Newsletter

Yesterday’s pre-market was not so good but the 21 day moving average contained the DOW and S&P with the NDX and NASDAQ contained near the 50 day. The RUSSELL is also holding the 21 day. Add in AAPL and AMZN holding 21 day. Add in the continued strength in a select group of growth names…

I still remember where I was standing, what I saw, how I saw it, what I said. Another plane hit. My exact words yelled out: “IT’S A F—ING TERRORIST ATTACK!” I remember the drive home. I remember the whole day. I remember the next few days as the market was closed. I cannot believe it…

Even with major indices just off highs, there is a ton of weakness. We are seeing HOUSING breaking down from low levels, continued weakess in GAMING, GOLD/SILVER, STEEL, COMMODITIES, SEMI-EQUIPMENT which is being blasted, DISK DRIVES, HOTELS, AUTOS, a few select RETAIL showing some tops, a ton of OILS, all the other countries and areas…

Not a good day yesterday for TECH/INTERNET/SOCIAL MEDIA. Names like FB, GOOGL, TWTR act poorly. They are a tail wind for market for a long time. On top of that, even AMZN and AAPL now pulling back. On top of that, poor action in TSLA and NFLX not helping. TSLA down another $15 this morning…

By Gary Kaltbaum- We write this and actually disclose who we are.- The NASDAQ/NDX has been very strong in past months off of a select few mega-cap names. Earnings come out in droves in a few weeks but:- FACEBOOK gapped down recently on potential for slower growth. On top of that, Facebook has put themselves…

We saw a day like yesterday on 6/25 and 7/27 only to see NASDAQ hold at the 50 day average within pennies after a little more downside. We just know yesterday was another scare day where growth leaders took it on the chin. Some reversed a lot, others stayed near lows. The good news behind…