kaltbaum midday

I will have a lot more to say tonight…

 

at 1245 pm, markets pulling in just a wee bit from the early morning frenzy. That’s ok…as they came straight up from Monday and today off of news-driven stuff.

 

There is no way I am jumping on this today. Markets are just back into resistance.

 

As of this second, a lot of names have tails today…nothing real bad but take a look at CRM or AMZN for starters.

 

The good news is that there has been a big pick-up in new highs and that means a ton of potential plays will show up.

 

Best strength remains the FXI,EEM…FOREIGN MARKETS, METALS/MINING, FINANCIALS, INDUSTRIAL TYPES.

 

Real weakness remains in RETAIL…RETAIL actually being sold badly today…very surprising on a day like today though we noted here the recent woeful action. Take a gander at ANN,AEO,COH,DKS,FL,GNC,

GPS,JWN,KORS,KSS,LTD,M,SHLD,TGT,UA,VFC….that’s some ugly retail.