kaltbaum premarket

CHANGING THINGS UP HERE.

 

Forget MON from last night. Futures are down decently. For me, it is pretty simple. Markets have had no pullbacks off of a sea of monetary easing by Europe, Bernanke, Japan and China. This has caused the dollar so swoon and Euro to soar…pushing up assets. But nothing goes straight up…and looks like A SHORT-TERM TOP could be put in place here. A SHORT-TERM TOP means just that…for this second. If it turns into something else, we will deal with it.

 

So…no new adds…and remember, stiff stops on anything recently bought…which means a break below $40 on HFC…and if EL tucks its head in, I will let you know on that one also.

 

Do not turn all bearish. Markets have to correct…and we may get a little here. Of course, you know my big worry is that all these moves are on the back of maniacal central banks.

 

Again…no new longs for this second. I suspect if the Euro weakens, markets come in to a certain extent. This is not a bad thing.