kaltbaum email

The service may start probing some commodity names…but after 3 days up, need a pullback first. Seeing a lot of names turning corner like RIO,BHP…and a couple that may lead like a SCCO. Right now, just continue to see better r/s in these areas as well as foreign markets.

 

The problem I am having is that growth aint really happening here…except for the KORS move yesterday, no bases to buy off of. The market is moving on the financials, industrials and commodities right now.

 

So we will adjust if these rotations continue. Would rather play growth…but it is what it is.

 

I will have more in the morning.