kaltbaum premarket

Just going to hold back this morning even though seeing a good amount of setups. THERE IS NO VOLUME. If something starts to move, I will send you an intraday email.

 

A few notes:

 

ROST reported and actually gave lowered guidance…but only showing down 90 cents. DLTR, past leader and somewhat in the group, getting hit harder in premarket. WMT…another discounter, down about 2.55 on their numbers but WMT is extended.

 

AMAT terrible numbers.

 

CSCO…ok numbers…sales number worst in many quarters but market likes something. I think it is that CSCO is at 10x earnings. Yes…CSCO is at 10x earnings…so value play. It is gapping up a bit which is helping the QQQ.

 

PRGO…on leader’s list reported and is down almost $5…which will break it below the 50 day. If it stays below, it comes off list. We have not played the stock.

 

PETM gapping up off the 50 day…and will be watching for entry. NTAP,SINA,PLCE gapping up. SINA gapping up even though earnings down 75%. The stock is down 60% in the past year.