Investor's Edge with Gary Kaltbaum - NARROW LEADS TO [11.04.2025]

Episode Date: November 4, 2025

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That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. 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 Colbom, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It's November 4th. It's 2025. Hope you having a good day. I want to thank Adam for doing the show yesterday. We were thinking we were having travel hell flying back from New York to Florida. And it worked out great, actually, but we could not do the show because of timing.

Again, thanks to Adam. Ladies and gentlemen, there are moments in time where we have a lot to say. And then we're moments in time we really have a lot to say. We really hope you have been listening carefully to us over the last, especially 60 days, especially the last 60 days. We don't screw around here. We don't pretend to be the greatest. We don't pretend to be the worst. But what we do tell you is we work very hard at understanding and recognition when markets go to extremes, especially, and when there is a chance to lose your arse. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our ex-vee and you don't follow us on x, you should. And one day we'll try to do something about that. We never really

marketed and stuff like that. I will tell you we got to 90,000 followers and then Twitter kicked us off one night because I said Bernie Sanders' economic policy was communist and they brought me back on. I was missing 60,000 followers. That's before Elon, by the way. Okay. And if you don't get this radio show, we'll post it at GaryK.com. We'll post on our X feed. As I said. And if you'd like to email us, just be nice. And it is serious talk. We will cover the things that need to be covered.

And ladies and gentlemen, where am I starting? A few weeks back on this show, to our peeps, on our TV appearances, we have been noting how a craplode of companies that have no sales, Let me repeat that. No sales. Let me repeat that again. No sales. We found one company, don't ask me how, involved with nuclear, they call it, this is from the company,

nuclear fuel technology. On their website, it says fuel is the secret of nuclear energy and all that. And the company has been a public company for 25 years and has never had sales. And I was just thinking, I said, how is that possible? Well, it be. And guess what? In this latest foray into anything nuclear, the stock went up from 6 to 31. even though for 25 years no sales people would take their hard-earing dollars and speculate.

And of course there are plenty of nuclear stocks that went along for the ride with no sales. And when I use the little sarcasm, I actually mean it that if your son or daughter went on to the sidewalk and started a lemonade stand and had sold one cup of lemonade they'd have more sales than a bunch of these companies yet we found one company at the high and this company describes themselves as designs and deploys advanced fission power plants terrific with no sales it still has a 16 billion dollar market cap with no sales but just three weeks ago It was 26 billion. And of course, the stock has gone from 194 to 112.

And who warned you? About nuclear? Quantum. Rare Earth was the latest. Did I tell you what's happening there? Here's one that went from 100 to 54 in three weeks. Here's one that went from 16 a quarter to 6.5. in three weeks. We're not making this crap up, ladies and gentlemen, and we warned you.

Here's one that went from 32 to 11 in three weeks. Here's one that went from 44 to 16 and change. Massive losses in these areas. What did we tell you? We don't know when, but ultimately, eventually they all go back to where they came from if nothing changes meaning if they still have no sales and we're not saying that some of these aren't going to be big winners just don't know but for us and you we deal in real time and they've still had no sales and then when i tell you this is company 25 years with no sales it's stunning. That's number one. What's happening is that froth is coming off quickly. We did not know when. We didn't know it would be so soon. We don't know if they're going to rally them up again. We don't know if the more announcements are going to be made. We don't.

What we do know that is eventually, if nothing changes, they're going to go back to where they came from and as we have told you how do we know this we've studied every freaking bear market every one of them we've gone back we've spent hours upon hours we have the lists of the worst and the best throughout those markets and there was one constant in the bear companies that lose money got squashed that's number Number one. Number two, companies that have no sales, forget about it. That's where we start today. What's up next? Well, the narrow. We've warned you. Hey, all, we're just letting you know that eight stocks are 70% of the NASDAQ 100. Eight, that makes 92%. stocks, only 30%. Those same eight are 38% of the S&P. 492 stocks are 62%. That's asinine. It's ass a 10. It's ass 11. Narrowing concentration. And what have we told you about this narrowing concentration?

What exactly have we told you? Oh, it's simple what we told you. There's always an eventuality on that. If it keeps narrowing, eventually they get the good stuff. Why? Because they held up. They're still in profit. And it's what's left for the institutions to sell. Simple as that.

And how do we know that? We've studied the narrow markets. 21, 22, on a daily basis, we were telling you about the narrowing of the markets. In 08, we were telling you about the narrowing and the big-time-lagging financials. The NASDAQ was down 537. Excuse me, NASDAQ 10537, NASDAQ 486. The semiconductors smoked all. So, guess what's lead?

Semis are down 3.6%. I have no clue what happens tomorrow. I know what happened today. Up next, we'll keep covering it. This is the one to only Investor's 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,

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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 welcome once again to Investors Edge.

So I hope you all not woke, as they say. I never use that word, but in my world, there's this line that in bad markets, eventually they get the pretty girls. That's a line from my business. And the pretty girls are the strong stocks. the strongest of names, the leading names. And as we have explained to you, at the highs, the great names are over-owned, over-loved, over-leveraged, over-priced. Why do they get that way? Because they've performed.

Stocks go up because something good is going on normally. Of course, as you know, we've had the froth in speculation. But there's a reason why great stocks do what they do. There's a reason why. Growing earnings, growing sales, strength. Simple as that. And then you get towards the end of the cycle, and then that's where potential trouble,

because massive amounts of stock is owned, by the big institutions. And when things turn, there's only one thing left. Sell. And guess what happens? So today, you had some of that. Is this the result of what we've been telling you on this show about how narrow things have been? Answer is yes.

They got the pretty girls today. To what extent we don't know? We do not know. Does it last? Does it stop? Don't know. What we do know is, on volume today, the institutions were lopping off the pretty girls, the strength. And our job now is to measure. Look to see where support levels are. See if they get taken out. If they hold. Which names do it, which don't. and take it from there. That's it. What else we're seeing besides the froth going is the weakest names. Remember we tell you we have this left screen?

It's a screen of not strong technology stocks, with some that have been absolutely blasted. Well, they worsen today. Pretty damn good. So when the weak keep weakening, not the greatest the signs. That's all. So rough day.

Where did the money flow today? Well, we told our peeps that the money's going to flow into boring value, low beta stuff. And throughout the day, what has been a weak area? Insurance, they bounced it.

What has been weak, restaurants, they bounced. A couple of good reactions in earnings. But as I look at the charts, down 10 up 1 doesn't cut the mustard they bounce the medicals fine medicals are defensive and a few other little things they bounced drugs McKesson Eli Lilly they bounced those and we'll see what tomorrow brings but man today was on the icky side best way I can put it We're through mostly earning season, and we'll see what comes next.

By the way, there was some great earnings reactions today. Expediters. That's in the transports. Up 13 today. 11% breaking out. Marriott was up 8. Still weak. It was up 8.

How about San Mena? Symbol S-A-N-M, contract manufacturer, up 23 bucks to a breakout today. Wink Stop was up 20 bucks after dropping 200 bucks. Yum Brands! Pizza Hut Taco Bell, Kentucky Fried Chicken, up $10 today, 7%. So you had some good reactions. We'll take it.

We're just letting you know. The stuff had been working, got raided today, got a few things really breaking down. But most things just, pulling back hard and we're going to watch for support levels what else did I need to mention hope you listened we told you to avoid any new commitments to the crypto we told you that it had topped we had told you it's trading below

resistance and that all-important 50-day moving average in spite of them telling us Do you know there's one guy that went on TV yesterday that said Bitcoin, this is what nauseates the living crap out of me. Does crap live? Somebody who's respected went on a certain channel yesterday and said it expects Bitcoin to be $150,000 by the end of the year. That's two months. He's telling you it's going to be up like 45% in two months. You know what I'd like to do to that guy? No, not that.

Get out the Super Soaker. What the hell's the matter with that person? They hit Bitcoin hard again today. Break in below the 200-day moving average. Very surprising. Typically, the 200-day moving average, the big support level, will get defended. Went through like a hot knife and butter. We'll see if tomorrow's better.

Ethereum, the other one, smoked. So the crypto. And remember what we told you about crypto. In the last bare market, the big investment bankers were telling you there was dog crap. Now, it's accepted. Yes, it's here to stay. Unless they drop 50 to 75% again and they change their mind. We'll keep you informed.

Just letting you know they came after the crypto. And you're welcome because micro strategy, which, by the way, I didn't even realize, It's now called strategy. Another new load today. It's only gone from 457 to 247. Sure. Keep borrowing money and issuing stock and buying more Bitcoin as it goes lower. What a strategy.

They call themselves strategy. We can tell you it's in a bearish phase. Up next, the numbers that are a bit. Big wow. This is the one to only investors' edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed

for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.

Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your first? Wallet, Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker, the platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio.

If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

We're listening to America is talking. Investors Edge. with that the crowd is just on his feet here he's a Cinderella boy with Gary Kulpub comes highly recommended you're gonna feel better if you talk to him so we've been telling you about the narrowness we've been telling you about very poor advanced decline days we have been telling you how many stocks are trading below the all important moving averages while the indices were up at the yearly highs. We've been telling you how there's how many new yearly lows are you ready for today? So you had a bad day today. On the New York, it's

showing 41 new highs, 144 new yearly lows. That's amazing. And of course, of those new yearly highs, the 41, there's some non-operating companies. So as I look at the number, it's really about 25. On the NASDAQ, it's even worse. New yearly highs? I got a few. No doubt. Not many. 67 new yearly highs. 27 new yearly highs. 27 new year lows say what this is one day off the highs it's one day off the highs of the market I'll be it a rough day so I want you to think about this let's use the NASDAQ the NASDAQ low was 14 784 it closed today at 2334 one day off the highs yet there's 274

at New Yearly Lows, which is basically below the lows of 14. You get my point? The internals of the market suck, and they worsen today. With some kickers, we're seeing breakdowns, good breakdowns, in the AI energy names. For example, GEV. TLN and the like. We're seeing the German Dax break the 50 day and living below it now, not unimportant.

We've always wondered how's the jacks going up. They're like in a recession. Advanced declines today, for every 13 stocks up on the New York, 31 were down. Just put a couple of zeros after that. on the NASDAQ for every 11 up, almost 35 down. Stunning. If you ask me. Now I know there's all this talk about bubbles and AI.

Let them, whatever. We just deal in real time. And today, the areas of tech AI semis hit a nice little air pocket. tomorrow's another day. I am noticing AMD reported is down six bucks in the aftermarket

about 16 for the day. It was down 10 today. That's one that we watch. That's had a big move off of news. Not even earnings. And then there's the Big 8. We're letting

you know of the Big 8 meta, bad shape. Microsoft worsening but hanging in there. Amazon, strong off of earnings and news. Apple's acting okay. Broadcoms come in in pretty good, though. Google, it's pulling back, but that's been strong. Nvidia dropped below the big 200 today, but that's been strong.

Tesla was down, that was roughed up today for 24 bucks, but still hanging in there. So six out of the eight, good to hang it in there. there that eight 70% of the NASDAQ 100 and 38% of the S&P we will be paying serious attention to all that and if anything changes we'll let you know but you were warned based on our years of study of the markets if there's anything anything we helped you on as those frothy little no sales whatever's that are down now in three to four weeks I'll say 30 to 60 percent

and those tout artists all of a sudden have shut up and they were touting you all the way up regardless of sales and now they've shut up one last thing on Palantir earnings came out down 16 to half today let me make a couple of things

very good earnings and sales growth matter fact accelerating earnings and sales growth but as we have told you they have less than four billion in revenues and even at the drop today 452 billion dollar market cap you're paying 452 billion dollars for a company with less than four billion in sales do I need to repeat that in markets, valuations, when things get roughed up though, what do we say? The curtains come down and then uh-oh moments. Want you to remember that. Curtains are coming down right now. To what extent we don't know. We've warned you about the vendor financing where companies are giving money to other companies who are buying the product of the first company that happened in 99,

something we're thinking about. We're not so sure it's a big deal as of yet, yet. And that's today in the markets. That was down 250. We'll always hold up better when the market drops because of a very low beta-ish type. S&P down 80, NASDAQ 486, NASDAQ 105-37. The semiconductors down almost 300 today. Oopsie. But there weren't good reactions to some names. And we'll keep paying attention to them.

Money flowed into defensive areas today. We have no clue about tomorrow. We'll be ready. Or something like that. And again, AMD is getting roughed up a little bit in the aftermarket, but not much. Up next, what the hell is going on with this world? What is going on? We're going to have to cover things that we shouldn't have to cover.

People that are getting platformed. The biggest pieces of crap on this earth, getting interviewed, on TV, like there's something in somebodies. Why does it matter? Oh, it be mattering. And Dick Cheney passed away. Ex-vice president. I think he was Secretary of State before that. Want to cover that too.

But the big story today, roughed-up market. Golden Silver, no friend either today, by the way. That remains in a void to new commitments. We still think that's in a bull market. We'll be ready when we think it gets defended. and when it turns back up. We're past most earnings. There's still plenty, but the big ones are gone.

Up next. What else is going on? This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick draw fly is a game changer.

With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit.

for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details.

This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen,

Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more my... microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investers Edge with Gary Kaltba. And welcome once again to Investor's Edge. So as you know, we don't hide our feelings here. We cover everything. We think a lot of things matter. That may not.

be exactly on the market and stuff like that. Dick Cheney passed away. They had NBC had Andrea Mitchell cover it. You know, talked about Dick Cheney's life. Andrea Mitchell is a lefty hack and a biased one at that, but NBC had no problem spending a couple of minutes. She might as well said Dick Cheney, the devil in disguise, we really don't hate these people enough. They couldn't just say ex-vice president, I think he was Secretary of State, had five heart attacks early on, lived to 85, father, husband, family man, love hunting, actually shot somebody by accident in the face out hunting, you could say that.

No Andrea Mitchell decided to He's the devil He did this and he did that And he did this and that Blah blah blah blah blah blah blah I was wondering if she was about to say He joined Hamas or something

That happened today I'm so sick And just remember we cover the media Because they hate you They don't care about you They're driving an agenda and it's unfortunate. Speaking of that,

as I have explained to you, Israel, and I've been there plenty, I know it well. I don't know what's happened out there. We know that the next mayor of New York City hates Israel and hates Jews and has been lying about it for three months up to the election.

A new video came out seven days after, to Israel attacked, he was cursing out Israel, to be expected. The New York Times, anybody hear about this guy, Nick Fuentes? This scum of the earth, I'd say it to his face, has been quoted loving Hitler and Stalin. He's one of those. That bad. He's getting interviewed by people. people are platforming them imagine he said he's a big fan of Hitler and Stalin

and unashamedly I don't know what's going on New York Times front not a front cover but an article Nick Fuentes was Charlie Kirk's bitter enemy now he's become his successor the New York Times is trying to tell you that this rat I can't say the words is going to be a successor to help run the youth in the Republican Party?

They only hope. I don't know what's happened out there. Truth be damned. I don't know what's going on. I'm trying to formulate, is there anything one can do about this? The BS that's being spewed, the hate that's being spewed, a whole religion marginalized.

The media, do you know what's going on in Nigeria? And the absolute murder and executions in Nigeria and other countries, Sudan? And Hamas in Gaza murdering Palestinians? Do you know there were a free, free Palestine people out again? No, no, no, not to free them from the Hamas that's executed, from Israel that's gone, left. I feel like we're in the midst of watching a remake of one flew over the cuckoo's nest. I don't understand.

And then you have these outfits and hey, First Amendment, they spend their days. Jews, Jews, Jews, Israel, Israel, and of course they're not complimenting them. While so much else is going on, and you know what Israel and Jews are doing right now? mining their own business, producing, creating, doing good things. There was an earthquake. Israel sent a bunch of people and a bunch of supplies. That's what they do. A great democracy.

Capitalistic society. So I'm just watching this from afar. And for the life of me, I don't know what the hell is going on. I'm hoping for better days. That's the only way I can explain it. I'm going to try and do my part. I don't know where we went off the track. I don't know how we get back on the track.

Hard work. Love, respect, upward mobility, philanthropic. And we have to discuss this. A son of a bee that says he's a fan of Hitler and Stalin. And he's getting interviewed. like he's somebody he's dirt hopefully better days ahead

as far as tomorrow probably got some more downside to go we're not in the big camp yet that all heck's going to break loose but certainly plenty of areas already have stay tuned you'll have a great evening drive carefully when you get home

do like we do quite simple make sure you hug your family make sure you hug your children they will feel better you will feel better I promise they will be well be well Well, I even thought it was Monday. It's Tuesday. Good night, all. Until tomorrow. Bye-bye.

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 GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer.

With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect. Like a $300 annual Capital One travel credit for less than you expect.

Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.