kaltbaum premarket

Futures up a smidge…somewhat quiet. Recent ipos FIVE and PANW gapping down on numbers.

 

Only thing to do here is to sell the ROST…did break the 50 with some volume. If it reverses,we can always get back in. I have been worried that this move in discounters is long in the tooth. Have to watch TJX also.

 

MLNX tested 50 day yesterday and so far held. Not thrilled with the violent move down so not touching yet…but will get to see if this gets defended.