kaltbaum email

A few things from today:

 

BIOTECH worsens as past leaders like ALXN and BIIB head deeper into the abysss.

 

Really thought market could have decent day today but the early bump again was sold. Financials held market from worsening…but not much there.

 

Construction stocks were strong because of hurricane and not sure they last.

 

NASDAQ and NDX on the 200 as AAPL sits just off 200 but AMZN now really getting ugly.

 

Really like the action in gold and silver stocks…not the metal. I may take a trade in the GDX in the morning as well as SLW and AUY…the two strongest names…just not sure if I want to do much in this environment.

 

KORS remains tight above 50 day but needs a better market to get moving out.