PRE MARKET

ByGary Kaltbaum August 8, 2017

Good semis day yesterday. Good beta day yesterday. Semis are meaningful to our work as they lead up and lead down. You can see the SOX/SMH holding the 50 day. Now we can see if it breaks out again.

China ADRs en fuego yesterday. Many report this week. Not thrilled that they ran in front of the number.

Futures actually down this morning…the horror!

KORS, RL gapping up. Both stocks down and out beat lowered estimates. Numbers still not thrilling for either.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), a state registered investment adviser. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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