kaltbaum email
AMZN,CRM,RAX on or close to the 50 day…will be watching if CRM holds. Not looking for AMZN or RAX this second but if they move off 50 day, service will probably add.
AMZN- Sits on 50 day.
CRM- Almost sitting on 50 day.
CVLT- Pulled in and ramped again.
CREE- Refuses to pull back off of gap.
CELG- Seeting again in high tight flag.
DDD- Straight down…straight up…not thrilled with pattern.
EXPE- Sits tight after numbers came out.
EBAY- Continues to edge up.
EQIX- 50 day catching up.
GOOG- Breaks out above big gap range…with volume.
LNKD- HUGE BREAKAWAY GAP.
MA– Sitting tight now after earnings. Looks like it wants higher.
NFLX- Now starting to sit…and will watch for entry.
RAX- Sits on 50 day.
SHW- Sits fine.
SSYS- Now wedging along 50 day…not thrilled.
V- Pulled in just a wee bit.
Service owns cf,crm,ebay,goog,lnkd,ll,ma,proxy. I forgot service told you to buy GOOG last week. It was announce Eric Schmidt will sell a lot of his stock but over a year’s time so not thinking it takes a huge hit here but probably takes in a little.
LNKD is a huge breakaway gap. Please go look at these stocks and dates…reminds me of those gaps.
NFLX 10/23/09 AND 1/28/10
BBRY 9/26/06 AND 6/29/07
BIDU 4/27/07
CMG 5/2/07
AAPL 4/26/07
AMZN 4/25/07
GMCR 4/30/09
PCLN 9/22/06 AND 2/13/07
Just because LNKD looks like these names, doesn’t mean it will continue…but dang, it looks for real. Let’s hope it is.
As far as market…tired of saying the same thing as this is one persistent #%&@%&. Bullishness is rampant and calls for dow 25,000 and dow 60,000 are showing up. Hmmmmm! Just hoping we can get new buy points in powerful names like CREE,NFLX and LNKD. Just remember, fed printing $3 billion/day…which is maniacal and insane where one day, markets will bite back…but not now.