Investor's Edge with Gary Kaltbaum - Big Rally On Wall Street [09.21.2026]
Episode Date: September 21, 2026https://garykaltbaum.com/ The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or ...BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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Investors Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary CultBomb.
And welcome everyone to Investors Edge.
I'm Adam Sarhan in for Gary Kay, who's out today.
Today is Monday, September 21st, 2026, and we have a great show for you tonight.
As always, I want to thank you very much for being here.
Just before we jump in, there's a lot to cover.
I have notes from Gary.
Let me go ahead and give you some housekeeping.
Just as be sure, this is, you know, the basics.
This is a show about you and your money and all of the fun points in between.
If you don't get the show in your city, you can go to garyk.com, rewind, fast forward,
listen live or archive anytime you want for free on any device, 24-7.
All that's available on garyk.com.
Separately, if you want to get Gary's morning notes sent to your inbox,
if you want to ask him about his money management services,
or if you want to subscribe to his premium service,
which is called convictionleaders.com.
You can do that as well.
Take a free trial at convictionleaders.com.
You get Gary's notes throughout the day, daily market webcasts.
So you can see the market.
Not only does you hear him on the radio, on the podcast, you can hear him,
but also you can actually see the charts.
And that's really, really cool as well.
And he goes deep and he covers daily updates, just webcasts,
just about every day plus intraday updates throughout the day.
Anyway, all that's available at convictionleaders.com.
outside of that I do want to read some notes from Gary right at the top of the show to make sure I cover everything and do my part
Let me go ahead and give you the messages
I'm getting on the messenger so here we go
The move above the 50-day moving average for the NASDAQ and the NASDAQ 100 so the NASDAQ
Composite and the NASDAQ 100
The NASDAQ 100 is a QQQ and the semiconductors continues today the semiconductors is SMH for those of you following at home
that like to follow it.
Today with a big gap up, you had an overnight gap.
And last Monday's gap to the downside on what Gary thought was nonsense news.
He uses a different word, but I'm going to say nonsense, all but forgotten.
So the two things driving the bus have been yields and higher oil prices.
And the thought process is simple.
They have been overbought while the broad market has been oversold.
And if we get any relief, we expect the broad market to bounce.
To what extent we don't know.
But the bigger story is the semiconductors as they are vitally important.
Artificial intelligence, AI names, will bounce with them.
But not nearly as strong, but we'll keep watching them.
Keep them on watch.
Gary says, we called the bottom a few weeks ago in crypto.
And how it's been trading flat now since those few weeks or those last few weeks.
or those the last few days now, it did break out Bitcoin, for that matter, of a base today,
which I'll talk about a little bit later.
But crypto will gap up, a lot of crypto stocks gap up today and a new stair step today.
Remember, there's an old adage on Wall Street.
This is me talking now, not Gary.
The market takes the stairs up and the elevator down.
So when he says stair step up, think about the stock going up or the market going up and then
goes sideways and then it builds a new base and then breaks out and goes up again.
Sideways, up, sideways.
So when he says stair step up today, we had to, we called the bottoming crypto, had to move up, move sideways for a few weeks, and now it's breaking out again today.
So that's the stair step on the way up.
Bitcoin's in the mid-80s, 86,000, somewhere in that range.
And you had a nice breakout for my nice stair step up.
Let's put a nice base going back to mid-August.
All right, back to Gary's notes.
so and take a long it'll because crypto's going higher now it'll take along a lot of the crypto related stocks like coin based c-o-in robin hood h-o-o-o-d and m-str do not forget there are no sales earnings products or services so we only talk about it on a technical basis a lot of these crypto stocks there's no sales there's no earnings so just be real careful there as well after weeks and weeks of horrible advanced decline lines new and nearly lows
new, a lot more new 52 week lows and less new highs.
We are getting some risk on.
That's Gary's way of saying or the market's way of saying that the market's going back
into risk on mode, taking on risk and stocks and Bitcoin and so on and so forth.
And we'll see where it takes us.
So Gary says the symbol M-A-G-S, the Magnaugnificent 7 and F-N-G-S are breaking out today.
mega caps really influencing the big indices.
Small and midcaps continue to underperform even today because the Fed raised rates last week,
so they're more sensitive to that, which I'll talk about later.
And then Price will have a follow-through date today and we'll check volume after the close
and see how that works out.
But for now, those are the notes from Gary.
I just want to do my part and make sure that I cover everything for you.
Again, just the messenger.
And now I'll share my thoughts with you and what I think is happening and take a look at
market terminal and go through the breakouts.
and some setups and just put things in context
because it's really, really important.
So in a newsletter that I write,
it's called Find Leadingstocks.com.
In the weekend video on Friday,
I pulled up a picture this past week
and the week before of the CNN Fear and Greed Index.
If you go through the, if you just Google CNN Fear and Greed Index,
it'll pull up.
And it's, think of it like a gas tank.
You've got extreme fear,
fear on the left. You've got fear, neutral in the middle, and then greed and then extreme greed.
And that scale or that index goes back and forth, kind of like a gas tank being full
all the way to the right, extreme greed, and then all the way to the left is extreme fear.
Normally, it's somewhere between greed and neutral, in a bull market, extreme greed. Lots of times
you get there right now, and for the last few weeks, it's in the fear section of
of that rating.
So think of 100 being extreme greed.
Right now we're at 35, which is fear.
With the S&P 500, mind you, and the NASDAQ 100,
both trading very close to all-time highs.
Folks, that is extremely less than 1%
for both of those indices, extremely bullish action
from my side of the street.
That's number one.
Number two, it's not the news that matters.
It's how the market reacts to news.
You've heard Gary say that many times.
And what happens here?
The reaction to the news is bullish.
The Fed raised rates last week.
I'll talk about that more later.
And the crypto, I'll talk about that as well.
And people worry that the Fed's going to cut rates,
because Trump got rid of Powell,
because he wasn't cutting rates, brought the new guy in Warsh.
Instead of cutting rates,
Warsh is like, yeah, we got to raise rates,
and it was a unanimous vote to raise rates last week.
And you would expect the market's going to slow,
you know, the economy will slow down if the Fed raises rates, so on and so forth.
You might think that, hey, that's not really easy money.
That's more of the tight money.
That's more on the restrictive side of things.
And what does the market do Thursday and Friday and today?
Just blast off.
So again, it's not the news that matters.
It's the reaction to the news.
that folks tells me everything I need to know.
The Fed is like the elephant in the room.
Think of it this way.
There's fiscal policy and there's monetary policy, right?
There's two big things from the government.
Fiscal is the spending from Congress and so on and so, monetary is from the Fed.
Okay, the Fed can either cut rates or can raise rates in the simplest form.
Of course, they can print money with QE.
We've seen that before and QE 1, 2, and 3, and then QEE infinity and blah, blah, blah.
And that's what caused inflation, by the way, when they printed unlimited money.
during COVID and they kept printing for way too long, just like now.
They kept rates steady for way too long.
They should have raised rates, my humble opinion.
I don't know, a year ago, two years ago, when inflation wasn't going down after they stopped
raising rates, they'll say, okay, we'll see it.
And guess what?
It wasn't going down.
Raise rates.
You got a slowly inflation.
I mean, they have a dual mandate from Congress.
It's real simple.
It's keep jobs low, unemployment low.
Sorry, keep unemployment low, like keep jobs, people employed, right?
the unemployment rate has to stay low, and make sure inflation stays near 2%.
So jobs, you can check that box, but inflation's been above 2% for a long time.
And they did nothing for many years, like the last two, three years.
They haven't raised rates in a long time.
That was a little bit, in my opinion, not the best thing to do.
But neither here nor there.
We're here now.
The market rallied.
Now, other bearish news, oil.
Was that 100 just a few days ago?
Now it's near 90.
That's a high.
That's inflation.
Guess what?
Bond yields,
which Gary's has been on like white on rice,
is also another quote-unquote bearish thing.
And what's the market doing last week?
2% below an all-time high.
Today, huge move up.
And you're about to break out of a new base
in the S&P 500, the SPY, the QQQ.
If the market can't, it's just very bullish.
If the market can't fall on that news,
that end of itself is a bullish sign.
Remember, the reaction to the news is what matters.
Fear is prevalent.
The CNN Fear and Greene.
It's not me.
It's not my index.
You can Google it, CNN Fear and Greed.
There's a bunch of indicators they use to determine whether it's fear or greed.
So it's all automated.
It's not like it's someone's discretion.
This guy's sitting in the corner and saying, oh, let's put fear.
No, it's based on indicators.
It's based on what's happening in the real world in the market.
And guess what?
It's in the fear area.
A few days ago, it was extreme fear.
I think last week it was right on that border between fear and extreme fear.
And the S&P was like 2% below its all-time high.
So again, one of my friends has a, his name is Tom, he's got a really just great way of looking at it.
He goes, be dumb and follow price.
Follow price.
All right.
Up next, we've got a lot more to cover.
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All right.
So we spoke about the market, major indices.
the fact that in my opinion, they are and have been very strong.
I think I've mentioned that here on the show over the last few times I was on.
Again, the fact that the market just refused to budge, the major indices,
the S&P NASDAQ specifically, you know, I think the NASDAQ was down 5%, 6 at the 7,
maybe 8 at the worst it was over the last few weeks.
That to me is real bullish.
So what happened?
Let's rewind the clock.
Let's pause and say, okay, let's zoom out.
A day like today, you get a lot of short covering, you got some momentum traders in there,
you've got a lot of people buying, you know, FOMO, so on and so forth.
Bessent, the Treasury Secretary, met with the Chinese vice president or premier yesterday,
and over the meeting, the weekend, the meetings went well, and there's President Trump
is to meet with the Chinese president on Thursday at the White House, and they're expected
to have a deal over trade truce or whatever.
You know, good news is coming there.
Okay, great.
People are optimistic.
Great.
Last weekend, everybody was the big AI guys were, oh, things are slow.
We should slow down.
We should slow down.
AI can annihilate us or whatever.
Okay, great.
Little sell-off, guess what?
Market doesn't care.
Bond yields up, market doesn't care.
Oil prices, $100 a barrel, doesn't care.
Again, the reaction to the news.
My friend Tom has a great line.
He goes, be dumb and follow price.
The market's price is what matters.
I can come up with the hundred reasons.
I'm exaggerating just to illustrate the point that the market should go down or it should go
up.
It cares. Market doesn't care. Let's focus on what's actually happening and then get aligned with that.
So we mentioned crypto earlier and the risk on trade. What is that? Well, risk on is an appetite from investors to take on risk.
That means stocks, crypto, things of that nature go up. Risk off means the exact opposite. They tend to go down.
It's not a quote unquote good environment for risky assets like equities or stocks or, you know, things of that nature, crypto, etc.
So when you have a situation where you look at the indices and you want to find breakouts,
you want to find out what's working, you want to find this, you want to find that.
Again, markets take the stairs up, elevator down.
Let's zoom out, look at the forest.
Don't just get caught up looking at the trees.
What does that mean?
This year, let me take a look.
The S&P 500, the NASDAQ 100 are both up, I believe, double digits for the year,
which is very strong.
Now, yeah, both of double digits.
All right.
We had a week Q1.
Market went a little bit lower, was sideways, nothing was really happening.
End of March into early April, market explodes higher.
Q2, the second quarter of this year, you get an explosive rally.
I mean explosive led by AI stocks, semiconductors, AI, so on and so forth.
I think the SMH
Smbonductor index,
yeah, it's up over 50%.
I think it's like 60%
somewhere in that range.
It's huge.
Just this year alone.
So huge explosive rally in Q2
and then in Q3,
which is ending next week on Wednesday,
I believe.
The last day of September
is the end of the third quarter.
We've basically been going sideways
to consolidate that move.
Remember early we talked about the stairs up?
stairs up. Q1, you went sideways, and then you had a huge run up in Q2, and now Q3 you're going
sideways the last three months, more or less. I'm just rounding to illustrate the point. And we're
about to break out to new all-time highs, which I think is going to happen in the very near future.
Again, I'm not predicting it. I'm just observing. I'm a market participant. I'm long for full
disclosure. Just always like to share my positions if I do have one.
But we're in a situation where, again, you had every chance in the world to fall instead of falling.
It's going sideways the last three months.
And now it's about to break out and have another stare up.
Now the breakout could fail.
You could have a roll over.
You can have a bad headline.
So one and so forth.
But until that quote unquote bad headline occurs, just looking at the action objectively, the action remains strong.
And oil was down about 4% today, which helps.
So when you have a day like today where the NASDAQ 100,
futures is almost 900 points or almost 1,000 points, let's put that, 900 points let's put it that way.
It's a ginormous move.
You know, it's a follow through day.
It's almost 3% in the QQQQ.
That's a ginormous move.
Friday was quadruple witching, which means a lot of volume came in, a lot of options.
So I doubt that today's volume is going to be higher than Fridays.
And that's okay.
As far as I'm concerned, it's a spirit of the law, not the letter of the law.
It's a follow through day.
which means we're confirming a new uptrend.
So, or at least odds favor, we can easily rally from here.
And if we do break out of this three-month base for the S&P 500, the SPY, the QQQ,
we're in uncharted territory, all-time highs.
And again, we're in a bull market.
Surprises happen to the upside, usually in bull markets, not the downside.
It's just how markets work.
And I've been doing this since the 90s.
I've traded through the dot-com bust, the 2008 bust, the COVID crisis, whatever, you know, that big sell-off and then came right back because the Fed printed unlimited money, so on and so forth.
QE-1, QE-2, I've seen this story.
Ups down, good, bad, ugly, everything in between.
Plus, I've studied markets going back over 100 years and economic cycles going back as far as you can possibly think, hundreds and hundreds of years.
It's another one of those, like Ray Dalio says.
And what does that mean in plain English?
This has happened before.
We're in a bull market.
There's a great book called Reminiscence of a Stock Operator, which I recommend people read.
Again, I'm not affiliated with it.
It's about a famous trend following, you know, a famous investor, a stock who's in really a trader, back about 100 years ago, a little over 100 years ago.
And I think it was about 100 years ago.
He was definitely less than, okay, clarify.
Jesse Livermore is the guy's name.
You can Google the years he was trading.
He started right around the early 1900s.
He traded through the Depression, the 1929 crash, and he was short, I believe.
So the folklore goes.
He made and lost equivalent today hundreds of millions of dollars in his lifetime.
And reminiscence of a stock operator is one of those just quintessential, great market books,
tremendous amount of stories in there that are still applicable today.
Why?
Because human nature never changes.
The stocks might change.
the currency might change.
The language might change.
The tulip bubble hundreds of years ago.
There was a bubble in tulips in Holland, right?
Then you had a dot-com bubble in 2000.
You had a housing bubble.
You had a crash.
You had a dot-com bust and the tulip bubble bust.
Now you've got the AI, quote-unquote, bubble that's happening
or people saying that could be a common bubble or whatever.
It doesn't matter.
I've seen this a million times.
Meaning what?
You're in a bull market.
Lots of people are fearful.
Again, see if you're in green and next,
market doesn't care.
align I've learned this lesson so powerful my job is to be in harmony with the market so play on the word harmony
I'm not here to fight the market I'm going to lose every single time and even if I quote unquote win
I'm still losing if I'm not aligned with the market so again the job is to be aligned with the market
that's it that's simple and this I'll cover more in a few minutes up
next a lot more to cover i'm adam sarnan this is the one only investors edge
and listening to america is talking investors edge he's got to be pleased with that the crowd is just
on his feet here he's a cinderella boy with gary colbom comes highly recommended you're going to feel
better if you talk to him and welcome once again to investors edge in case you're just joining
us or miss any part of the show you can go to gary k.com rewind fast forward listen on any
advice for free, all on GaryK.com. All right, so a lot to cover, being in harmony with the market.
That's the goal. The market hasn't even broken out yet. Today's what's called a follow-through
day, as far as I'm concerned. Technically, you want to see volume higher than the prior day, but
Friday was a quadruple-witching day, so as far as I'm concerned, it's a follow-through day,
which means a new rally is being confirmed. Does it have to be a
every fall through day leads to a massive bull move, you know, move higher and blah, blah, blah,
no.
But every major big run, big rally, you know, big move began with the fall through day.
So again, not every fall through day leads to a bull market, but every big, huge run,
bull market kind of a thing that we've found, or at least we've covered, began with the
follow third day.
And it's according to Bill O'Neill from Investors Business Daily.
If you want to read more about follow through day, you can Google that and have fun with
that because it's deep. There's a lot to it, but I'm giving you high level stuff. Again,
the spirit of the law, not the letter of the law. Don't take what I say. Literally take the spirit
of it and the gist of it. That's how my brain works. So again, big picture kind of thinking,
not good with details. So high level, we're in a bull market. We just got a follow through day.
And ready for this? The S&P 500, the SPY, the NASDAQ-100 QQQ, haven't even broken out of their bases yet.
that to me is very bullish.
The Fed was last week on Wednesday.
We've rallied pretty much every day since,
and we had an explosive rally Friday
and another explosive rally today on Monday.
That being the elephant,
the Fed is probably the major external influence on markets
outside of news events and so on and so forth.
It's one of the biggest players in the markets,
put it that way.
They're not participants, but influences on the market.
It's the elephant in the proverbial room, so to speak.
Fed raised rates, market sores.
That's all that matters.
What does it mean any deeper, you know, beat, unfollow price?
That's that simple.
It's even a website.
I put some content on out there.
Beatonfollowprice.com.
It's that powerful and that simple.
It's the smartest way to trade growth stocks as the rest of it.
It's not just beat on follow price.
It's a beat on follow price.
It's, you know, once a week,
put out an update there with the video with some master list, focus list, and some top stocks,
and they're all high-ranked stocks too.
And it's just a weekly report once a week on Fridays, and that's it.
And it's really powerful.
Why?
Because what's the idea?
The idea is zoom out, see the big picture, get those trends, and let's go.
Like they say, the kids say these days, let's go.
So again, the S&P and NASDAQ, if this is the beginning of a big move up, we had a very nice rally in Q2.
Q3 is coming to an end, the end of the month, end of the quarter.
tends to have an upward bias.
There's a very high likelihood.
And again, I'm not predicting here.
I'm open to anything.
If the market sells off hard tomorrow,
enter any reason you want,
where the China-U-S trade deal falls apart or whatever.
I'll adjust my tone instantly.
But until we see any heavy selling show up,
I mean aggressive selling where we take out the lows of this base or or or or,
there's a very high likelihood.
Again, probabilities.
I'm thinking in probabilities.
probabilities. Anything is, I'm open to anything. Anything is possible in markets in life,
but just about anything is possible in life in markets. I've seen just about everything happen.
I'm focusing on probabilities. Right now, I'm not a betting man, but if I was to bet,
the market's likely going higher because it didn't go lower when we had every chance in the world
to fall. And instead it rallied. And we're setting up for what could be, again, this is not
me making a prediction, but what could be a very strong Q4. It's just the way markets work, right?
Elevator up. Sorry, stairs up, elevator down is the old adage. So stairs up. All right. Well, you're
moving sideways. You had a Q1 was sideways. Q2 was up. Q3 is sideways. It's a high likelihood.
Q4 is up. And if it's not up and it goes right back down again, I'll get a lot more defensive,
get out of the way, see you later. Bye, bye, bye, bye. But if it does go up, I want to be prepared.
And that's where the power of anticipation comes into play.
It's extremely powerful, folks.
When you learn to anticipate, and I'm not predicting here in life,
and I'm not talking about the stock market, I'm just talking about in general.
What could happen and prepare for it?
Wow, the world changes.
Number, stocks don't only do one of three things.
Up, down, sideways.
That's it.
Up, down, sideways.
I'm going to prepare for all three of those outcomes.
If the market rolls over, hey, I'll lighten up, get out of the way, see you later.
No harm, no foul.
We go sideways, great, choppy action, I get it.
And it's been choppy for a while now.
But if we do break out and go up from here, I want to be prepared.
I want to be ready.
Have my ready list.
Look at these stocks breaking out.
I built market terminal for that exact reason.
Literally for that reason.
And we've got some breakouts.
We can go through some of them.
AMD, very nice breakout.
Again, take a look at it.
Again, these are not buy and sell recommendations.
These are just stocks that are technically breaking out.
No investment advice is being given.
I don't know you, so I can't give investment advice.
Everything is general purposes only.
All right, so technically, AMD broke out today.
Had a huge move up in Q2, sat quiet for Q3, went sideways.
The base was 584 to 424, so it was a wide base, but still a nice orderly base and breaks out today on volume.
today on volume.
Second one to break out today.
Had some good news from Warner Brothers.
That's a buyout.
So I'm going to pass on that one.
And I don't know if Skydance, Paramount was trying to buy them and there was a deal with some of the state attorney generals.
But anyway, I'll move on to the next one.
Twilio, T-W-L-O.
Nice breakout today from a nice base.
XP broke out today.
B-M-N-R.
Nice breakout today.
This is a bit mine, so I believe this is a crypto-related stock.
BNS, the Bank of Nova Scotia, up in Canada, broke out today.
What else?
G-R-A-L, Greil Inc.
Healthcare stock.
Big breakaway gap today.
Very nice breakout.
Nice, NICE, ticker symbol, nice, software stock broke out today.
AMRX, little gap up, healthcare stock, drug manufacturer, broke out today.
H-C-M, Chinese stock, broke out today.
Another health care stock.
T, B-B-B-B, so Tom, 3B as a boy, BBB foods broke out today, discount stores.
ZIM, ZIM, broke out today.
It's a shipping company.
So out of those, those are those large-cap, mega-caps, and mid-cap breakouts,
There's still small caps and a lot more.
I'm not going to read every single one.
But out of those, well, all right, let's take a look.
The number one-one was AMD.
So I'm going to load up the semiconductors and take a look at those and say,
oh, let's look at the SMH.
It's coming up the right side of a nice base.
A breakout from here is going to be bullish.
It still has room to run.
The old high was 671.
And we closed today right below 600, I believe, 596 somewhere in that range.
All right.
Good. I'll take it. Sand disk, SNDK. Let's take a look at some of these semiconductors.
Coming up the right side, 1828 would be the next line in the sand to watch for sand disk.
Seagate, STX coming up the right side here. It's still quiet. This one's still basing. Not quite ready.
HPE, which is Hewlett-Packard, enterprise company, getting ready to break out there. You have a pivot point right near
6344. Let's see. Arista Network, A-N-E-T. Good action here. And again, we're looking for themes.
We're looking for setups based on base action there. Just good action. And I can go on and on and on.
If you click on the setups page on market terminal and there's tight setups, broad setups,
large-cap setups, small and mid-cap setups, each one dozens and dozens and dozens of stocks.
There's lots of setups. Small and mid-caps, I think there's 92, large-term.
There's 57. Broad setups are combination, those but some other criteria, 23.
And then tight setups, we've got about 27.
Visa, big cup and handle, setting up here to break out.
And WG is setting up.
So not only can get breakouts, you can see them setting up before they broke out,
before they break out, excuse me, Roku.
And just because it's setting up doesn't mean it's going to break out.
Just, hey, I want ideas, right?
So MET, MET, MetLife.
If the market's going to break out and run,
run here. I want to be prepared. How do I get prepared? I find leaders. I find stocks that have
strong relative strength, strong current strength. It's one of our ratings on market terminal. It's
more sensitive than relative strength because sometimes with relative strength you can have a big
move down but still has a 99 relative strength. I want to see something that's more responsive.
So we built the current strength, which is relative strength with a twist and our opinion is a little
bit better. It's more accurate. Stock's down 50%. It's not going to have a 99 relative strength
right, right? Our current strength will adjust it. But anyway,
find the setups and there's lots of them up next we've got a lot more to cover this is the one
and only investors edge you're listening to what are waiting for well what are you waiting for
one two ready go action and welcome once again to investors edge with gary colpac in welcome once again
to investors edge in case you're just joining us or missed any part of the show you can go to garyk
k.com rewind fast forward listen at your convenience on any device you want all for free garyk.com
so a few things here want to go ahead and as we wrap up in the final few minutes here
there's something called animal spirits market right now is bullish as far as i'm concerned big
update today nasdaq 100 was up about 3 percent which is one of the biggest moves of the year if not
the biggest i don't have that exact number in front me but it's
is one of the biggest moves of the year. Let's just put it that way. The NASDAQ itself,
composite, was up almost 600 points to 27,122. The S&P 500 was up 114 to 7,764. And the Dow was up
366 points to 52,048. On a percent basis, the NASDAQ was up 2.26%. The S&P was up 1.49% and the Dow was
up 0.71%. So for the S&P and for the NASDAQ, I'd consider these two follow through days for those
two indices. The Russell was only up 17 points or 0.62%. And the NASDAQ100, the QQ, was up 2.83% leading
the pack, up 838 points at 30,482. Just very strong action, specifically in tech. And if you want to go deeper,
into big tech. And again, you can go to large cap setups on market terminal.com and you can see
all the setups that we've got over there.
Or we can just go through some of them now.
Look at meta, M-E-T-A.
It was quiet for a long time.
Big breakout today.
It actually broke out on Friday, reversed,
and then soared today.
It's not on the breakouts page
because Friday was the breakout and it failed.
And then we usually give it a few more days
so we don't have a lot of false breakouts.
But it's a mid-level breakout.
And it's a massive move.
Let's look at the moment.
Mag 7s, right? So let's look at Microsoft, MSFT. I'll go through some other big cap tech stocks also.
It's quiet. That's still setting up. That did not break out today, but it was up a percent and a half.
Good day for Microsoft. A better day for meta, meta, by the way, was up 11.4% and close at 741.
Amazon, AMZN, Microsoft is MSFT, by the way. Amazon was up about 1.8% to 258,
43, closed above its 50-day moving average.
Google, if you want to go G-O-O-O-G or G-O-O-G-L, it's up to you, but I'll go use G-O-O-G,
closed up 1.88% to 350, and it's getting, it's back above its 50-day moving average.
Apple set up last week, setting up right now, it's on the large-cap setups on market terminal,
it's right below, it closed up 0.87% to 3%.
339, it's right below its all-time high and its pivot point or breakout point at 344-57.
So again, when you have big setups like this, and there are a lot more, by the way,
Navity is setting up, Citigroup is setting up, TSM is setting up, Merck is setting up, TD setting up,
Visa Johnson Johnson, ABBV, there's just so many, there's a lot more, right?
So again, Navity is all-time high was, not sorry, all-time high was that.
Yeah, 236, 54, you're at 227, not far away.
I think you're about 4% below an all-time high for NVIDIA.
That breaks out.
Apple breaks out.
Again, I'm not saying that's going to happen.
I just want to be prepared if it does.
Apple hits an all-time high, and NVIDIA hits an all-time high.
What do you think is going to happen to the major indices, higher or lower?
Again, I keep it that simple.
Overthinking and getting stuck in your head is one of the biggest,
no-nows in this business or even life as well.
So it's really important that you pause, reflect, and get in harmony with the market, but get out of your head.
And take this advice from Jim Rohn, who's Tony Robbins teacher, look at Tony Robbins.
They have the great saying, if you're stuck in your head, you're dead.
It's not literally dead, but you get stuck in your head and you know what happens.
You get that loop going, which is negative.
and you get that negative thought process,
and then you get angry and upset because you miss the move.
And you just out of sync and out of harmony with the market.
It's happened to me so many times.
And the market doesn't care that you're upset.
But those emotions kick in.
You get that FOMO feeling, fear of missing out.
And psychological analysis kicks in the book,
which is number one on Amazon.
Thank you, everybody, for supporting it and leaving a nice review on Amazon.
I wrote a book.
It's called Psychological Analytics.
The whole idea teaches people how to make rational, not emotional decisions with their money.
101.
It's understand those emotions drive most of our behavior and be aware of those emotions and take control of them and separate yourself from the action.
If this is going to be indeed a big rally going into the end of the year, this is just day one.
The market didn't even break out yet.
And that's what I really want to focus on because it's easy to get caught up in your head.
Oh, I missed it.
Oh, my God.
And then enter any negative thought you want.
Doesn't help you.
Doesn't serve you.
Stop it.
Right away.
Just stop it.
All right.
Look at the positive side.
Be objective.
Next move wins.
Right?
We could break out the market and the next thing you know, it rolls over.
Anything is possible, right?
We're focused on probabilities.
It was a strong day today, had a strong close, a little selling.
into the close the last few minutes, which is normal after such a ginormous move.
Just pause, take your time.
This thing can easily pull back a little bit and consolidate right below before it breaks out, below resistance.
And it could not even break out.
Again, the whole idea of support and resistance is it rallies right up to resistance, rolls over,
goes hit support, or trades near support, rallies right back up to resistance, goes back down again,
and then eventually it's going to break out or break down.
But for now, this can easily break out and go higher, or,
some enter any negative headline you want and the market could roll over.
But for now, until we see any selling, the bulls are in control.
And again, surprises and bull markets happen on the upside, not the downside.
I want to be prepared in the event that this does break out and rally.
I want to be prepared.
Again, I'm not predicting it, but I want to be prepared.
And I keep emphasizing that I'm not predicting it because it's very easy to start making predictions and saying,
oh, ego, ego, ego. I'm right. I'm wrong.
Avoid that game.
It's preparation.
My kids have school.
They have homework.
Prepare.
Don't study the night before and pull an all lighter for the test at any age.
Doesn't matter how old the kid is.
Prepare for it.
You know what's coming.
Prepare for it.
And if we do break out, I want to be prepared.
And if we don't break out, we roll over.
Hey, I'm prepared as well.
And if we go sideways and it's more choppy action, I'm prepared.
That's only three things that can happen.
Up down or sideways.
Keep it simple.
I believe that's all the time we have for today.
as always want to thank you very much for being here.
Have a great night.
This has been Investor's Edge with Gary Cult Bomb on BizTalk.
To listen to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryK.com.
