kaltbaum premarket

I will be gone rest of the day for Jewish holiday!

 

Futures down a wee bit…aapl up as they are selling a lot of phones.

 

$40 BILLION/MONTH goes a long way. The fed is basically insuring a put on the market…notwithstanding pullbacks…I think. We will let market decide no matter what.

 

I am not a big fan of buying commods but when they get into a bull market, they are worth it. They are in a recovering market right now…with a few names starting to show leadership. HFC is candidate into any pullback into $41…and would be a sell if it breaks below $40 as the breakout would have failed. I think it is worth a test probe. Better to wait for pullback into the 41-41.25 level.

 

Happy New Year to those who celebrate the Jewish New Year.