Investor's Edge with Gary Kaltbaum - NARROWING! [02.05.2024]

Episode Date: February 5, 2024

https://garykaltbaum.com/

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Straight talk about you and your money. Now from the Biz Talk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Kalbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is Monday, February 5th, 2000, 24.

Hope you had a good weekend. It is Super Bowl week, but I don't give a hoot because my Giants are not in it. But there's still a game, and I must tell you, we used to give out football picks, and we won like 18 out of 20 Super Bowls. We won just the playoffs.

We were like 70%. I think we're going to give you out a Super Bowl pick this weekend. There's a certain team we like, and there's also the over-under. There's something we like. So later in the week, We will give out our Super Bowl picks. And I'm just letting you know we're really good.

Of course, we do not believe gambling is a good thing. If you can't afford it, do not gamble. Unlike the NFL, I love all these commercials, draft kings and fandil, blah, blah, blah, blah, blah. But please be careful with your gambling, but... Anyway, I love hypocrisy. All right, in case you don't know, this is serious talk on you and everything that affects you. The markets. the economy, jobs, unemployment, taxes, deficits,

deficits, shams, scams, corruption, immigration, which is now quite front and center, amongst many other things we do cover because the Morlocks have taken over in D.C. in such a big way. And what I'd like to do today is start out with the questions you asked of me all day because, as you know, nothing personal. I am one of the biggest critics of our central banks and Jay Powell. And very simple, nothing personal. We don't think these people have a clue. We don't think they have any understanding of what they have done.

where we are at and unfortunately they are treated as geniuses and we know we're in a weird time and again the only person on Wall Street that I take on is this Kathy Wood because she's an

arrogant she's an arrogant whatever whatever whatever she's down 75% in her main fund from two and a half years ago but she's actually interviewed on so what do you think think about that it's so weird to watch it's so weird

the arc fund hit a high the month of February of 21 three years three years February 19 of 21 we're not making this up hit a high of 15970 the fund it's $45.20. You can add that up. Yeah, it's more than 70%. I don't need my rusty abacus for that. And the same goes for how our central bank is treated. For that fact, the way our politicians are treated with kid gloves, unless it's, you know, one area and the other side.

Who's going to ask Nancy Pelosi about what the hell's going on in San Francisco? go, they don't. She had two national interviews in the last week. You think anybody asked about her own district? That's falling apart at the seams? Hell no. So Jay Powell was on 60 minutes last night and I can't watch it, but I got outtakes. So let me give you a little bit. Well, we're looking to lower rates three times this year. But the interviewer does not do a enough legwork to realize that back in 18, the story was, well, we're looking in 19 to raise rates three times, and they turned around very quickly to lower rates because he was worried about the market. They did not ask him about being completely wrong on inflation. You couldn't

be any more wrong on inflation than he was than they were. Yet he was asked, What does he think of inflation? Really? All intertwines. Hey, Kathy, what do you think of the market? Well, I think, but you're down 70-some-odd percent. Anyway, so Jay Powell says, inflation, this, inflation, that. I have news for you.

I couldn't give a crap what he says. He has no idea. Let me be clear. He has no idea on inflation. Everything they do is hope and prayer. this point in time. Just remember, we warned you about inflation before it hit because we told you it was coming from Jay Powell. Jay Powell never got the blame for the inflation. They put it on the Putin price hike. They put it on spending. It was Jay Powell that lit the fuse. And all you

got to do is look at the main definition of inflation, too much money chasing too few hands or chasing nothing, he printed up to $9 trillion. And then he bought up the whole freaking bond market. He bought it up and rigged rates down to nothing, enabling you to get 3% mortgages. Of course, terrific. But screwing Aunt Mary and Uncle Bob with their savings while he was at it. And creating what we have now. Who wants to sell a house with a 3% mortgage to get one?

I think we're about 6-6 now. We were up to 8. So he's asked about the shape of things to come, and I'm just trying to tell you he don't know. How do we know he don't know? Because we don't know, and we're 10 times smarter than he is. We've been right on so many things. I don't even know where to start.

And the fact that the matter is, we've been saying one thing and one thing only, whenever asked, and on this show, whenever asked on Tube about J-Pel, we say you should ignore him. just watch the 10-year yield. Don't worry about what they say, what they do. Just watch the 10-year yield. Just realize that they were completely wrong.

When interest rates skyrocketed, he stayed at zero. He was completely wrong, didn't see inflation, didn't know anything. And then finally had a play catch-up when all hell was breaking loose. And now he's up to 5.5, and that could be right or wrong, I don't know. But don't worry about it. Watch the 10-year yield. It dictates markets. And how do we know?

Because we see it. In our webcast, we consistently show interest rates go up, the dollar follows with it, market comes down. Interest rates come down, market goes up. When we bottomed in October of 23, it was it 22? I'm already in 24 now. That was interest rates coming down. From July to October of last year, interest rates spiked.

Market got trashed to the Russell 2000. being at bare market lows. On end of October, interest rates went from five down to three point whatever. Market had a monstrous two-month move. Guess what's happening now? Not Jay Powell. Couldn't give a crap what he says. What's going on now?

Yields are spiking again. And along with that goes the dollar. And go check for yourself why the dollar goes up with yields. I don't want to put you to sleep. So we're just letting you know, spiking. In the last week or so, we've had a couple of days where advanced declines were terrible, but the AI stuff working pretty darn well. Certain areas in trouble.

We've been naming them for you. And as more and more show up, we're going to tell you about it. I got a couple of more for you. So the most important thing I have to tell you is not anything Jay Powell said. It does not matter to me. But everybody was quoting him today. Couldn't care less. What matters to me is the 10-year yield went to 4.164 today up 1.31.

That's what matters to me most. Two days ago, it hit a low of 3.187. That's one hell of a spike. What matters to me also is it's back above the 50-day moving average, the declining 50-day moving average, which defined bare markets. Now that you're above does not mean you're going higher. It just means you have the opportunity to. And if interest rates continue to go higher, that could be a problem.

If the correlation stays the same. You know what the correlation is. Again, interest rates up, mark it down. Well, guess what? Excuse me. Before I give you the numbers, let me give you the advance declines today. On the New York, 790 up. 3,229 down on the number.

New York. On the NASDAQ, 184 up, 3,1004 down. A terrible, miserable day for the broad market. The Dow was down 430 at one time, and before the close it was down like 180, still finished down 274. S&P, only 16, because the NASDAQ only down 31, NASDAQ 100 only down 29, and the SOX was up 51. Why? The Nvidia, up 35. today. We'll get to that in a minute also. But we'll stick with this. I'm Gary. This is the one 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, 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, we'll 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 888-4-22-5-5-9.

That's 888-422-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not. not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where,

oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication, and then at that point we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other,

means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo's stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply.

See terms at Venmo.com. Sash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeena,

it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins, stay vital. Learn more at VitalProtines.com. 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.

Last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, I was asked today if Jay Powell's saying we're not lowering rates now, is that affecting the bond market? Remember, he only handles short-term rates. Is he influential on the longer-term rates? Maybe. Don't care.

What keeps us out of trouble is that. deal in reality, dealing with outcome. And all we know is the outcome is you had a spike in yields today and the market got hit. Should have been much worse. Could have been much worse. The NASDAQ could have been much worse. But guess what? That AI crap taken over.

Remember the Nvidia, we put out to you at 505. It's now near 700. Close at 696 in the aftermarket. That's super micro, SMCI. Holy crap. Up another 83 today. Broadcom was up 19. The semiconductors are up 51.

With the Dow down 274. Narrow market. Guess what? We follow the narrow markets. We made hay. Facebook Friday pulled back today a few. Still way up. But we narrowed more today.

New yearly highs on the New York, 88. New Yearly Lows 101. New yearly highs on the NASDAQ 89. New Yearly lows set 193, and we know those new yearly highs aren't really new yearly highs because there's a bunch of non-operating companies there. So we're just letting you know,

we're in the right places. Broad market may be getting into some trouble. I will tell you this. Here's the good news. There's another area that's breaking down. On a near-term basis, and that is metals and mining. You can go look at the,

XME. It's an exchange traded fund. And you can go underneath the surface and look at B.H.P. And Rio, amongst others. So there's that. You already know about utilities. We've been telling you avoid utilities. You already know about China and the solars and the gold miners and silver. You already know about those. You know about the regional banks. We told you about the regional banks. It topped out Wednesday and really got hit Thursday and there you are dead money for the second. That can change. But our job is to recognize the start of something, not knowing the duration of something. Because we don't.

So we're just letting you know you got that. And now you got the metals in mining. Is there anything else? Yeah, I think so. Well, you got the airlines too. not bad, no real help, and some are better than others, I can tell you, Sky West looks great. Regional airline here. Ryanair, low-cost airline out of Ireland.

Looks great. Others, looks like crap. Go look at Alaska Air, horrible. Looks terrible. Spirit Air just crashed because the morons in the department here in government won't let them be bought by JetBlue, and they'll probably end up going bankrupt. That's a guess. So I would say the airline's not so good.

The cruise lines have topped. Now there's only three that I follow, but Carnival is topped. Norwegian is worse than Carnival. And the one that's best is Royal Caribbean. That's on the verge. We'll see. And by the way, that's simple. You can just see it.

And then there's today. I've yet to go through my skin. There's some housing stocks that have topped. Auto dealers, a bunch not in good shape. Managed care. Humanistock just crashed. Cashed. United Health in the managed care?

Bad. Others are a little bit better. So notice we're telling you, hey, just letting you know. But the good news is it's not everything. Others are just pulling in. And there's still leadership. And we'll see where that leadership takes us. We're just letting you know it's narrowing.

It's just narrowing. and some big names again. Imagine the NASDAQ only, by the way, the NASDAQ went to green at one time today. The NASDAQ at one time today hit 15471. Was down at one time today, 160. And then it was green because of a select few names. Fortunately, we got them.

We'll see what tomorrow brings. I will promise you a couple of things. Oh, one other area. the crypto areas top it. We're talking about the Coinbase and some of this other stuff definitively topped for now. If that changes, we'll let you know.

So notice we're able to tell you, oh, there's some more. And of course, there's individual names in the Dow. McDonald's croaked today. 3M recently croaked. Nike Gapped down. FedEx and UPS gap down. Cisco's topped out bad time. That's the Dow.

FedEx UPS, not the Dow. so we'll see just letting you know it's getting narrower we don't mind narrow because we know where the big money's flowing and sometimes when the big money flows into a narrow area they really go they really do go

but just letting you know again and this is from the outset pay no attention to Jay Powell he's about as overrated as can be just watch the free market that he doesn't like He took it over. Just watch the free market.

And I will promise you this. They're talking about not lowering rates to catch up until the summer. I can promise you if the stock market does some croaking, they'll change their mind. But for now, pullback in a bunch of areas, still strong in the semis and the AI. Eli Lilly was up 38 today, even though they report earnings tomorrow. Somebody made a big bet. they better have big numbers tomorrow NVO Novartis is another one that sells that stuff

you know the weight drugs that's new yearly high but just a lot of ick today overall transports down 113 they don't look so bad the small caps the Russell 2000 ooh what happened there

the Russell 2000 at the close today was much worse finish below the 50-day moving average and is under some pressure. Small caps. And of course, that has to do with regional banks that are the Russell 2000 laden with them. And just smaller issues have not led the big in quite a while. We know that's going to eventually change. We'll be ready if and when that changes.

I take that back when that changes. It ain't here yet. So that's a little bit of today, ladies and gentlemen. We have gone past a lot of earnings, but there's still, I think, about a thousand earnings reports this week. I can tell you, Caterpillar finished up six. It was up 14 on a gap today. Then was back almost a flat, finished up six. Estee Lauder was up 16 today on a gap.

It was up 26. On a 43% drop in earnings and a 7% drop in sales, but not as bad as expected. So there's some things moving back and forth. Hey, up next, this, that, and the other thing, and whatever else. I'm Gary. This is the one that only investors edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria

Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio.

Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you're, you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply.

See terms at Venmo.combe. Max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeena. It's a clean, delicious way to fuel your day. So you don't just age gracefully.

You age powerfully. Vital Proteins. Stay vital. Learn more at Vital Proteins.com. 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 Carl. Those highly recommended. You're going to feel better if you talk to. Those that follow us know that I love England. I love the United Kingdom. I love London. I've been there more than a dozen times just recently. And I am one that can wake up at 7 a.m. there and at 7 p.m. I'm still walking, London. in between getting a matinee, a play. Last time I was there, I saw the dude from Billions, the Redhead.

And John, the guy from the, what's her face? What's that comedy show? The show was American Buffalo. Darn, what's... Roseanne, from Roseanne. I just think it's just a wonderful place. I've played golf on many of the great courses around England from north to south. I've been in Manchester up there.

I just think it's magnificent. And I heard today that King Charles has cancer. We wish him well. The monarchy there is treasured. And I know there's some people that complain about it. And I'm not going to argue the point. And then the money and all that stuff while other people are poor. I'm not going to argue that right now.

Let's just hope it is not the bad cancer. I hate putting it that way. I still remember a curb your enthusiasm show when Larry David was talking about. Is it a good cancer or bad cancer? Yeah, I think it's all sucks. Anyway, we wish him well. And, man, oh man. And Kate was in the hospital for a few weeks, I think, for some.

surgery. I don't know what the heck's going on there. Anyway, that was the news out of there today, ladies and gentlemen. And maybe out of this, they can mend the family. I hear what's his name, Harry's flying over there and has already spoken to his father. That would be nice. Anyway, just wanted to cover that. I just love it there. I'd live there. I think it's. I think it's It's just a terrific place. And man, such history. Such, such history. All right.

We segue. Because I don't know what else to say on the market except to say it is definitively narrowing. But I really, I went through, I did one of my scans today on a daylight today where a lot of things are down. On a daylight today, I'm looking for, I'll start with the worst stocks. I'll start with the worst stocks. and I'm looking to see are there any breakdowns on the moves in stocks? And the good news is I did not see a ton. I saw mostly pullbacks, but potentially the start of, potentially.

And there's a bunch more earnings to come out this week, just so you know, and some important ones. Amgen in the Dow, DuPont in the Dow, KKR, Spotify, Alibaba, Hilton, which has been a strong hotel stock. Disney and the Dow, you know how bad Disney's been. Uber reports Uber's been a strong stock, so there's plenty more to go. And I will promise you, we shall be on top of everyone and all the reactions, ladies and gentlemen. In the news, Boeing.

talk about Murphy's law. Well, I really can't say that because Murphy's law means there would have been another tragedy. And boy, oh boy, did they dodge one, as I've said. If that door came off and they were 10,000 feet higher, I can't imagine. If there was somebody sitting in that seat right at the door, forget it. Boeing just found another problem with the 737 Max fuselage. misdrilled holes on spirit aerosystems fuselages will require work on 50 more jets and could delay deliveries. I fly Boeing every 10 days up to New York and back on Delta.

Never had a problem. Anyway, do I have to keep fingers crossed now? In the news, I took the SAT when I was in high school. school going to college, I thought it was the stupidest test on earth. When I was done, I was saying, how does this measure me? Some of the questions Einstein couldn't figure out. Anyway, I didn't realize a bunch of colleges blew off the SAT requirement in the past. Well, they're starting to bring, Dartmouth announced they're bringing it back. I still don't get it. You all take the SAT, right? Does it really tell anything about you and getting in college?

Maybe I'm whining because my score wasn't that great. Anyway. Hey, in the news, well, this was not hard to predict as we cover the United States. San Francisco is hit by another huge blow as residential property market begins to tank with investor landlord ditching 459 homes across 12 buildings due to plunging occupancy blamed on crime. Nancy Pelosi's district where no journalist dare ask her about her district. In the news, well, I guess they have not learned their lesson. I guess they don't give a crap.

I'm not making this up. After everything that went on with Harvard, they're going to host a Hamas-loving professor who defended Hamas's October 7th massacre in Israel to speak. He said, I am shocked the world as shocked what happened on October 7th. Today is just a normal human struggle for freedom. Yeah. Raping a bunch of women and then shooting them in the head and then sending the video to family,

burning human beings to a cinder, blowing them up, shooting them on sight, without abandon, and not even caring whether they're Muslim or not. Yeah, that's fighting for freedom. You ready? Harvard's going to have them speak. What in blue hell is going on with Harvard?

I mean, why don't they just put up a swastika on their flag? because that's what they're showing every day. First hiring these miserable anti-Semites and then this? Yeah, sure, bring them on. I bet you if I wrote to them and said, I want to speak there and talk pro-Israel, they'd give me the anti-Semitic middle finger. Unbelievable.

Hey, in the news, hey, we're back in the Bay Area because we have been listing all these retailers that are getting the hell out of the way, or escorting their people, employees, escorting their people to their cars. Well, Trader Joe's now, the shoppers are now being warned of a new crime trend as cops have to tell customers to stay vigilant.

Denny's in and out just went by-bye in Oakland. And why do I bring up these things? We're starting to see it in more and more cities, kids. it's all I can tell you. Like this one, Providence, Rhode Island. Never been there. They are now approving an overdose center. They are now going to mimic what they've done in places like Portland

that have turned into drug addict alley, as well as places in California, where they basically say, yeah, come on, we're going to let you just keep doing what you're doing. Not prevent them. Keep doing what you're doing, but at least we'll be watching you. I mean,

I call myself Mr. Logic, and I have Newsfea. It's easy to call myself Mr. Logic when we see what these other people and cities are doing. I mean, New York City? I mean, what in blue hell? D.C.?

It's the Wild West there. Up next, we'll try to do some positive things. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman. Host of Beyond the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like, lifestyle where, oh, yeah, you know, I just have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Here the full conversation, plus some fascinating facts about how gut health

affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and iHeartRadio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply.

See terms at Venmo.combe.com slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carraguinen, it's a clean, delicious way to fuel your day. So you don't just age gracefully.

You age powerfully. Vital Proteins. Stay vital. Learn more at VitalProtines.com. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! Investors Edge. With Gary Culpa. Oh, I forgot. New York City now has a new plan. You ready? I'm not making this up. They're going to take taxpayer dollars.

Just remember. Governments have no money. It's all taxpayer dollars. They're going to give the migrants prepaid credit cards to buy food. Not their homeless Americans that are on the street, but the migrants that came over illegally. $53 million, they think it's going to cost. But they say by spending the $53 million, it'll save $600,000 a month. Have you ever heard more bull crap artists in your life? Yeah, we're going to spend $53 million, but it's going to.

to save us. It's just like Joe Biden saying he lowered the deficit by 1.7 trillion, even though the deficit is up 2.7 trillion in the last year. Oh, government. Government, government, government, and I must say, both parties are pissed off at New York City. They're insane. It continues to be take care of the illegal, defend the illegal, pay for the illegal, and screw the citizenry. And remember, we're the most pro-immigrant people on earth, me, my family, pro-immigrant, but controlled the right way. Our best friend in life came legally, spent time. money, sweat, tears, and became an American legally.

What do you say to them? And the ones that are still coming here the right way? No, bad move? Because if you come here the other way, these people are going to kiss your butt and take care of you. They keep giving me the ammo to talk about it, ladies and gentlemen. They keep giving me the ammo. And you know what I'm finding it also in Oakland?

There are two gas stations right at the airport that are getting a ton of the carjacking. If I'm the Oakland mayor, I can stop the carjacking at those two gas stations immediately. But they don't. But they don't. But they don't. On the good news front, we're going to harken back, NVIDIA. We gave it to you on a silver platter. On Friday the 5th, because on the 8th it broke out at the 506 number we told you about,

it's $694 in a month. 506 to 694. Remember what we told you. It is the best pattern we have seen in a very long time. It is arguably the number one stock in technology that moves things right now. Not the biggest. And an institutional favorite that if it breaks out, we expect some point. on the scoreboard and we also said the longer the range before it breaks out

potentially the bigger the move what was a six-month range breakout 506 to 694 in the aftermarket right now and then there's super micro that's another one it did better 360 358 was the breakout two and a half weeks ago it's 664 as they raise numbers like insanity and as we told you we We admitted to you. We missed it. Because in the first couple of minutes, it gapped open. It was 560 on the gap.

And then all of a sudden it opens at 540. And we're like, okay, what's wrong? Within five minutes, it was 580. And I'm thinking to myself, all right, let's hang. Excuse me, 380. 340 to 380. And before you know it was 400. And I'm like, okay, I'm going to wait for a pullback.

The next day it hit 480. it's 665 I have wrote a book to myself on this one in making sure this does not happen again and let me tell you the other part of the equation two parts number one it's AI so already known about

Nvidia and a couple others one plus one equals two and number two we know the stock we also get a feel for how stocks trade we thought it was going to be quite a move well it was much more than we thought.

Anyway, that continues today. Stunning. Rarified air. Absolute rarefied air. Which takes me to Apple. So, before earnings, we said to you, if Apple gaps past 200, just like NVIDIA,

buy the heck out of it. It will never be as fast as NVIDIA because it's so gargantuan. Instead, Apple gaped down. that day but early in the morning when it was down five or six we told our peeps because we know the stock very often Apple will gap down while the markets in good shape for the technology and reverse and if it does it would be another time that it reverses right at what we call long-term support and that's the 200-day moving average big long-term support and it reversed today

Today, it finished up $1.83. It was up $3.40. We have not bought it yet. But I want you to stay tuned. Because the first part about getting going is being defended. And then we'll look for some heavy volume moves through resistance. We are nowhere near there yet. We're hoping it gets there.

Apple's had a lot of downgrades. By the way, we don't own it. but we hope it gets there. Potential for the setup. We had the first part right, but really can't play off of that because it's still in the midst of now seven months of trading range.

If it continues to improve, we'll tell you. As always, we're not going to tell you to buy, sell shorter cover. You get to decide all of that. We just tell you what we think. So, going into tomorrow you have a good evening drive carefully

oh i didn't even talk about cody roads in the rock we'll do that tomorrow and when you get home make sure you hug your family make sure you hug your children they will feel better you will feel better TV tomorrow I am unsure we'll know in the morning you won't have a great night peace out bye bye this has been investors edge with gary cult bomb on biz talk

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