kaltbaum email

Market defended at near term support…go ahead and buy any market proxy except QQQ…because AAPL remains weak…so IWM,SPY, IJR and use a break of the past week’s support as your stop. I do think it is worth it…just in case market wants to get going here…and with seasonal strength, a fed printing $40 billion/month, a few percent risk underneath is worth it.

 

As far as leadership, except for some construction stocks, not a lot just yet…but if the market can get going, things will show up. KORS is the service’s only position and still has one of the best set-ups in the market.