kaltbaum premarket

IBM,INTC,ISRG,LLTC,FTNT,APOL,SWK,CHKP,STJ,DGX,TXT all gapping down. CREE,MANH,URI gapping up…but S&P futures still up…NASDAQ futures down. Why is S&P up? The dollar getting wacked again…thus the commodity areas/foreign markets are up. I have told you in recent days that I am seeing better r/s in foreign markets for the first time in months and months…because the Euro is finally strengthening…and something we have to watch.

 

Only add is KORS…as service buys back…made 10% first time before it ran into the seconday…but it held 50 day average and got on the move off a flat base yesterday. Would use partial position to start…just in case it wants to pull in off yesterday’s move.

 

IBD still has MARKET IN CORRECTION. For me, not paying attention to that noise as the 50 day held for the dow and s&p.