kaltbaum premarket

For the bulls, you would rather see a pullback here so markets put in some sort of handle…to make higher prices off of. For the bears…there are several hundred stocks that are now bouncing up into and towards resistance and/or moving averages…all to potentially short into. Since volume was light yesterday. Since we are not on a follow through day, will most likely look at the latter.

 

Just remember…potential major market tops take time. They drop…rally up…drop…rally up…and then yonk!

Except for the S&P and MIDCAPS, everything below the 200 day.

 

In answer to your questions on AAPL…if you didn’t buy on the reversal day or early yesterday, you are back in no man’s land.