Drown Out the Noise, and Pay Attention to the Market
Gary Kaltbaum
is an investment advisor with over 18 years experience, and a Fox News Channel
Business Contributor. Gary is the author of
The Investors Edge. Mr. Kaltbaum is also the
host of the nationally syndicated radio show “Investors Edge” on over 50 radio
stations. Gary is also editor and publisher of “Gary Kaltbaum’s Trendwatch”…a
weekly and monthly technical analysis research report for the institutional
investor. If you would like a free trial to Gary’s Daily Market Alerts
click here
or call 888.484.8220 ext. 1.
FOX BUSINESS NETWORK OCTOBER 15TH
As one of the more psychotic Mets’ fans, it has been a very rough weekend. I
realized how bad I was when my youngest walked into my office to ask me if I was
ok and why I was yelling at the tv when the tv could not hear me. He also wanted
to know why my baseball cap was on backwards and why I had to sit in the same
position the whole game. Stop laughing. You all do the same. This was a great
lesson to learn from a team who thought they didn’t have to actually play the
games to get into the playoffs. My baseball season is now over.
Hillary Clinton is now proposing “TO GIVE” $5,000 to every child at birth. I
am sorry…why is this person a candidate.? And does this mean SHE is going to
write a check? Nope…I have news for you…YOU are going to write the check.
Economically, this is one dangerous candidate.
Last time I told you to pay less attention to what the DOW does and more
attention what is underneath the hood. I take that back as both the DOW and S&P
are now moving out of decent cup and handle patterns. This is occurring while
Citigroup lowers the boom on its numbers…UBS has a measly $3.4 billion write
off…and almost every economic number is soft. This goes to show you that it is
of the utmost importance to recognize what kind of market you are in. When
markets were heading south, this type of news would send the market into a
tailspin…instead, markets ramp. Many are scratching their head over this.
Don’t scratch your head. Drown out the noise and just pay attention to the
market. On August 29th, the market experienced a tepid follow through day. It
could be understood that one would be skeptical of that day. But Fed day…9/18
put the exclamation point on things. That’s the day I got off the butt and
started buying into leading stocks and leading groups. So far…so good. As long
as we continue to see a lack of distribution and a slew of leadership, I will
continue to play.
I would continue to concentrate in the same areas previously mentioned in
this report… OILS, COMMODITIES, SHIPPERS, FERTILIZERS, CHINA, INTERNET,
GAMING, GOLD/SILVER and SOLARS. There also continues to be a slew of growth
names previously mentioned in these columns. Continue to overweight large cap as
small and mid-cap are just being towed right now.
Countries continuing to lead are CHINA, HONG KONG, BRAZIL and INDIA.
Gary Kaltbaum