kaltbaum midday

Choppy day. Market sucked some in on the gap. I wasnt falling for it. We will see how day finishes but if market cannot rally, today would count as a churning distribution day as the boys sold the open. The good news is things are off their lows.

My best guess is that market remains choppy and a pain in the rear. I do not think the lows of last week are taken out any time soon but thinking upside could be an issue. European markets reversed the early jamboree today as Spain gets a loan to fix a problem of too many bad loans…hahahahahaha. Spanish yields actually up today even though their banks were saved.

For the service, DLTR acting just fine. BHI bouncing around as oils went from green to very red back to a little green.

Actually seeing more shorts than longs…just a little gunshy with all the news. Look at housing like len,tol, Look where cmg cant get above…same for ma…so 50 day containing a few things.

AAPL above the 50 day again by a smidge as they are yapping today about stuff. I think it needs time. UA was up over $3.50…not cut in half as they announce 2-1 split. After that, a lot of sitting today.