Newsletter

The A LOW continues to bounce. Keep in mind the last time we called A LOW, the market rallied for a whopping 7 trading days before rolling over. These lows are occurring not because of strength but because of weakness. After all, the DOW dropped 1,100 points in 3.5 days last week and 2,000 points…

Strong day yesterday…today’s pre-market not so good.   Even with today’s open, we believe that near -term, another A LOW was put in. This does not change the big picture and that is just about everything is trading below longer term moving averages, leadership is almost nil and suspect there is plenty more time and…

By Gary Kaltbaum- November 26, 2018 Hey…the market is up this morning. Not to throw cold water on any rally but let’s just remember, in just the past 9.5 days, from peak to trough, major indices have dropped 7-10%. On top of that, the DOW is 900 points BELOW the longer-term 200 day moving average….

By Gary Kaltbaum- November 25, 2018 -A few thoughts:- -Don’t you just love how so many are NOW coming out to tell us just how bad the “bitcon” and all those coins are? All it took was a move from almost $20,000 to under $4,000 to finally make them realize what we knew from the…

It is a scorching 8 degrees as we write this. Speaking of cold, futures down nicely another day. OIL again ripped. Too much talk of supply issues. We say it is all about demand. Just watch the market. It knows. We are quite amazed that the institutions could not even wait to sell more until…

First off, a happy and healthy and fabulous Thanksgiving to all. We do not want to throw cold water on anything. We are always looking for good lows in bearish markets. After all, markets going up are better than markets going down. But as you know, we deal with the evidence at hand. We deal…

“BITCON AND MARKET NAUSEA!” By Gary Kaltbaum- November 20, 2018 And this was supposed to be a seasonally strong Thanksgiving week! And this was supposed to be a week where we didn’t have to write more than once. At least the Giants won two in a row.  Let us start off by saying that as…