kaltbaum midday

So far…today is the opposite of Friday…which was the opposite of Thursday which was the opposite of Oct 23. Very simply, there are bets being made on the election of risk on or risk off. Risk on means all the commods and stuff get going…risk off is the opposite. Just notice what Gold, oil and all that stuff did today….and you will understand how the market is thinking…

 

The bet today is Obama wins. Yes…I said Obama…and that’s because with Obama you continue to get massive money printing and massive deficits which markets like…yes, markets like them. The question is…who wins today. Well…we will know tonight.

 

 

 

Here is the service’s tactics.

 

Today’s action gives the market proxies leeway so I think you keep. Of course, market can gap down tomorrow but it wont be much if it does. BAC can be kept as financials held and it is acting well. KORS is down because of FOSL today…but looks fine.

 

GROWTH STILL SUCKS. Hardly moving at all today with some names actually down. AAPL is red today…which is amazing to compare to its norm when it is working.

 

Unless market really comes in before close, I will not write again until we know who the next Prez is.