kaltbaum email

Within the next week or so, you will be receiving these emails from a central site. Also, a trade blotter will be up at the site.

 

Strong day early…weak day early…strong day by close…but it is food,drugs,beverages,tobacco,reits,

household products, telcom utilities, utilities that are leading the market. Growth names are simply sitting with some breaking down. I do not know what this ultimately means. I never thought MRK would lead ever again.

 

Both ULTA and CTRX went below 50 day with ULTA getting back to it. That’s the best that is going on in growth land right now. We can only hope this is not the market going defensive before the dump but the start of something…but until the growth names kick out, we sit.

 

The most important news…Jeremy Lin going to the Rockets and not the Knicks…