kaltbaum email

Byaaronmat-admin
Amazingly, growth leaders did squat today…but that’s ok because they are sitting tight. Here is the list. EBAY gapping up in AH so maybe will go back on.
 
 
AAPL- Setting up well into earnings…but 5th stage base.
ALXN- Pullback mode after breaking out…trading sloppy…but stilll strong.
BIIB- Sits tight while others pull in…blah numbers.
CERN- Holds the 50 day.
DLTR- At 50 day…not thrilled with bearish wedge just above 50 day. A break below and bye-bye. Late stage.
EQIX- held 50 day to the penny on Thursday…acting fine as it rides it up.
EXPE- Breaks 50 day…almost off this list.
MNST- Sitting on 50 day and holds over past couple of days.
PETM- Very strong…didn’t budge.
PRGO- wild action after getting extended. Needs to tighten up.
ROST- Held 50 day on numbers. Late stage group. Acting fine.
SHW- Holds 50 day to the penny Thursday and back in base. Already big move.
TRIP- Holds 50 day to the penny on Friday and bounces strong. Potential big leader.
TJX- Moving into new highs here…but have to watch group. Continues to ascend nicely.
ULTA- Reverses back above 50 day on Thursday and is holding in new base.
V- Held 50 day to the penny on Thursday and back in base after failing breakout. MA is wide and loose.
WFM- still strong…nothing to do. Pulls in quietly.
 
It is not often we see bad earnings bought…and blah earnings leading. LLY breaks out in the drugs even though earnings down 25% and sales down 5%. I do not even pretend to delve into that area…but will continue to name the names in the defensive areas. IBM gapping up in AH even though sales down 3%…go figure.
 
Today was the beaten down SOX…which held the 350 level again…off of bad numbers from INTEL. ASML is the strongest name in semis…earnings down 38% and sales down 30%. Not for me. Cloud stocks were strong off of VMW numbers but look where that stock is as well as the rest.
 
I promise you all the growth names will pop out if this continues…it is always just a matter of time. Amazingly, even after today, I have nothing to add but may do something in morning depending on open. QCOM,IBM,EBAY will help market gap up in morning.