4 changes you should know about
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
syndicated radio show “Investor’s Edge” on over 50 radio stations. If you
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Far be it for me to start worrying
but I
am seeing a couple of subtle changes I want you to know about.
First off, the DOW and the S&P have been rallying in the past few days…but
the NASDAQ has completely stalled. Maybe this is nothing but in the past, it
usually marked a near-term top.
Secondly, the DOW and the S&P have been rallying but small and mid-caps have
been lagging.
Thirdly, my NEW HIGH figures as well as my advance/decline figures continue to
lag woefully. This indicates that the market has gone big-cap. I am not so
sure this can last.
Fourthly, the market has already used a lot of energy since the October 19
follow-through day…and on top of that, we have hardly experienced any
selling in a meaningful fashion.
Lastly, it just feels like everyone is a little too comfy with this market
only a few short weeks from when everyone was sweating.
Maybe…possibly…could be…we have seen the best of the year-end rally.
Maybe! 11 trading days left in the year and have to believe the big money
crowd will do everything to keep things going. I just wanted to point out some
subtle things I am seeing. Maybe it is just me!
Gary Kaltbaum