Gary Kaltbaum is an investment adviser with over 25 years experience, and is 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.
Futures just popped on a “supposed” better-than-expected job’s report…but have backed off markedly. Europe has bounced nicely off this morning’s lows also. Just keep in mind that a bounce/rally will occur at any time because the DOW just dropped almost 1400 points in 10 trading days. It would be normal to bounce up a few hundred points as you can cut the bearishness with a knife while markets are extended from the norm about as far as I have seen since 08. This doesn’t mean it has to. I am just saying that’s how things work normally.
Markets are going to be wicked. Markets are going to be random. I will wait until they calm down…hopefully after a bounce. I know there will be good trading opportunities on the long side as bounces are usually violent, vicious and quick. You get to pick your poison as you will be trading against the major trend.
Remember, bear markets are great for us. We know how to sidestep them…and they eventually end, leading to another monstrous fat pitch on the long side.
I will be on Fox Business at 2 pm today and on Fox News Channel in the 11 am hour tomorrow with Neil Cavuto. Also…you may want to listen to my radio show from yesterday where I explain how bearish markets work. The link is here:
Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.