Oil trouble
Gary Kaltbaum is an investment advisor with
over 18 years experience, and a Fox News Channel Business Contributor. Gary
is the author of
>The Investor’s Edge. Mr. Kaltbaum is also the host of the nationally
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Nothing to get
twisted over but I am now starting to think a pullback could be at hand.
It is not anything I am seeing but more of what I am feeling. I do
believe at this point that any pullback will be controlled and rotational
but I think it important to know what to hang with and what to avoid.
This may be a good thing at the pump but a bad thing for the stocks. All the
wide and loose action we have been seeing reminds me of a pending top in OIL
STOCKS. I would continue to stay away from any new longs in this area. It is
overowned and overloved…and that’s where risk picks up.
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put a kibbosh on the attempted rally in HOUSING. At the very least, the
sector is going to have to  regroup before moving higher. The CEO of TOLL
BROTHERS is the gentleman who went on bubblevision saying he was going to
bury the shorts…just a few weeks before he sold millions of shares of
stock. Love this business.
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PowerRating)Â are trying to
turn…but let me be clear. It is a mixed bag at best as there are just as
many uglies as stocks trying to come up their right side.
heck out of me why. Maybe rates are going to start coming down. The group
has come straight up and does need to consolidate.
thought I would ever see RAILROADS go parabolic. Nothing bad to say…only
to say they are extended and in dire need of a pullback.
any pullback. So far…no sweat. I have yet to see any damaging distribution
in this market. I just feel the market may be running out of gas after the
recent move up.Â
Gary Kaltbaum
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