Just A Couple Of Notes
Due to the major gap to the upside this morning, I
am holding back my Monday report until Tuesday…so just a couple of notes.
I am not buying into the opening gap. First off,
the Nasdaq has been acting toppy. In fact, there has been a negative
divergence between the Nasdaq and the NYSE in the past couple of weeks. I also
believe in never jumping in with the crowd. I am not saying the market
reverses the opening but this type of emotional strong opening has the chance
to reverse.
Lastly, my hats off to our military for a job well
done. Whether you are for the war or not, these men and women in uniform risk
their lives every day. They have now freed millions of Iraqi people from a
slithering, slimy murdering despot.
Gary Kaltbaum