kaltbaum premarket

Amazingly, with today’s gap to the upside, major indices are back into the day after the election…when markets really turned down. We got a reversal on Nov 16 and haven’t looked back as they rammed this thing in a shortened Thanksgiving week and continuing into month-end and another gap into the new month. I stopped asking why. This morning, the excuse for the gap was that European economic numbers WERE WORSE than expected…thus expect more money printing…thus expect higher prices. Europe up strong so we follow.

 

On top of that, AAPL leading NASDAQ on the leash with AAPL now back into the 200 day with analysts falling over themselves trying to get the stock back up.

 

Letting today pass…and hoping we get some pulling in to get charts looking more reasonable…v-shaped charts do not thrill me.