kaltbaum premarket

Futures back to flat after being up.

 

WFC and JPM reported…WFC down $1.20…JPM was up but now down about 50 cents…

 

There has been a bunch of short term chart breaks…where things were going smoothly and then a break over a few days.

 

THERE IS NOTHING TO DO HERE EXCEPT WAIT. We wait for things to set up again if they decide to or we wait for anemic bounces that fail…leading to short set-ups. I will have a smaller leaders list this weekend and will provide potential short set ups. DO NOT OVERTRADE as distribution remains. If the FINANCIALS get hit, then you will see S&P break 50 day/10 week also.