September 5, 2006
Gary Kaltbaum
Just a few short notes because I want to be quiet until I see what happens the next few days following the holiday.
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August 30, 2006
Gary Kaltbaum
I stated that I was seeing many tops in the OIL complex and that the OIH looked like a "big giant top."
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August 29, 2006
Gary Kaltbaum
A break above the following levels is nothing but positive and will lead to another leg up...
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August 28, 2006
Gary Kaltbaum
Ladies and gentlemen, there is not a level playing field in corporate America.
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August 24, 2006
Gary Kaltbaum
The underneath the surface action is now very worrisome again...
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August 21, 2006
Gary Kaltbaum
We believe that things are getting very overbought...
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August 17, 2006
Gary Kaltbaum
As I have told you for years, the NASDAQ-types lead the market up and down
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August 16, 2006
Gary Kaltbaum
Before Tuesday's action, the market experienced four negative reversal days...
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August 10, 2006
Gary Kaltbaum
You can't hide bull markets and you cant hide bear markets
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August 9, 2006
Gary Kaltbaum
Friday's reversal and Tuesday's action off the Fed is a cause for concern.
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August 4, 2006
Gary Kaltbaum
As I write this, the market is gapping up on a worsening economic outlook.
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August 2, 2006
Gary Kaltbaum
We told you someone is going to jail.
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July 26, 2006
Gary Kaltbaum
I have no idea how far this bounce/rally lasts or how far it goes
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July 24, 2006
Gary Kaltbaum
I am "feeling" lots of bearishness out there.
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July 21, 2006
Gary Kaltbaum
The market is the greatest forecasting mechanism and right now, this market is screaming a major slowdown
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July 20, 2006
Gary Kaltbaum
The number 1 rule of bear markets: Rallies are sharp and noisy.
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July 17, 2006
Gary Kaltbaum
The last time the markets were this stretched to the downside was when markets started their last bounce on June 14th
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July 14, 2006
Gary Kaltbaum
The rest of the market is now playing catch-up to the weakest areas.
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July 13, 2006
Gary Kaltbaum
You may call the recent action whatever you want. But here are some facts.
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July 10, 2006
Gary Kaltbaum
Many of the strongest stocks in the market came under heavy volume distribution on Friday.
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June 30, 2006
Gary Kaltbaum
I will now need to see leading stocks breaking out on heavy volume off of sound bases.
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June 28, 2006
Gary Kaltbaum
I would love to give you some light at the end of the tunnel for the "markets" but right now...nothing doing.
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June 26, 2006
Gary Kaltbaum
Out of the 200 groups I follow, I cannot fill both hands with groups in good technical shape.
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June 22, 2006
Gary Kaltbaum
Recently, we said we expected a bear market rally of some sort.
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June 19, 2006
Gary Kaltbaum
In our last report, we stated that we expected a bear market rally...
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June 15, 2006
Gary Kaltbaum
The last of the leadership in names are now going by the wayside.
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June 12, 2006
Gary Kaltbaum
Was that the climactic reversal that ended the bear phase?
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June 8, 2006
Gary Kaltbaum
On top of the BIG BANKS, there are a few other areas we like at this time.
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June 5, 2006
Gary Kaltbaum
We are less thrilled than most with this market.
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June 5, 2006
Gary Kaltbaum
There is nothing good to say about Monday's action if you are a bull.
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May 30, 2006
Gary Kaltbaum
We would like to give the recent bounce the benefit of the doubt but believe this latest bounce is nothing to write home about.
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May 24, 2006
Gary Kaltbaum
Since 5/11, we have been very bearish and see no reason to alter our thinking just yet.
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May 22, 2006
Gary Kaltbaum
Short-term, it does not take a rocket scientist to recognize how stretched and extended this market is to the downside.
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May 18, 2006
Gary Kaltbaum
The bear phase, the bear market, the bad market...whatever you want to call it...is now gaining teeth.
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May 16, 2006
Gary Kaltbaum
GOLD dropped over $27 on Monday. GOLD STOCKS were smoked along with the metal.
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May 15, 2006
Gary Kaltbaum
Let's start with what we have told you were the weakest areas and that's the NASDAQ and NASDAQ 100.
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May 12, 2006
Gary Kaltbaum
We suspect there is risk here.
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May 8, 2006
Gary Kaltbaum
May 4, 2006
Gary Kaltbaum
Have you noticed how noisy the OIL business has become.?
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May 2, 2006
Gary Kaltbaum
Tonight, I am writing a letter to the FED. It is bad enough they decided to not announce M3 anymore
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May 1, 2006
Gary Kaltbaum
We do not know what effect it will eventually have but we have our ideas.
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April 27, 2006
Gary Kaltbaum
Off my recent rant on government and oil prices, I received a record number of emails.
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April 25, 2006
Gary Kaltbaum
A number of commodities markets and their stocks look set to pullback.
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April 19, 2006
Gary Kaltbaum
Since October, every time the FED talked the market reacted positively.
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April 17, 2006
Gary Kaltbaum
We continue to be very bearish on BONDS.
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April 10, 2006
Gary Kaltbaum
We understand that rates are still low on a relative basis...but we are watching the direction closely
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April 5, 2006
Gary Kaltbaum
Major indices remain above all moving averages and have shown no ability to correct.
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March 29, 2006
Gary Kaltbaum
...keep in mind that this is not a "throw a dart" market right now.
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March 22, 2006
Gary Kaltbaum
Shorter-term, expect at least some more downside just based on the fact...
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March 15, 2006
Gary Kaltbaum
I am somewhat amazed that the market has taken so many body blows in individual names like...
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March 8, 2006
Gary Kaltbaum
The first thing I want to say is to pay no attention to what the DOW did on Tuesday...
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March 6, 2006
Gary Kaltbaum
Potential short-term negatives aside, there are still plenty of positives...
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March 2, 2006
Gary Kaltbaum
We are starting to see compelling action in a few stronger names that we wanted you to know about...
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March 1, 2006
Gary Kaltbaum
The good news: despite the ugly Tuesday, most other sectors are just in pullback mode.
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February 23, 2006
Gary Kaltbaum
All the names we have been mentioning in the DOW...continue to roll.
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February 15, 2006
Gary Kaltbaum
The DOW followed our script to a tee
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February 13, 2006
Gary Kaltbaum
Just another amazing week!
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February 8, 2006
Gary Kaltbaum
Let me be clear, if the market loses the Semis, party over.
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February 6, 2006
Gary Kaltbaum
GOOGLE stock can go down!
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January 31, 2006
Gary Kaltbaum
The only thing I want to say today is that lots of stuff is stretched and extended.
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January 26, 2006
Gary Kaltbaum
Normally, I have strong convictions about things...
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January 23, 2006
Gary Kaltbaum
After Friday's action, it will be important that the market put up a stand.
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January 18, 2006
Gary Kaltbaum
In my last report, I told you that things were very stretched...
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January 13, 2006
Gary Kaltbaum
You don't need me to tell you what has happened since the beginning of the year...
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January 9, 2006
Gary Kaltbaum
After scanning the market, I am cleaning the slate.
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January 4, 2006
Gary Kaltbaum
The most important occurrence from yesterday is that the market put a big line in the sand..
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January 3, 2006
Gary Kaltbaum
I am not the biggest believer in cycles but when everything else is aligning, it is something that must be watched.
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December 30, 2005
Gary Kaltbaum
As we end 05 and enter 06, there are a few things I want to point out...
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December 28, 2005
Gary Kaltbaum
I was hoping there would be nothing to write about for the rest of the week. but Tuesday's action warrants a missive.
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December 27, 2005
Gary Kaltbaum
...nothing bad happens unless these levels are first taken out...S&P 1249...DOW 10,729...NASDAQ 2230
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December 19, 2005
Gary Kaltbaum
December 15, 2005
Gary Kaltbaum
Far be it for me to start worrying but I am seeing a couple of subtle changes I want you to know about.
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December 12, 2005
Gary Kaltbaum
About the only negatives are the lack of new highs vs. the move in the market and the lack of new high in the Advance/decline figures.
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December 5, 2005
Gary Kaltbaum
The bullish noises are getting as loud as they can get.
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November 28, 2005
Gary Kaltbaum
I would continue to play the high volume breakouts and the low volume pullbacks as they occur...
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November 21, 2005
Gary Kaltbaum
Underneath the surface of this big-cap move, fewer and fewer names are participating
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November 14, 2005
Gary Kaltbaum
The charts of the major indices look fine right now.
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November 10, 2005
Gary Kaltbaum
Nothing to get twisted over but I am now starting to think a pullback could be at hand.
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November 7, 2005
Gary Kaltbaum
Technically, there are a few things I like...
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November 3, 2005
Gary Kaltbaum
The recent follow-through is alive. In fact, the move up is starting to get some teeth.
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October 31, 2005
Gary Kaltbaum
There is just no way of making more than a short-term call as the action in this market has been amazing.
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October 27, 2005
Gary Kaltbaum
Only one week removed from last week's follow-through day and I am already not liking what I am seeing.
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October 24, 2005
Gary Kaltbaum
October 21, 2005
Gary Kaltbaum
With Thursday's action, I think it important to look underneath the hood.
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October 20, 2005
Gary Kaltbaum
Wednesday's action qualifies as a follow-through day on the fifth day off the recent low.
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October 19, 2005
Gary Kaltbaum
Unless we see a monstrous high volume reversal day to the upside, stay clear.
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October 17, 2005
Gary Kaltbaum
The tone and duration of any bounce that will tell me what to do next.
Watch these charts:
DJX |
COMP |
SOX
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October 14, 2005
Gary Kaltbaum
I think a bounce is in order because
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October 12, 2005
Gary Kaltbaum
Despite oversold and extended conditions to the downside, this market cannot find a friend.
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October 10, 2005
Gary Kaltbaum
Whether a bounce occurs or not, it is negative that fewer and fewer stocks are working.
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October 7, 2005
Gary Kaltbaum
If you think I have any idea about what happened in the last half hour yesterday, you are being too kind.
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October 6, 2005
Gary Kaltbaum
Fewer and fewer stocks are carrying the market. Even if the major indices go higher, this type of negative divergence is classic late stage action.
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October 5, 2005
Gary Kaltbaum
I suspect that the momentum crowd may run for the hills.
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October 3, 2005
Gary Kaltbaum
Nothing has changed in the many areas that I have told you to avoid.
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September 28, 2005
Gary Kaltbaum
Since I have been harping on what is wrong in the market, today I am going to tell you what is working,
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September 26, 2005
Gary Kaltbaum
Even if the major indices move to new highs...this market is classic late-stage action. Stay on your toes.
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September 22, 2005
Gary Kaltbaum
This is no time to be a hero as most stocks and sectors have turned down. The only groups that I would continue to overweight are
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September 21, 2005
Gary Kaltbaum
I noticed you raised rates again yesterday. In your missive, you stated that the economy was in good shape
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September 19, 2005
Gary Kaltbaum
If I had a dollar for every person asking me about Friday's volume, I would be in Monaco right now.
Gary is watching:
TOL |
HOV |
BAC |
STI |
BRCM |
TXN (more)
September 14, 2005
Gary Kaltbaum
The "markets" were sitting on the goal line...but were sacked as they tried to break through recent resistance levels
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September 12, 2005
Gary Kaltbaum
Technically, the market is setting up very well here for another leg up. BUT...a breakout does not occur until
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September 6, 2005
Gary Kaltbaum
The "market" continues to stay in a tight range. There are many that say the market is ready to tank...
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September 1, 2005
Gary Kaltbaum
On Wednesday morning, you could cut the negativity with a knife.
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August 29, 2005
Gary Kaltbaum
Before we get into talking about the markets, we wanted to talk a little GREENSPAN today.
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August 25, 2005
Gary Kaltbaum
The weak and laggard DOW broke 10,500 and is headed for its first line of defense...
Gary is watching:
C,
DD,
MMM (more)
August 23, 2005
Gary Kaltbaum
Everyone I speak to is worried about the "dreaded" month of September.
Watch These Charts:
SPX |
DJX |
COMP |
SOX (more)
August 19, 2005
Gary Kaltbaum
"U couldn't find a bull sector if U had a shovel + quart of BBQ sauce!!!"
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August 17, 2005
Gary Kaltbaum
RETAILERS have topped as a whole and should be avoided. Do not underestimate their importance as they have been a leading group
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August 15, 2005
Gary Kaltbaum
Here's why you need to watch the bond market and these mega cap stocks...
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August 11, 2005
Gary Kaltbaum
Pundits blame OIL PRICES at $65 for yesterday's reversal. What's the difference between $64 and $65?
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August 9, 2005
Gary Kaltbaum
I would keep my eye on these areas as they will tell you what the market has in store
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August 4, 2005
Gary Kaltbaum
Many leading retail stocks look to be topping out today on their respective July numbers. I believe this could be important.
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August 2, 2005
Gary Kaltbaum
July 26, 2005
Gary Kaltbaum
We believe the markets are starting to act
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July 18, 2005
Gary Kaltbaum
EARNINGS come out in droves in the next 2 weeks
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July 15, 2005
Gary Kaltbaum
Whether they pull back is another story.
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July 12, 2005
Gary Kaltbaum
This market has been very tough to play.
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July 5, 2005
Gary Kaltbaum
There are times where we can be enthusiastically bullish and times where we
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June 28, 2005
Gary Kaltbaum
After acting well for weeks, Thursday's action changed the complexion of the
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June 24, 2005
Gary Kaltbaum
CYCLICALS, BASIC MATERIALS and the like, after trying to bottom, have now gagged again and are acting horrid.
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June 20, 2005
Gary Kaltbaum
It is important you recognize that the sentiment environment is less than thrilling.
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June 14, 2005
Gary Kaltbaum
Sentiment is turning too bullish...which is potentially bearish.
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June 7, 2005
Gary Kaltbaum
All we have seen so far is a pause...and for the bulls, that's a good thing.
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May 31, 2005
Gary Kaltbaum
Any pullback on lighter volume would be buyable
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May 27, 2005
Gary Kaltbaum
We'll get back into the market next week, but right now
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May 24, 2005
Gary Kaltbaum
Major indices are now back above their short and long-term moving averages.
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May 19, 2005
Gary Kaltbaum
...it is NOW becoming evident the market is trying to
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May 18, 2005
Gary Kaltbaum
There is nothing wrong with what we are seeing in the past couple of days as the market
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May 16, 2005
Gary Kaltbaum
With the potential for an outperforming NASDAQ, we wanted to throw out a potential scenario for you
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May 13, 2005
Gary Kaltbaum
Do not play games in these areas.
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May 11, 2005
Gary Kaltbaum
Tuesday was a distribution day for the market.
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May 10, 2005
Gary Kaltbaum
Overall, there is still plenty of damage to repair and the tape remains incredibly split.
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May 5, 2005
Gary Kaltbaum
"Short term calls are the trickiest of them all...
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May 2, 2005
Gary Kaltbaum
WOW! That's all there is to say about the day-to-day volatility
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April 28, 2005
Gary Kaltbaum
We are all NOW hearing that the economy is slowing.
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April 25, 2005
Gary Kaltbaum
Bear market rallies are sharp. They are quick. They get people talking about them
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April 21, 2005
Gary Kaltbaum
All major indices are below their short-term and long-term moving averages.
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April 18, 2005
Gary Kaltbaum
Ladies and gentleman, what we are seeing is bear market action for stocks.
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April 15, 2005
Gary Kaltbaum
Out of the 200 sectors I follow, I can count on one hand the ones that are turning up.
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April 13, 2005
Gary Kaltbaum
The FED became inflation hawks today...simple as that.
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April 11, 2005
Gary Kaltbaum
OILS continue to consolidate. Be careful about buying OIL stocks here. T
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April 7, 2005
Gary Kaltbaum
I am starting to see some subtle negative action in the
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April 5, 2005
Gary Kaltbaum
All in all, I do believe a corrective bounce is close at hand.
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