kaltbaum premarket

I have been telling you foreign markets are outperforming our market…which has led to a “stuff” rally. Areas that were dead like the metals/mining,construction,coal,steel and anything in that realm…have rallied nicely. Amazingly, the German dax has been down only 1 day since Nov 16…and Asia almost the same. I wake up every morning thinking maybe Europe and Asia would have a down day but markets will have none of it. Doesn’t matter whether an area is in recession, they just keep going. Ever since we heard that europe and asia would print money, markets do not stop. And now we will have the fed do more of the same today. I expect them to say there will be money printing as far as the eyes can see.

 

I see things one way…major averages are back above the 50 day. Even the nasdaq and ndx are back above by a smidge even though AAPL holding them down. Nothing bad can happen with major averages IF they stay above the 50 day…remember the word IF. I have seen markets go above…go below…go above…go below…but it seems the markets are gaining more juice by the day led by the foreign markets.

 

Growth hasnt happened yet…but last year…markets started moving in Nov-Dec but growth did not show up until January. You cannot hide moves…and the service will be on them.

 

I have mentioned a few non-growth breakouts…and will keep mentioning for your review. Now waiting on the maniacal fed.