KALTBAUM EMAIL

There was a reason I have hardly put out anything recently. Growthland has been bare…with many names rolling over…and some names downright blowing up. On top of that, just take a look at the NASDAQ. The nasdaq leads up and down. I am a big believer in that.

 

Well…the nasdaq once again leads…and it is down.

 

The only trade the service mentioned was a probe of the breakout in KORS. Like most, it is pulling in from that attempt and most everything heads lower as the market influences everything. For the probe position, for a trading service, the 21 day moving average is at $54…with the 50 day at $53…so you have two areas you can decide to stop out at. A break below $53 would be of much more import.

 

You should own nothing else at this time.

 

Will have a leaders report over the weekend…actually will call it LACK OF LEADERS REPORT.