kaltbaum email

Happy Thanksgiving to all.

 

Tomorrow is a half day but Europe up nicely today so our futures will be up tomorrow. This week is normally a strong week…but with markets way oversold coming in, a good bounce has occurred. I do believe it is A good low. Notice the word A…not THE. The jury is still out…but with December usually decent, market has calendar in its favor.

 

Leaders still acting well are MA,V,HD,AMGN,EXPE and seeing a small number of charts acting well…names like SAP,WHR,YHOO and others fit…but still no follow through day and volume very weak as market bounces.

 

There are some potentially good set-ups in things like CRM,BAC and a few others but still nothing popping. If names start to break out with volume, will be glad to play. I will advise.