kaltbaum leaders weekend

 

AAPL– LIVING UNDER 50 DAY/10 WEEK…done for now…earnings soon.

AMZN– BREAKS 50 DAY/10 WEEK…done for now…earnings soon.

ALXN- Pulling into 50 day.

BIIB- Just under 50 day…one more down day takes it off list.

EQIX- Falls just under 50 day…almost off this list.

EXPE- Just under 50 day…almost off list.

EBAY- Gets back above 50 day but now sloppy.

GOOG- Very strong and very extended…but starting to come in.

HD- Now pulling in.

KORS- Secondary still being worked off…forming base.

MA– Just fine for now.

SWI– Breaks and comes off list.

UA– Breaks and comes off list.

ULTA- Forming handle on the weekly.

V- Just fine for now..

WFM- Starting to break 50 day here.

 

As you can see, took AAPL,AMZN,SWI and UA off this list. Frankly, there is case for a few others that are just below the 50 day but they are not dropping on their own. The market is influencing them.

 

There is not much to say and not much to like here. Market is under pressure where any decent open sells off and where more and more names are breaking trendlines or support levels. The nasdaq,ndx,russell, midcaps and other small caps are below 50 day. The dow is sitting on it. Any more deterioration and I will be calling something of more intermediate consequence and not just short term.

 

The service sold everything with pretty decent timing. It is incumbent on subscribers to be patient here and not overtrade. Would love to put out some shorts but want to make sure market is done. Names like bbby,nke,bidu,pcln,hog,a,px,tjx,pot,coh are ripe…but shorting is a pain in the a–. It is better to short into the rallies than short the drops because if you short late in a move, you will get caught in a bounce or short covering.

 

Earnings come out in a big way starting this week. We await and then will react.