Trading Setups
Just in case, my favorite names are EXPE,SWI,MNST,TRIP,EQIX,EAT,
Market had a good reversal…volume was heavier on the nasdaq but blah everywhere else.
I actually hope we eo dot get a follow through day as I would like bases to be longer…but if one occurs, we will look at these names. EXPE and SWI actually breaking out in spite of earlier market weakness.
My dumb uneducated guess is that the market is trying to carve out a low into Memorial day and end of month…but not sure there will be much to this. Markets were due as they were oversold and stretched to the downside. Just keep in mind that there is a lot of noise out of Greece…who I suspect will leave the Euro. Many calling for another Lehman moment. I am not so sure.
I dont have much more to add except to say realize market had a chance to sell off today and couldnt…at the same area it has hit all week…indicating some near term support could be craving out in here.
Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.