fun yet? This is what you get when you have central banks going different ways with currencies making moves in weeks that usually dont happen in…
Very little to add. More yuck in a bunch of areas with the Euro continuing to crumble. Major indices that had broken above range have now tucked back into range like frightened turtles. Stocks that broke out of range are doing the same. Bear market areas simply worsen. The potential good news is that every…
And that’s being nice. But first, for a very long time, every time markets have been hit hard, every time massive distribution showed up, every time the market looked like it was headed into a correction of magnitude….markets experienced a reversal day and then turned right back up. We are in no way saying this…
We held off writing last night just to see how this morning goes and it is not pretty…a decent gap to the downside. We just thought yesterday suspicious as it seemed like a propped DOW day. The DOW was up nicely but advance/declines were flattish with other indices trailing badly. As we stated coming into…
First off…what has not changed: We remain bearish on about 40% of the market…with most worsening in the past week. Our latest stance change occurred on Feb 6 when we told you we thought the bond market had topped out. We also went on to say that the interest-rate sensitive areas like Utilities and Reits…
We will have a regular weekly market report, a report taking issue with the many articles on the Fed and the impending raising of rates, Mark Cuban’s thoughts on a bubble and probably throw in one of our “just wondering” reports on the weekend. You can tell football season is over. Have you seen the…
The market continues to pull in…but as of this second…no biggie. We have simple tactics right now as the market works off the recent up move. We keep a list of the strongest names that are pulling into support/moving averages for primary or secondary buy points. When we see a slew of them start to…
In order for markets to continue higher, pullbacks are preferable. They work off overbought conditions. They wipe the smiles off bulls faces. They build better bases. Looks like we may be getting one here. Anything is possible but we expect any pullback to be controlled and rotational at this juncture. The one area that pulled…
NASDAQ 5000-YIPPEE! By Gary Kaltbaum March 2,2015 Follow at twitter@GaryKaltbaum Ahhh…the last time the NASDAQ hit 5,000. We remember it like it was yesterday. After all, it is not often where stocks break out of bases and go up 5-fold in 3-4 months. After all, it is not often a major index goes climactic…
After a darn good move, this 60-40 market is now feeling a little tired. A 60-40 market simply means about 6 out of 10 stocks remain in shape while 4 out of 10 just ain’t happening. Looking farther out, these numbers do not thrill but as long as the major indices stay above their…
