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Charts of The Day: And There’s Many More Where This Came From…

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Charts of The Day: And There’s Many More Where This Came From…

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Charts Courtesy Of StockCharts.com
No Positions


How the hell does a deal with Iran not include the release of this U.S. Marine?

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How the hell does a deal with Iran not include the release of this U.S. Marine?

SOURCE: http://www.foxnews.com/world/2015/04/16/hekmati-sister-marine-held-in-iranian-prison-is-being-drugged-whipped-and/?intcmp=latestnews


Repeat after me…RANGE-BOUND!

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Repeat after me…RANGE-BOUND!

As usual, comprehensive report coming out on the weekend.

We closed yesterday with major indices at the upper end of range. This morning, nice gap to the downside will bring indices back into the range. What else is new? When you have half the market in bearish shape, this is what you get. Simple as that.

We continue to sit back and watch “beat the lowered number’ during earning’s season. As we always tell you, some good will turn bad and some bad will turn good during this time. Gaps to the upside include NFLX,PM and PNRA though PNRA was on a large buyback. On the other end was SNDK and NOW. So stay tuned. Going to be a bumpy ride.

A couple of other notes:

The European romp off of their “on purpose” crashing currency seems to be over. No doubt things got every extended there.

Energy markets continue to try and put a good bottom in. Just keep in mind, tons of resistance all the way up…and when dealing with commodities and central bank yapping, anything is possible.

The “DUH” article of the week: Article in WSJ this morning about Fed no longer going to raise rates in June. Gee…had no clue to that. Again, the Knicks will win the NBA championship before any rate hike.

And lastly, the Mets are 7-3. I will now shut up!


New #Star Wars Trailer…Oh boy, is this great!

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New #Star Wars Trailer…Oh boy, is this great!

SOURCE: http://www.dailymail.co.uk/tvshowbiz/article-3042308/Star-Wars-Episode-VII-Force-Awakens-releases-second-trailer-panel-Anaheim-features-Harrison-Ford.html


Chart Of The Day: NFLX Big Break-Away Gap Even As Earnings Fall 10%

NFLX

Chart Of The Day: NFLX Big Break-Away Gap Even As Earnings Fall 10%

Company Profile

Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD. – Source FoxBusiness

Positions None


All the bearish areas trying to turn the corner!

ipo-market

All the bearish areas trying to turn the corner!

As we have stated, all the areas that have been bearish because of the soaring dollar since last summer, are finally turning the corner. ANYTHING CAN HAPPEN…especially with central bankers yapping away and OPEC now entering the fray but when you have a chance, for example, take a look at OIH,XLE,XOP and the underlying names. Take a look at things like FLR,CAT. Take a look at X, TS in steel. When dealing with commodity-types, it must be recognized they can be jerked around easily…but technically, we are just reporting to you that these are bottoming patterns. This does not mean they have to be successful rallying from here. We would just take a snapshot of all these areas and start paying attention to them.  For those looking at these down and out areas, the best thing to occur would be some retesting off this latest move off their bottoming formations. In no way are they bullish yet. They first have to show they can hold these moves.


Radio

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Radio

Investor's Edge: 04/17/2015

Investor’s Edge: 04/17/2015 Listen to todays show by clicking here.

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Radio

Investor's Edge: 04/16/2015

Investor’s Edge: 04/16/2015 Listen to todays show by clicking here.

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Investor's Edge: 04/15/2015

Investor’s Edge: 04/15/2015 Listen to todays show by clicking here.

Television

Newsletter

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.

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