Investor's Edge with Gary Kaltbaum - MORE IMPROVEMENT [04.13.2026]

Episode Date: April 13, 2026

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Investor's Edge with Gary Coltbaum. 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 Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's April 13th.

It's Monday. Hope you had a good weekend. I had a great weekend. I was up in New York City. I hung out with my grandson. and those of you grandfathers that have grandsons know what I'm talking about. I could be having the worst of days and I see my grandson no longer worse the day. Anyway, and it was Master's Weekend.

Anyway, all right. In case you don't know, I'm Gary Kallbaum. This is Investor's Edge. This is serious talk on everything that affects you. we will do the markets and the economy and your job in your industry, war, oil, tariffs, corruption. I got a good one fee at the beginning of the show. I'm going to get it out of the way.

And whatever else. And 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 X feed. If you don't follow us on X, you should. Put our name in. if you'd like to email us, you just have to be nice. That's all. Disagree?

Fine. We may disagree with you. Fine. But it's okay to disagree. As long as you don't like Hamas, we're okay. Anyway. So, I'll do that a little bit later. The markets.

I believe it was, and I think we mentioned it last week, That, which day was it? Was it the day before Good Friday? I'm trying to think what day it was. When oil prices were up, I think April 2nd, oil prices were up like $12. I got to get my bearing straight. And the market wasn't down. Remember that day?

It's the day before Good Friday. I'm actually Good Friday date, 26. It was April 3rd. I was correct. Look at that. Every now and then I'm correct. So on April 2nd, you had a big move in oil prices, but on April 2nd, the market was fine.

It reversed. And oil prices were up huge. And then, of course, we got last Wednesday where market gaped up 1,200 points. Up 1,200 points. And NASDAQ was up 800, finished up 600. The story was a ceasefire. Remember that? I guess the ceasefire is still going.

But oil prices have kind of moved up and no deal got done. Our people left. Iran told us to take a flying leap. And overnight, the Dow was down 500. The NASDAQ, I believe, was down 200. Well, oil prices still finish up today, though off the highs. The Dow today, let me put it best. In the morning hit a low of 47-718.

Am I got that right? Could that possibly be right? I got to go to my five-minute window. Yeah, it wasn't that bad. No, I was right. It was worse than that. 47-505. It was down like 400 points.

On top of that, Goldman Sachs was down 40 points on their earnings. That lower the day was 865. Yeah, it was down 42 points. News wasn't great. You had the president taking on the Pope. You had the president putting a picture up, depicting him as Jesus Christ. You had many and both parties ripping him on both. That was today.

Dow finished up 300, S&P 69, NASDAQ 280, NASDAQ-10-267, while oil prices were up. Let me tell you what I think. I'd like you to listen carefully. on that gap-up day we had what is known as a confirming follow-through day. It's just a one-day characteristic in case you don't know. We've told you about it many times throughout the years. And what it is is just that every bullish phase we have ever had started with one.

And simply put, you know how we talk about the roadmaps in the market, bear markets, bull markets, tops, bottoms, up trends, downts, down trends. Well, it's just one of those characteristics that shows up. And typically what it means, the market puts in a low. And then in the fourth through seventh day, from that low, it has one of these big days. It used to be 1% with volume, sometimes 1.5% with volume. but not every one of those follow-through confirming days have led to a bullish phase. And let me tell you how we pretty much know something's not going to work.

Within the first few days, you get some serious selling, some serious distribution. And that's easy to recognize. You know what selling looks like, right? Well, since we've seen no distribution. except for software stocks that were beaten up. In fact, they gapped up on that Wednesday, the gap up, sold off, and dropped big time for two straight days. Two straight days. Guess what happened today?

I didn't see any news at all. The software stocks had one of their best. days in like months. Now granted, granted, that's off a huge drop. Granted, they're all deep in bare markets. But if you watch me on TV today in the 2 o'clock hour I said to Charles Payne, I think we may have a moment here in software. It remains in a bare market, major downtrend, but this is the type of day that could be that moment. So you combine that with, you know, about the semi-conductor breakout. We talked about that last week.

And nothing but good today. Nothing but good today. And you finished at the high of the day. And guess what? typically we would get some taco. You know the taco from Trump. We didn't get anything. We got the usual.

But nobody really listens to him anymore. No, not kidding. Just so you know, I know people that love him that don't pay attention to anything he says anymore on the Middle East because 15 minutes later, he'll say the opposite. And like me, we just hope it works out and we're rooting for them. So all we can tell you, and I just got to be careful with my words, excellent action in the market today.

Open bad, finish good. What have we taught you? Barish phases, you open good and you finish bad. Bullish phases, you open bad and you finish good. And then by the end of the day, it was just a good. a strong freaking day. You had things like sand disk that got added to the NASDAQ 100 and started slow. Finished up 100 bucks and is up another 15 bucks in the aftermarket quickly. As I'm watching, the semiconductors up 150. Up next, much more. Good news. This is the one 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.

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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 Coltbaum. It doesn't get better than this. And by the way, let me give you some examples on software.

By the way, we're not telling you buy himself, them, or cover them. Oracle, stock's been trashed. 345, closed at 155. today and it was up 17 bucks. Maybe putting in about a one, two, three, four, five, six, seven, eight, nine, ten, eleven weeks of retest and maybe now turning up. Maybe. Microsoft was up 13 today. It's a big move. A little tougher. Adobe up 14. That looks like crap. Salesforce.com up 8th. Well, that looks like crap. So I'm going to go through all the software stocks and I'm going to say, boy, they all look like crap.

But they all had a big day today. A very big day today. And I think it's of import. That's the guess. I think it may be a moment. I'm also seeing moves in. They're these two stocks that kind of do the same thing, symbol CRDO and ALAB. They look like on Friday, they were turning up. You know what we mean by turn up? Well, imagine if you're just walking on a floor and then you take a step up. That's what they did on Friday. So imagine that.

Well, let's see. A-Lab finished up 12 today. Excuse me. Finished up 18 today or 11%. CRDO finished up 15 today. Or 12% is up a little more in the aftermarket. Something going on there. By the way, they're artificial intelligence based.

The semiconductors, again, and we can be repetitive here, They were the first things to break out. The first things to break out. The breakout on the S-O-XX was 369. Three days later, it's 393. You want to move? That's a move. The glamour artificial intelligence names had a strong day-day.

Some were down, but symbols like Fix up 2% M-O-D up 4%, FN, 4%, a lot of twos and threes and 4%, in that area. But what else impressed me? Goldman was down 42, finished only down 17. Goldman was the only financial stock on my screen that ended up down on the day. Also, you know how we've been telling you

about these private credit companies, stocks have been destroyed. They may have bottomed. So we think there's a chance here. The worst may be on the bottom and turning up. And now we get to see, will the market test the old highs? It's about 2% below on the S&P. We've said if it's going to happen. Well, it's going to need the semis. It's going to need the software. It's going to need the financials. They all had a very good day today. Simple as that. While oil prices were up. Crout strike up 22 bucks today. Cadence Design up 22 bucks today. Snowflake 13. By the way, these are all in deep dives. All in deep dives.

Maybe a moment. Notice I'm saying maybe. Because they're all in deep dives. And for all we know, it's just one or two good days. And just remember, you just had three real bad days. But you know what we do here. We do the weight of the evidence. Things are picking up. Things are picking up. Things are picking up. did another day of proving itself today. Before the war, the market was range-bound for months. Now we're going to get to see if it's ready to go. And how will we know if it's ready to go? Duh. draw a line overhead and break through that line overhead. That's how we'll know.

Today went towards that. And I must tell you at the end of the day today, very good move in the last few minutes. do you know that the Dow went up, I don't know, like 150 points in the last 15 minutes, I think? If I got my bearings correct? I think so. All indices are above the 50-day moving average now. The small and mid-caps are better than the big. Mid-cap, good day, small-cap, good day. Tomorrow is another day.

We have no idea what happens. We certainly have no idea what's going to happen in the Middle East. The market doesn't give a crap, at least for today. The market doesn't give a crap, at least for today. So write these things down. Number one, well, we already knew about the semiconductors breaking out last week. Just write down, Gary says, maybe a moment for the software stocks that have not only been in

anchor, but destruction. That said, Gary also says they're all going to be reporting earnings in the weeks ahead. And maybe, just maybe, the market

knows earnings are coming out and the reason why these things have been down to other reasons. I don't know. Maybe that's a reach. Maybe that's a reach. I can't complain about a damn thing today. Open bad, finish great as we enter earning season. Goldman Sachs opens bad,

finish not so great, but from 42 to 17 is pretty good. And let me repeat, not one other financial stock was down on my screen. Up next, this, that, and the other thing or whatever else. This is the one only investors at. Harkin. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Welcome once again to Investors Edge. I got a credit card about a year ago. I believe it's Chase card under Chase. And it's one of those airline things. And I just haven't used the card.

and they sent me a bill for another year and I went online to try to cancel it and it showed me no chance of canceling it online so I called up one's number did not give me one prompt to cancel the card I called the second number did not give me one prompt to cancel the card but it does say for a concierge press I think it was five

and the next thing out of their mouth was for tickets on United for hotels so we're just letting you know the stinking at least my credit card they can get you in easy they mark it to you but you can't get out not one prompt

to cancel I must tell you if that is the rule and not the exception. Something should be done. I'm just letting you know my little experience. Very frustrated. They should make it easy for you to cancel.

And I must tell you, I've canceled cards in the past. And it was easy. So I don't know what happened. Did they decide to make it tougher? Something else. The IRS. So, went to file my taxes.

We do it electronically, and for some reason, my accountant lost my pin. To file electronically, you need to have a pin, and he lost it. So out of nowhere, he calls me up. I don't think I had, whatever. But I just want to let you know, the IRS does a fantastic job of letting you re-get your pin. I called up and they put you through what to do and then put you on the website. And boy, do they make you go through a few steps to make sure it's not, you're not fake. But I thought, I'm just complimenting the IRS.

I bet you they don't get a lot of that. I thought it went very well, terrific, got my PIN number, filed easily, all's well. just letting you know a couple things just let you know uh new york city well you know you got the marxist jew hating son of a you know what running the joint but i have to tell you he hasn't uh hurt really anything at this point i do know he's done a couple of things with the police and less and this and that but so far okay okay police is still in the subways new york city's still pretty cool. The Mets suck. Yankees suck, which is, well, the Mets, that's normal. They're the mediocre Mets. But New York City's in, I think, pretty good shape. And hopefully he doesn't

screw things up. I always say about these politicians, do less. Do less. That's what I say about Trump all the time, but he'll never listen to me. What can I tell you? What else? Well, I wanted a segue a little bit. In case you don't know, there's now a move of foot to expel four people from Congress. I'm sure you've been hearing Eric Swalwell, Democrat California, looks like another sexual predator. I think I can say that. Everybody else is. He's not going to sue me. He's being accused by a number of women. He dropped his Whatchamadugi to run for governor. And he was one that was complaining. about the Supreme Court guy. Turns out he's a little sexual deviant scumbag let him rot.

And then you have Tony Gonzalez, a Republican of Texas, an affair with a staffer. They're looking on his conduct. Then you have this Schiller, two Floridians, Sheila McCormick,

actually your name is Sheila churrilous McCormick. Get this. I have a simple question on something like this. How does she still have her job? Fraud. Big time fraud. Steele over 5 million in FEMA disaster relief funds? There's already a federal indictment. The funds were laundered through our family's company. The finance or campaign? Huh. And then there's the one I was going to run for. Just so you know, way back, I was going to run for the house. And then I found out a gentleman by the name of Corey Mills was running.

And he was an Army veteran. I spoke to some Republicans. They say, no, no, no, we're not going to give you any money. It's Corey Mills. This guy has protective orders against him to stay. away from girlfriend that he threatened her and by the way these accusations threatened to release intimate photos and videos and there's a house ethics probe and there's also a physical assault allegation against another woman or as the same woman that's four anyway should be an

interesting week i believe both parties are calling for the swalwell guy go read up about this scumbag. Anyway, I thought I just include that today on a good market day. And, you know, the president, you know, I can't keep ripping him because if he doesn't succeed, we're screwed. So I'm wishing him well. But man, it is, I think Freud would have had a field day with him. seriously. And by the way, I say that with sarcasm,

taking on the Pope. Yeah, I'm going to take on the Pope. That's going to win votes in the midterms. Putting out a picture of you, it's Jesus Christ, and now he says, no, it was just me as a doctor. Yeah, sure. Anyway, the Republicans are going to lose the midterms big time because of Trump. I'm going to say it's 5149 they keep the Senate

that's only because of the calendar and what Senate elections there are if the Republicans lose the Senate too that means they really suck because the Dems have no game whatsoever as bad as the Republicans are I have never seen more illogical doofuses in my life than a lot of these Democrats. Just illogical. On crime, sanctuary cities. Just stupid. Moronic. Embecilic. And that's a little bit of that. I just wanted to, since it was a

good day in the market, I might as well do a little segue on this other stuff. Keep in mind, segwaying back. Oh, we got a few thousand earnings reports to come out. Only a few thousand. Be ready. And I can tell you as Goldman came out and had a nice reversal, tomorrow before the open, you got Black Rock City Group, J.P. Morgan, Wells Fargo. Wednesday, you got Bank America, M&T Bank, Morgan Stanley, PNC Bank. Thursday, Bank of New York, Schwab, U.S. Bank Corps. so there's a lot more to go

oh by the way this week Netflix and Taiwan semiconductor also but the crux of today down 500 finish up 300 NASDAQ finished up

280 finished out the high of the day and the NASDAQ if I am correct the NASDAQ at the open today if I can find that and I'd love to find it Low was 22795

was only down about 100 early on something to that effect just call me impressed very bullish action currently in the market

let's hope it continues up next you will stick with the market and whatever else this is the one only investor's edge You're listening to What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Action! Okay, one, software. Think you got a moment today. The big picture patterns and charts, bearish phase, big downtrends. I think you had a moment today. And I would not be surprised, would not be surprised if the lows of today, the lows, which by the way, it was up about 5%.

The lows of today ain't gone back there anytime soon. The semiconductors, just on a roll, just on a roll. Let's see where we probed in three trading days. 7% yeah, about. That includes Intel. Intel is gone vertical. Next, let's throw number three. We did two semis.

Goldman. And by the way, there's a ton of to report. But Goldman was down 42, is down 17, which is still not good, but not one financial stock on my screen is down today. Four, we have this left screen of lesser tech. It includes a lot of the software, but other stuff, 90-some-odd-percent green today. Advanced declines good, up-down volume, good. What can I tell you?

In the Dow, in the Dow, American Express, up 10, they report very soon, very, very, very soon. But as of today, I can safely tell you, turning up, that was 65 Dow points. By the way, the divisor for the Dow, every point's back. They say between 6.5 and 6.8, I use 6.5. The software in the Dow, Salesforce.com, I'm going to round it up, up 8. Microsoft, up 13. I'm going to, and IBM, I'm including in software because it's been moving with it, up seven. So, 20 and 28, that will be, 118, 180, 180, 180 Dow points.

on names that have been trashing the market today. 180 to the better. And then there's United Health that got a little help recently from the government that's going to pay him more than expected. That was up eight bucks today. About 50 Dow points, a little bit more. And maybe done with its gargantuan bear market crash. Maybe.

Yields fell low. little bit today. And I think maybe the market's following yields a little bit more than oil. Now, it's a very good question. What if all hell breaks loose again? Why do I think it's not? That's my thought process here. I'm always thinking, what does the market know? And then I'm also think, wait a minute, how can the market know what's going to happen in the Middle East? We'll see. All I can tell you when we have these news-driven environments, we have to deal with the market as at hand. We have to deal with the here and now, not what may happen.

and all we can tell you under no uncertain terms, today gave more proof. Today gave more proof of a market that's being accumulated, not distributed. It started three days before the big gap up, but that was very tentative and more or less just a bounce and then the big gap. Rested a little bit, and then today, getting it moving a little bit more.

If anything changes, we'll let you know. Any big news, we'll let you know. But today a day where the news was not good, 500 to the downside on the Dow, finish up 300. What I say, NASDAQ was down 100 plus, finish up 280, and man, just a strong, strong day for the AI, most, the semis. And you know, it was weak today? Consumer staples, I don't care. What do I care about that? In fact, when consumer staples are weak, that's actually good news if everything else is doing better.

And rounding back to the software, it has not been an anchor on the market. It has been a nightmare for the market. Making sure you understand that. If it can stop going down, huge. if it can get going, you're. You have a great evening. Drive carefully when you get home,

do like we do. Quite simple. Make sure you hug your family, hug your children. They will feel better. You will feel better. I promise stay well. Be well.

Have a very good evening. Bye bye. 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.

on.