kaltbaum email weekend
Leading growth names…
AAPL- Under distribution and just under 50 day.
AMZN- Back up near highs…no issues.
ALXN- Only problem is that it is very extended.
BIIB- Holds 50 day despite downgrade.
EQIX- Still no issues at all…sitting on 21 day.
EXPE- Tried new highs but pulled in Friday.
EBAY- No issues.
GOOG- Very strong and very extended.
HD- Ridiculously strong but extended…just continues up.
KORS- Secondary still being worked off…forming base.
MA- Added to this list as it broke out on Thursday.
N- Also no issues.
SHW- No issues…no entry…THEY SELL PAINT!
SWI- Held 50 day but not thrilled.
UA- Not liking action and almost off this list.
ULTA- Forming handle on the weekly.
V- Broke out of short base on Monday.
WFM- Into new highs but no entry here.
TSCO broke out again so you could have added. The stock is up 10% from first buy point of 7 weeks ago.
EL just broke out and is working.
KORS still up almost 10% from buy point but that freakin secondary has held it back.
AMZN still up nicely from buy point…and acting fine.
AAPL…which was not put on the service but told you if you bought off 50 day, just sell breaking it…which it did…so no blood.
I dont have much to say about market as the Fed prints $40 billion/month to keep a floor under the market. But there is very little in the way of playable stuff. I must admit service should have played MA…and should have been mentioned.
We are watching ULTA,LULU and WFM here but no entries right now…so be patient as we head into earnings season. On the short side…yes on the short side, looking at names like CAT,BRCM,BBBY,PX,POT,PCLN,RHT.