kaltbaum weekend report

I don’t know why market reacted badly to the Republican non-vote on the fiscal stiff. It was never going to pass anyhow. The market is just plain screwed up as it is become a rigged and manipulated game by the fed and an interfered with market because of all the news-driven nonsense out of the assclowns in Washington. They are that bad.

 

Tomorrow is half day. While the market was hit Friday, looks like the market defended itself a little bit…but again, looks like nothing will be done by new year….and frankly…I have no idea how much effect this will have. Hopefully, not much more. I did like that the financials seem to be in not much trouble here as their opening gap to the downside was bought…but again…tomorrow is another day.

 

Here is the leader’s list…notice a few names now sitting on the 50 day. In a good market…I would tell you to probe a couple names off the 50 day if they start to move…but not doing a thing tomorrow…but may come back Wednesday with a play or two. There will probably not be a premarket tomorrow as it is 5 hours earlier here…but if there is a big move on futures either way, will try and send something.

 

AMZN- Hanging above pivot despite market weakness.

AMGN- Back sitting on 50 day.

CRM- Acts fine and sitting tight up here.

EXPE- Sitting just above 50 day in a tight base.

EBAY-Sitting tight past 4 weeks above pivot.

HD- Finally taking off list…living below 50 day.

MA– Acts fine…no issues yet.

REGN- Back towards 50 day as biotechs weaken a bit.

RAX- Breakout holds fine so far.

SHW- Now sitting tightly on the 50 day. Tight base.

V- No issues…just extended.