Investor's Edge with Gary Kaltbaum - Distribution

Episode Date: July 27, 2023

garyK.com or https://garykaltbaum.com/

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Kalpom.

I'm your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Thursday, July 27th, 2003. Hope you having a good day. Okay. In case you don't know, this is a show about you and your money, the markets, the economy, jobs, unemployment, taxes, deficit spending, scam, shams, corruption, you name it, we cover it. And we're going to do today, it's not very easy to teach over radio, but we're going to do our best to explain to you certain things on how we see things in the markets.

You got that? But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, where we once had, no really, 90,000 followers and overnight went to 30,000 followers. You know which night that was? The night after Twitter shut me down for saying that Bernie Sanders' economic policy was communism. And they shut me down for a day. That was back then. Never got the people back.

Anyway, you can follow me on Twitter. And if you want to email me, all you got to do is be nice. That's not hard, is it? Just be nice. Okay. I just want to do one thing before we get into the markets. I just want to do one thing before we get into this little lesson I want to teach you, which basically if you are Warren Buffett couldn't care less.

If you own the Vanguard 500 for the last 30 years, you couldn't care less. If you love holding stocks for 10 years, no matter what come heck or high water, you couldn't care less. But as I said, I just wanted to start out with something that just, so just so you know, in my little office, here. You know, we used to have an office in downtown Orlando. And right before COVID, we were going to move my office to near where I live because I had a drive. It was pretty much 45 minutes each way, and that's on a good day, 45 and 45. So I was sitting there two hours of my day having to go back and forth. So we're going to move it to Lake Mary and then COVID hit. And, One of the people who works me got pregnant and we just, I kept the office at my house.

And I love it. Eventually, we're going to get another office. But so I have two TVs and basically the TVs are set up to where I can see them and know what I want to listen to or not listen to. and I'm very careful on what I don't want to listen to. But today, I got to listen to the Speaker of the House, Kevin McCarthy. And what have we told you here? We have no bias. We have no agenda.

We have no ulterior motive. We don't like any of these people. We think they have let us down. We don't see Republicans or Democrats. Democrats anymore. We don't see Democrats or Republicans anymore. We simply see a bunch of politicians and I just add up the numbers. You know, you can Google the words rolling federal deficits and it comes up and all that. I got to listen to his press conference. I think I was able to listen to 15 minutes of him talking about how much.

they care about Americans and their tax dollars besides talking a little bit about impeachment because somebody asked Americans and their tax dollars how much he cares about how much he cares about you and your tax dollars I just want to let you know the speaker of the house

really cares about our tax dollars now he does when they had power, when Trump was president, when they had the purse strings, they added six trillion, depending on which rusty abacus you use, six trillion dollars of debt in Trump's four years. after President Trump came out and stated, oh, it'd be so easy. I'm going to come in. I'm going to cut the debt and deficits. I'm the greatest negotiator of all time.

So I just want to let you know how much our Speaker of the House now cares about you, the taxpayer, and the debt and deficits that they are going to fight for us against those bad Democrats who we know don't give a crap about it. They don't even have any shame. Though Joe Biden says he cut our deficit by $1.7 trillion. And he's cut spending.

Yeah, sure. Anyway, I just wanted to start with that. That's all. Just wanted to start with that. And that's really all I got to say about that. There's a lot of talk also, and I'll finish this about how old some of these people are. Mitch McConnell, we wish him well, froze in a press conference yesterday. It looked like he was having one of these trans-aschemic attacks where you can't utter any words. But he came back 15 minutes. They had Diane Feinstein, who's, I think she's in her 90s.

Well, go look at the video. And you also know about the video of Joe Biden. I have Newsfeer. I don't care if these people were 200 years old. if they cared about we the people and just got the hell out of our way. I'd had good policies that just get out of our way. I was watching the press conference with the press secretary

telling us how much they're doing for us. Really? What are they doing for us? They're going to tell us how to live our life and do our jobs? Really? Anyway, that's what I saw on my TV. today. A little bit of that. Notwithstanding. What else did I watch today? General Hospital. Varnie and Company I was on with him today. I watched Charles Payne's Town Hall today. And that's all I got for you. So the market wrap is brought to you by Investment-Dashmodels.com.

that's Jim Rohrabak, one of the great market timers. No gray areas with the man you were either in or out of the market was proprietary indicators. Go check it out. Investment-mottles.com. Oh my God, the Dow was down. We don't have to listen to anybody tell us the Dow has all these days in a row. It was down 237. We'll get to the open and the close in a little bit.

S&P down 29. NASDAQ down 77. NASDAQ 100 down 34. It doesn't sound that bad, but transports down 213. Semiconductors, the socks was up a juicy, 68, was up better. Advanced declines were terrible, up down volume was terrible, and most importantly, we were up strong early, and then went the other way and did not finish that great.

We'll get to that a little bit later. What I want to talk about right now is Microsoft. Netflix and Tesla. What did these three have in common in the last week or so? They've all reported earnings. That's number one. Number two, they're very, very big names. Number three, they all reacted poorly to earnings.

What's my point? That's up next. This is the one and only investors edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services,

including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 8-58-4-2-5-9.

That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have

a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer.

That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oroida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working you're listening to hey this promises to be fun investors edge the last bastion of quality programming with Gary called bomb it doesn't get better than this and welcome once again to

investors edge I think this is an opportune time but to do this because there's something going on right now it's just these three names it's just these three names right now and Nothing's ever 100% in the market. You need to know that. And what I mean by that is there are rules we follow. There are things that we understand. Everything we do is based on looking at a photo album for familiar faces. And also remembering what works, what does not work.

But nothing's ever 100%. I want to make that point to you. When I say that, I mean, just because the stock breaks out doesn't mean it works. Just because a stock gaps up doesn't mean it continues. Just because something gaps down doesn't mean it keeps going down. But what we have are these two words called odds favor. odds favor. Odds favor in bare markets,

companies that have no sales or lose a ton of money are going to get plastered. How do we know this? We studied every bull and bear market. And we go through them very carefully. And we look for these common denominators in these bull and bare markets. And one simply is, in bare markets,

do not own any stocks that lose money, especially don't own any of the froth and speculation that have no sales. That's one of the things we follow. But another thing we follow is gaps on earnings, not just gaps. We're talking about earnings gap. and what we have found, and doesn't mean the end of the world, what it does mean is that typically when you have a popular stock, gap to the downside, on whatever earnings report there

was, it usually means it's going to be soft for a while. What do I mean by the word soft? Well, typically it's going to lose relative strength. Typically, if it's of importance, the stock can get squashed. And what we mean by of importance, let's say Microsoft did not really report anything bad. Microsoft reported good earnings. they reported good sales. They beat on both.

But they said that guidance, the expectation of going forward, was going to be less than expected. So the stock had a bad reaction. Guess what? That bad reaction has led to further downsize.

notice we didn't say anything to the effect of for the lots of downside oh it's going to get crushed we're just saying that it's one of these things and it was down today yeah another seven bucks no big deal it's had a good run and maybe it drops a few percent stops going down and we look to the next earning report, which are going to be great. But Netflix. Now, that's the one that stood out for me, and that's the one we talked about more to you, that we did not understand sometimes. How is it the stock can go from in the last year 200 to 400, and earnings were down year over year and sales growth was hardly any? And came from doing that password thing. So the stock gaps down

Take a gap down to about 430 448 From about 480 Well it's now 413 down another 10 today Thus one of our rules Is working

on Netflix And we just added the fundamental side of that also just for the sake of it. Because sometimes you can just add up. Wait a minute. Hold on. Sitting in front of me, earnings down three, down 18. The last quarter earnings were up a measly three while people are saying they were great.

Sales growth, six, two, four, and three. And the stock doubled? Huh? But I digress because for all we knew, they would have gap the stock up. So just let you know Netflix, Tesla. Well, they reported earnings. They look pretty darn good, but guess what the stock did? It gapped down also.

And that's the market's belief, not somebody's opinion. Well, Tesla down another almost nine today and having trouble here. So the three big names that reported and did not work out very well, the reactions. We're just talking reactions are following through to the downside. So one of those little rules, and again, it's not 100%, and we've seen stocks gap down and reverse the same day. We've seen them gap down, sit for three days or fall off for a few days, and then, psh, defended, turn back up.

We're just letting you know one of our rules because it's just happening with three not so unimportant, names pretty much at the same time, which means absolutely nothing to tomorrow, but we just want to let you know. And you just add up, they're owned, overloved, and over leveraged, and what institutions will tend to do, the big money crowd will tend to do, is they'll let's share of this do we have. It's gaping down. Let's lop off a little bit. Oh, it's still going. Maybe you get my point.

And of course, on the other end of the spectrum is the things that gap up really well because of big surprises, big news, great news, and rally up. So we thought we'd do that because this just stood out for us today. And again, tomorrow's another day. Up next, more on these markets, whatever else. This is the one only investor's edge. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology

at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant

quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building

the future of computing, visit IBM.com slash quantum. This message is brought to by Colagard. If you ever

printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The coliard

test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, set up, sample, and ship, completing your coliagard test is easier than finding the right track on your mixtape. If you're 45 or older, then at average risk, ask your doctor about the color guard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result

from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a polonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in store tags to earn on

eligible items from Celsius, body armor, or Ida, silk, Capri-sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards. Stack up to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're 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 Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. And well, once again, to Investor's Edge. It also goes without saying when something gaps down, by the way, on a maybe a worsening outlook,

it could typically, just remember we're talking about businesses here. It could typically lead to more. There is a solar company called Enphase that was really strong into the end of last year, cracked badly. In April, they report earnings. It was 231. Within a day, it's 150. Well, I can tell you for the last 12 weeks before earnings, it's been trading between 150 and 185, down from 340. They just reported earnings. It's down 30 bucks in the aftermarket. I haven't even looked at the news. Don't know what it is.

But sometimes you get a situation where when business turns the wrong way, it stays the wrong way for a while. So again, just one of the rules because the. main gist of what we try to do is what we call the Paul Tudor Jones thought process. One of the greatest hedge fund managers of all time, we've told you this before, I saw a quote and then I believe I saw him say it once, that he knows a ton of managers that have a better percentage win on stocks than him. Meaning if you pick 20 stocks, 15 went up, 5 went down, and I'm only 10 in 10.

But what he says, what he does went wrong, and it's small, saves the day for him. And that's what we live by. Number one is what are the rules and what are the characteristics of crappy stocks and trouble. And the number one rule is anything below the 50-day moving average for me is disqualified unless nothing. Because if something's turning up, usually it's turning up back above it.

And that is just a characteristic of bullish versus not so bullish. and then the other part of the equation is the earnings reactions. I've been lucky. I think I've told you this before. The last time I've ever had a bad gap to the downside on earnings was like in the 90s Silicon Graphics. Two weeks before their earnings report, they pre-announced great numbers and we bought in. and then they missed numbers two weeks later.

I tried to get the CEO on the phone. He never got on the phone. I believe there was a class action at the time. When you win a class action, you get eight cents. And what you have right now in the case of Microsoft, Netflix, and Tesla is that opposite. Versus on the other side of the equation. you're looking for great reactions to the earnings. So just some food for thought, lessons learned.

We're constantly updating them because the market, you know, is forever changing, but the one thing that has always stood out and will not change is that 50-day moving average. It's just taking the last 50 days, adding it up, dividing by 50, and you have a smooth outline that you can chart with above, good, below, bad. And then we add in the words, potentially good and potentially bad. If you're above doesn't mean you go up, you can just sit there. If you're below doesn't mean you go down, you can sit there. But nothing good can happen if you're below and nothing bad can happen if you're above.

and that's physical. That's the physical part about this. And by the way, today I was on the phone with a good friend of mine who is part of a business and they were looking for me to maybe manage their 401K. And it turns out one of their wives was a certified financial planner. And I knew it was going to be dead in the water at that point in time. the first thing I said was, just so you know, if we go into a bare market, I will go to 100% in cash because I am able to read what a bear market looks like.

And she said, no, you can't. I said, okay, and I wasn't going to get into it because I respect the way other people do things. But I made sure I said that up front because I know how the CFPs think they are fully invested. That's all well and good. They got 100 years of history. And I'm not going to take over the accounts. And that's fine and dandy. That was almost my goal not to take them over. But I just want to make the point, just rules of what we do. And still doesn't guarantee anything except, and I'm not allowed to use in my business the word guarantee. But I can safely tell you above the 50 day, good below bad that's all that's all and in our webcasts we show it thousands of times

thousands and thousands and thousands all right on the market did i do the market wrap yet i don't remember in case i didn't i'm going to do it again and if i didn't it's the first time is brought to you by Investment-Dashmottles.com. That's Jim Roerback. One of the great market timers. No gray areas with the man you're either in or out of the market. It's proprietary indicators. Go check it out.

Investment-dashmodels.com. So the Dow is up down 237. Why is that of note? Because 645, that was only up 120 today. So reversed. The NASDAQ, though, which was down 77, hit 14-360. It was up 240. 14-360, that's 3-10. Yeah, we'll call it 240. 235. That's a pretty good reversal. Best way I can put it. That is distribution of a hot open.

Off of news. You had Facebook, you had Lamb Research, which still finished up big today. the semiconductors finished up 68 today and looks like the strength but at one point today the socks was at 3845 was up another 32 and 457 was up 153 now intel good reaction to earnings after the close and the semis are back up a little bit in the aftermarket so maybe they stick and as I go through the semiconductor stocks there's a lot of good moves to Today, though they came off the highs, and we'll see what that means for tomorrow. But today was a distribution day off of a hot open for a lot of things. That's all. Not the end of the world.

The Dow has had a decent run here recently, though mostly playing catch-up, and it was due. Now, I will tell you this. Weakness. You can another little rule. Let's say you have the market up eight days in a row. And then you have one day down. And on that one day, you can find areas and names that are breaking down badly. What rule is that?

Oh, avoid. So we've already told you about the airlines. We've mentioned that the last couple of days. They worsened today. Southwest Airlines got kicked in the teeth today. I can tell you that waste masks. Management stocks kicked in the teeth. Defense stocks.

Bad reactions. Bond market, not very good. Gold has been trying, but they kicked that in the teeth today. And as I do my scans tonight, I'm going to be looking for what got very weak, very quickly. Up next, this, that, and the other thing, or whatever else. This is the one-n-only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Mbeta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. Whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the time? timeline of this technology. There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Contum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com

This message is brought to by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home.

With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the Colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval.

Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for store-wide deals and earn four times the points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions.

You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready. Go. In the Gester's Edge with Gary Culpa. Well, it's just on an off note, it's good to see LeBron James Sun doing better. They're not going to divulge too much, and who knows what's going to come to.

But he had cardiac arrest. I guess he was practicing. Excellent basketball players was going to play for USC, and hopefully he still will. Man, oh man. You know what we think of our kids, right, and to have that happen. LeBron James, you got the world by the you know what's, and then your son, this happens? Just never know. Hope he does well.

And as you know, I'm just a huge LeBron fan. Not even the basketball. Not even the basketball. What he has done with his schools and his philanthropy, love the guy. Never met him. One time I'm in the Venetian Hotel. This is when he was maybe in his second year. year in the NBA. I'm walking with my head down and I'm just I just bumped into something. It was

an oak tree. It was LeBron James. He was that big. I've never met him. But man, oh man, I just love people that have everything and still know to do things for others they need absolutely nothing from. And that's what this guy has done. And don't email me about the China thing and basketball players and stuff. We're just talking about what he does as an individual. Some of you are real weird out there. Anyway, what else happened today? Well, a lot of reversals, as I've mentioned, and what that simply means is they open big and they finish down. I'm going to be scanning that. Doesn't have to be the end of the world. But as I've said to you, eventually the market's got to wipe the smiles off of people's faces.

Maybe today's day. I can tell you I'm bearish on some stocks. I'm bearish on some sectors. Overall, I think we're just due for some settling in, pulling back whatever. Facebook did finish up. Let's see. At the close today, 13.5, I believe.

But, and here's the buck. But 325 was up 27 on the open. What does that tell you? It just tells you the big institutions are taking the mallet out and hitting it on the head. And it does not mean it's the end of the move. It just sometimes things get too hot, too strong, too quick, and they got to settle down. And I've seen in the past where stock gaps up in reverse and then the next day right back up. Remember, nothing's 100%.

But I think that had something to do with today also. Their numbers look pretty decent. Nothing's spectacular. Nothing wasn't like earnings are up 100%. They were up 21%. But it's better than other things. And I'm still trying to figure out the truckers. And by the way, a lot of people emailed me what they think the reason why the truckers have been so strong that yellow freight's gone out of business and they're going to gain from them and this, that. Okay. If that's the reason, that's the reason. Okay, fine. So as we've said to you, now the other part of the equation is we're going through earnings left and right and we start accumulating our list.

of what to avoid, and just remember, it's about the reactions. Why do I say that? I can't begin to tell you how many crappy earnings have gapped up in the truckers that I've mentioned. Some of the economically sensitive stocks. Oh, earnings down 40%. Oh, the stock's up 10% in the aftermarket. We've seen a bunch of that. we've seen good earnings sold off

so again that's why one of Stan Weinstein one of the greatest technicians of all time if not the greatest one of his lines that I you know it's not the news it's how the market reacts to the news market's a forward looking mechanism

so that's how we roll so today not a good day in that The final number is not the biggest deal, but from the highs, something to think about. And what you have to really start doing now is culling, C-U-L-L-I-N-G, culling. If you own stuff that ain't working, if you own stuff in bare markets, you got to start thinking.

And if you have stuff that has had really bad reaction to earnings, you got to think about it. As always, we talk to you. You get to decide. And by the way, if you want to know, we mentioned Microsoft, Netflix, and Tesla, American Express GapD out and is following through the downside. That's another one. Not an important name. You know what Gap Down today?

Crocs! And you know why I say that? I saw an analyst report a couple of weeks ago that you had to own Crocs. It was down 15% today on five times average volume. and that's why we watch stocks. Crocs never really got out of its way here recently, and we don't care, you know, we respect all analysts and how hard they work. If it's in a bare market, we stay away.

And we will only, only look at things in bullish phases. Up trends. It's pretty simplistic. We want the wind at our back, not in our face. and it's a matter of doing what we do. Right now it's 4.41 p.m. as we do this show. Between 3.30 and 4, I scan 1,200 names already. I've already made lists of reactions

and thought process going into tomorrow, knowing there's more earnings coming out. I see N-phase of solar gaping down. I see first solar, another solar, gaping up. going to have to figure that one out tomorrow i'll be on with uh neil cavuto in the noon hour fox business network do not miss that and until then and of course the radio show same time tomorrow you all have a great evening drive carefully hopefully we're helping when you get home do like we do it's quite simple make sure you hug your family make sure you hug your children

they will feel better you will feel better i promise have a great one everybody thanks for joining Peace out. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryKK.com. That's GaryK.com. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

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