kaltbaum email

The bullcrap Greek elections went the way of the good…or something like that…in that the pro- Euro people won…by a slim margin. Yippee…yeah…yeah…at least I won’t have much to worry about on my Greek trip.

The market had a follow through day on Friday…this according to IBD but it was only 1.3%. In the past, a ftd had to be a high as 2%, then 1.7, then 1.5 and now 1.3 is ok. Any way, in case you did not know, according to IBD:

“Among follow-through days, the 1.3% gain in the Nasdaq is historically on the light side. Since 2000, three other follow-through days came with smaller percentage gains. Two in 2005 failed, and one in 2006 worked.Also, every follow-through day in June and July since 2000 has either failed or delivered inconclusive results. Yet, that doesn’t mean this follow-through can’t work. The June data could be chance.”

I think there was also a ftd with a smaller move that failed in April.

I do not know if this works. I do know the bazookas are out from the fed as well as the feds around the globe as they have gone to the same money printing school that bernanke teaches. I really think the market was crapping out until 3 pm Thursday when they announced the central bank’s intentions. Nevertheless, DLTR working well….my list of leaders doing well…and here is a few more.

I think you can probe AAPL if it breaks back above the 50 day…about 580ish.

UA and WFM right around here…probe position because they are a little ahead of themselves. Can add on low volume pullbacks. Should have probed favorites like expe and mnst even before any ftd as they were showing extraordinary strength.

As I write this, futures are up 75 dow points.