Some positives I’m seeing right now
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.
Email: Gary, why are you so darn negative in all your
reports? Isn’t there anything good going on in this world? Is there anything you
could say positive about the market?
Answer: Say what! I am one of the biggest optimists. If I had friends, they
would tell you so. First off, I constantly talk about what’s working in the
market…so just to make you happy, here are all the positives.
I believe it is a positive that OIL PRICES appear to be tapped out and topped
out here. Nothing bad happens if OIL PRICES come down.
I actually believe it is a positive that OIL STOCKS are rolling over confirming
the move in OIL.
I believe it is a positive that the long end of the BOND MARKET is acting
perfectly. Descending rates is a good thing.
I believe it is a positive that most major indices are acting just fine since
the August 15th follow through day. In fact, many are sitting in quality
handles. A break above the following levels is nothing but positive and will
lead to another leg up… Dow 11,393…S&P 1302…NASDAQ 2168…NDX 1584…SOX
453.
I believe it is a positive that we are seeing good action out of TECH/SEMI land.
It is not very often TECH leads and the market dumps. As I said in yesterday’s
report, I am watching this like a hawk.
You see…plenty of positives. As I said after the August 15th follow through
day, I just need to see more and more evidence. We are getting some right now.
Hopefully, it continues.
Not one negative comment. Told you I could do it.