JUST LETTING YOU KNOW Gold Every time Gold has an up day, I get tons of emails asking: “Should I buy it now?” I received two phone calls in my office today from listeners to my radio show. “What do you think about Gold here?” And one of them got mad at me when I [...]
Archive for the 'Resistance' Category
01/10/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
THE BREAKOUT
This past weekend, I wrote to you that the market was set up in a bullish pattern…and all the market would need to do is to go topside. That move looks to be occurring. Keep in mind, there is no rule that says a breakout to new highs won’t fail. It is just important to [...]
08/21/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW Today, the market broke above resistance and then turned right back down. The market’s okay. Probably a little overbought, and ahead of itself. Probably going to pull back some more. And we’ll see how it goes. Remember that September is not usually a thrilling month, but I don’t think the technical [...]
06/12/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW We’ve been telling you very simplistically that the market’s in corrective mode. We think last week’s low will hold for now. After yesterday’s action, I said “I think last week’s low is still going to hold, but I’m not so sure after yesterday’s action. Well, I’m pretty sure today that last [...]
02/16/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… Apple Yesterday, I told you there was a chance that in the near term, Apple had some climatic action. Today, Apple was down at one time about 12 bucks…and finished up 4. So I received emails asking me if the reversal to the upside today negate the reversal to the downside [...]
1250-1280 S&P MAY BE A WALL
Take away all the noise. Take away the resignations in Europe. Take away the TARP. Take away the printing of money. Take everything away. The most important thing I am seeing right now is a potential wall being built at the 1250-1280 S&P area. Take a look at the vicious selling on 10/31 and 11/1 [...]
ALREADY CHURNING NEAR RESISTANCE
Just a short note to let you know markets are already churning as they move into resistance. Somewhat normal…but this remains a very tough environment as the moves are sudden in a very news-driven environment. Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. [...]
TRENDLINES AND SUPPORT HOLD YESTERDAY
There are times I am bullish. There are times I am bearish. There are times where I think markets are in no man’s land just being moved around by the news du jour. I think we are in one of those times. I think we could go higher here as the lower end of the [...]
VERY STRONG GROWTH ACTION THIS MORNING
It is early but so far, today is the first time I have seen strong growth stock action in weeks…and it came right at an important juncture. As you know, I thought many weeks ago that the market was going to correct. So far, it has been nominal measured by the indices, almost 10%. The near-term good [...]
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