kaltbaum premarket

Sorry about last night…had rolling blackouts.

 

As soon as market closed down almost 50 yesterday, dow futures went up 50. Go figure. Einstein cant figure that crap out.

 

Not much from yesterday…but there has been some movement in down and out areas. The good news for overall market is that the energy and financial areas have turned the corner off their lows. Doesn’t mean they are going to rip to the upside…but does mean they will not be an anchor on the market. I will let you know if that changes again. I would also advise you to watch the sox. It is in an area where it has held several times in past year. I suspect and guess that it will be defended again…but if not, tells you something about how weak tech is.

 

GS gapping up a wee bit as well as CMA and KO. JBHT gapping down. There are a couple thousand more reports in next couple of weeks so pay attention.

 

I have no new plays today. Volume is a joke so nothing moving on volume. ULTA sitting on 50 day…CTRX fell a smidge below and finished on it. Snore! Wish I had more exciting things to say but it is the nature of the market right now. Patience.