By Gary Kaltbaum Kaltbaum Capital Management @GaryKaltbaum garyk.com Fox News Business Contributor Late last week, we told you we thought a low was being put in. After Friday’s action, we told you we thought a good low was put in and odds favored a turn in the China markets as well as the oil markets….
Got my Mets shirt on and raring for them to kick the Dodgers ass. As usual, we will have our award winng weekely report on Sunday. Don’t miss is. Leave no doubt, the bad news last Friday got the juices flowing as the worst is now first. Everything that led the market down for months,…
Since we are into the meat of resistance here, we will take the day off to not cloud anything and let a couple of more cards come out of the deck! We do suspect we can get some backing and filling in here. Always rooting for underdogs when we do not have any blood in…
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In our weekend report, we simply felt several things were starting to occur that needed to be watched. We thought a good low was put in the market off of three straight reversal days to the upside right at vital support. We thought oils were trying to turn the corner to the upside. We thought…
We thought A low was being put in the market last week. Monday’s action made the low A better low. Markets have recognized there will be no rate hike. Just a word to the wise. Bear market rallies are sharp, quick, make you feel good, get people calling the bottom, suck you in and then…
On a short-term basis, we were sure on Thursday that the market was carving out a low as we had two days reversing to the upside off of monstrously significant support areas. By 10 AM Friday, we thought we were idiots. By the close, we think we got the short-term low correctly.Notice the words short-term….
Since we are getting quite a few emails today, we thought we would answer the big question everyone is asking. General Hospital hasn’t even started yet and the markets are again rebounding from another ugly open. We continue to think August lows are going to hold for now. Markets did a good job of holding…
We were really going to take the day off today from writing to you…but after the fake employment number (just check out the participation rate), we figured we’d let you know our thoughts. We told you the market was forecasting a big slowdown or a recession. We did not have to predict this. The market…
Most indexes appear to have (for one day) held at the Double Bottom area we have outlined for you. A double bottom occurs when a low is hit, rallied off of, then retested with a successful hold. The problem is there is really no telling if this is just the “end of quarter” bs that…
