kaltbaum pre market

This morning…JPMORGAN blah blah blah. Too funny to watch a couple of these ANALysts on tv saying to buy the stock. I have news for them. I just went over the numbers and the fact is…EINSTEIN couldn’t figure the numbers out. This company was one of the few financials I thought I could trust…but no more. The stock was up…came back in and then as soon as they announced that they could buy back shares but will wait, the stock went back up 2%…yippee yeah yeah.

 

Futures are up. I was told that the put buying was extreme yesterday meaning everyone jumped on the bear bandwagon…which usually turns market in the short term. So wouldn’t be surprised to get some sort of rally here…but to be clear…market is blah. There is no leadership. What was leading has either broken down, failed breakouts or tucked their head back into a base. So it is very important you have patience here.

 

I will have a leader’s report over the weekend…but be rest assured, there is not one name that is really popping right now. I am sure we can find some during earning’s season which gets going next week. If there are any big changes by the open, will send you another report.