kaltbaum premarket

Nothing to do here…market gapping down big here…not even sure why. The market gets a chance to defend itself with this gap to the downside. Will be watching to see if it can reverse. If not, expect IBD to go MARKET IN CORRECTION. But that really doesn’t matter as more and more names breaking support/moving averages. I do not trust short side as the Fed still lurks and dont want to walk into a big gap to the upside one day. But if this cracks for sure, we will go short. Just remember, thousands of reports next week.

 

Lastly, it is uncanny how market continues to trace out last summer.