kaltbaum weekend report

The service owns AMZN,HFC,KORS,TSCO as well as market proxies right now.

 

KORS was a big help Friday. Service owns at $49. KORS raised numbers before secondary which will be priced after close Monday. I would not add here. I am not sure of the late print Friday as a few stocks went nuts in final minutes.

 

I may look to add to TSCO….and I see AMZN may be popped so may tell you in the morning to sell half.

 

Give a little less weight on the volume moves Friday as there was quadruple witching but also S&P rebalancing.

 

 

I am a little leery here. It just feels like things are tired. Market is overdue to wipe smiles off faces. On top of that, have to watch Transports as they are breaking down…along with a few SEMIS. I would also add that financials may be tired also in here. Nothing new tonight but am watching EQIX as well as MLNX as it recovers.

 

Here is the growth leader’s list.

 

AAPL- A little higher after big iphone 5 introduction.

AMZN- May start pullback here..

ALXN- Edging into new highs on no volume.

BIIB- Breaks out of flat base with some volume…fine in here.

CRUS-Pulling in…affected by AAPL.

EQIX- May be setting up again.

EXPE- Trying to break out here off upgrade.

EBAY- Extended and needs a pullback.

GOOG- New highs and extended.

HD- Strong but extended.

HAIN- Failed short stroke pattern…may take off list.

KORS- Big move Friday off raised numbers. Secondary priced Monday night.

MLNX- Held 50 day…and moving. Needs some time in here.

SWI- Sitting tight. Needs to move out again.

TJX– Comes off list for now as it breaks 50 day…joining others in group.

UA- Pulls all the way back into 50 day. Let’s see how it reacts there.

ULTA-Not much happening off recent strong gap.

V- May just need some rest here.

WFM- Edges into new highs…not a great entry.