kaltbaum weekend

First leaders and then notes:

 

AMGN-Actually taking off this list. Look at Friday’s action.

AAPL- A little higher after big iphone 5 introduction.

AMZN- Continues to move higher on product announcements.

ALXN- Edging into new highs on no volume.

BIIB- Breaks out of flat base with some volume…and now trying to extend it.

CRUS-Very strong and extended…lots of insider selling showing up. Starting to trade sloppy.

EQIX- Distribution up here off of REIT announcement..

EXPE- Bounced off 50 day but not a lot of juice here.

EBAY- Another new high…no base.

GOOG- Pulled in…right back up…needs rest.

HD- Moves out again.

HAIN- Failed short stroke pattern as defensive issues sold.

KORS- Sitting and waiting for secondary.

MLNX- Almost off this list.

PETM– Off list…lagging and breaks 50 day.Another sitting very tight..

ROST– Off list until it reasserts.

SHW- No issues…no entry..

SWI- Moved out of tight pattern.

TJX- Just sitting here.

UA- Edges into new high.

V- Breaks to new highs.

WFM- Moves into new highs…pulls in.

 

There was no way I was doing a lot of adding last week. Simple reasoning…if the fed did nothing, I am sure the dow would have dropped a few hundred…and I am not kidding. The fed built up the market to expect something…and they gave it…and gave it big…but we get back to technicals.

 

Short term, market is sooooooo due to sit/pull back/correct. The BIG NEWS is out…there are no earnings coming out…so thinking we can moderate…but the technicals are such that unless I say otherwise, any pullback will be controlled and rotational.

 

If you bought market proxy, definitely keep…holdings in this service are acting fine and hoping KORS gets its secondary done sooner rather than later. I think the stock would be much higher if not for another secondary.

 

The recent move was everything to do with printing of money…everything commodity,financials and housing-related. I have a hundred names once they sit them a bit. For example…a SCCO looks great if it pulls in a wee bit. It just looks like dollar is oversold and euro is overbought thus my thoughts on the commods.

 

 

Just going to add HFC to buy in here or on any pullback into 41…one of the best oil charts out there. Lets hope for some pulling in to clean up some of the recent nonsense.