Investor's Edge with Gary Kaltbaum - Reversal The Other Way!

Episode Date: July 18, 2022

More Info At: http://garykaltbaum.comMore

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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. 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 Colpom, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's July 18th, it's Monday. It's 2022. And as you know, this is a show about everything that affects you, your jobs, the market, the economy, employment, you name it, we cover it.

Not until about 2,000 mids, did we really start to realize that we are dealing with headwinds that have only got bigger and bigger and bigger. I take that back. gargantuan and gargantuan and gargantuan as we move through the years to the point where and we're starting off this way because I must make a point where today about 1.6 billion of our tax dollars went towards interest tomorrow the same every day going forward and it gets bigger every day. I want you to think about that. We've said this a hundred times, but maybe this is 101. We're going to make a point in a second. 1.6 billion. Joe Biden wants to raise taxes to get

more money for the government. Yet Joe Biden has voted for 29.5 of our 30 trillion of that deficit spending? One of the major guilty parties, Joe Biden, and guilt is by how long they've been in D.C. But let me really put it in a nutshell today and let me preface what I'm about to say, and I'm repeating a little bit from Friday, with I don't care if it's from the Democrat party, the Republican Party, Independence, the Whig Party, it does not matter who it is is Nancy Pelosi is the Speaker of the House. She's been in D.C. and she's voted for about 26 trillion of our 30 trillion of debt in case you do not know, they were never supposed to have debt, but they've made it mainstream. Nancy Pelosi and her husband, depending on which

abacus you use worth a hundred million, 150, 200. I don't know what the number is. She lives quite well. Nancy Pelosi, the Speaker of the House, is now very soon, maybe in the next week, voting on legislation. Think about this. On giving a crap load of our tax dollars to semiconductor industry. Nancy Pelosi's husband, just bought a crap load of Nvidia stock through options. Nancy Pelosi spokesperson when seeing people are pissed off about this complete conflict of interest, as well as what we would go to jail for insider trading, Nancy Pelosi spokesperson comes out and says, well, wait a minute. Nancy Pelosi has no idea what our husband's doing

And number two On the document it says SP for spouse Nancy Pelosi spokesperson Pisses down our backs And telling us it's raining And you want to know why I complain You want to know why I'm worried about our future Think about this

What they are doing puts you and I, the peasants, in jail. Yet they do it in plain sight for all to see. And then gets a spokesperson to say, that is nothing here, which is a load of crap. There's everything here. From a woman who's voted for 26 trillion of our 30 trillion of debt, this is why we worry.

What have we been telling you for years? none of them are working for us they're working for themselves the day after the election they're working on their re-election we've told you to get the book throw them all out by peter schweitzer that rips on both parties wait to you see what some of these people have done

to enrich themselves this incenses me I can't begin to tell you how this pisses me off and they do it in plain sight you know when we say to you they're laughing at us. They're shooting the middle finger at us. Well, that's exactly what's going on here. A few of the central bankers are gone. They retired in the last year because it was found out they did the same thing. They were buying stock when they knew the central bank was about to ease

monetary policy. They should be in jail. But no, in Washington, D.C., Listen, this is bad. Just listen, resign. Go become a professor. Make 100,000, 200,000 bucks speaking to Wall Street. They'll keep kissing your ass just in case you get back into central banking. So you want to know why, in a nutshell. And again, I don't care if it's Pelosi. I don't care if it's the other side. It doesn't matter to me. This just happened to pop up in a big way. You know, they actually have a Twitter feed about Pelosi's trades and how much money they have made over the years, all in and around, important legislation either nay or yay. These people suck. 30 trillion of debt says so. Just letting you know. And I don't care if you're a Republican, Democrat, I don't care if you love Pelosi or

hate or doesn't matter to me. Get real. open your eyes Central bankers did it Jay Powell did it and guess what just happened last week as I told you I think Friday oh they had an ethics watchdog

that came out and said we don't think they did anything wrong yes they did we would go to jail for what Jay Powell and others did these people are the protected class the guy who caused inflation still has a job committed insider trading

violations that are not violations for him. Anyway. Just had to start with that because it's just, you know, because the spokesperson had to open the yapper and make that crap up. Oh, yeah, she doesn't know. She doesn't know what her husband's doing.

Yeah, sure, right. She doesn't know what her husband's doing. Oh, and by the way, it says SP on their spouse. So it's not her. Oh, so your husband makes the money, Don't. Have you ever seen such bull crap in your life? In plain sight. More importantly, early in the morning today, I got some emails. All the emails were, is there anything you like to buy? At the end of the day is, what do you think we should short? That's what kind of a day it was today. The opposite of Thursday. Having fun yet? many of things to cover today in the markets that are of import, big import, because we have a simple goal here, protect your capital number one, especially in bare markets, which we're still in,

by the way, even though I got quite a few emails this weekend saying the bottom is in. Yeah, okay, sure. As you know, we like proof. Up next. 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,

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Like if you're looking for a vintage band tea. Not just a tea. The band tea. From the last show your favorite band ever played. You wore it everywhere. Then your BFF started glaring it, which is cute until they unfriended you and took it with them. Which was not so cute.

Anyway, now you're on eBay. And there it is. Same tea from the same tour. Still living in your memory, rent-free, forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your ex-BFF stole back. It's also for that rare championship foul ball you caught, then heroically gave to the kid next to you. And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good this time.

Shop eBay for millions of fines, each with a story. eBay. Things. People love. 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. So, hey, yo. It was about four weeks ago. Well, let's start with steel stocks. It was about, uh, April mid when we thought steel had topped. But really, it was around June 7th and 8th when we came out, and especially on June 10th, that we really thought that commodities had topped.

And we just walked through each one with you. Copper had already made, had a drop. from the highs and made what we call a lower high and then cratered starting June 10th, somewhere around there. And then a few days later, it was cotton, and then corn, and then wheat, and then soybeans. But obviously the big one is the energy, the oil, which the big hint was the 17th of June and then June 30th. And we simply said we thought that's a peak in commodity inflation. For now, we're smart to say those two words for now. because when you're dealing with what we call main trends, the big picture,

every now and then you will get bearish phases during a big bull market. So we were not sure about how bad it would get. And we always use the words with you. We have no idea how long it lasts or how far it goes. once a trend starts and of course it can last like some of these stocks that have dropped 90% or some of the bigger names that only drop 25

some 10 our job is to engage with it and know when the next move potential and you know how important oil prices are we think to everything. They had a strong day today.

Oil prices. After getting trashed for a good six, seven weeks. Jury's still out. But let's hope oil prices did not put in a firm bottom today. Other commodities were also strong today. The dollar finally weak. a little bit today, juicing it a little bit. So I just want you to keep that in mind strong day for oil. That's no good. We don't want that. We don't want to have anything to do

with strong oil because that's your wallet. And you already know what's happened at the pump? very strong day today we'll be following it closely for both you and us and again commodities also Thursday of last week the NYSC was into new yearly low ground so were the

transports other areas were getting close but never got there by the close Thursday a very good reversal and on Friday a very strong move into options expiration one and a half good days off the lows we come into this week and the best way i can explain it to you the Dow is up 360 today 355 and finish down 215 That's the best way I can explain it to you.

The Dow today, 269, 169. It's up about 160, finished down 92. You catch in the drift? We got kind of sort of the opposite of what happened in Thursday. And interesting enough, a lot of the stalling and selling today, came it right at exactly important levels that we always speak about. In fact, the Dow, and we're not making this up, the 50-day moving average, 31,635, it hit 31644 before dropping 572 points off the highs.

What's the 50-day moving average importance in bare market? price rallies up into the 50 day and fails. And it's a declining 50-day moving average. And of course, all that is is price within nine points. The Dow. The NASDAQ got a little bit above it today. And petered out ended up below. The same with the NASDAQ 100.

So leave no doubt a strong, Open was met with distribution. Just like Thursday, a week open was met with buying at bare market lows. If this nascent rally ends here, notice the big word nascent. It would be on the classic side. As it's right into resistance and the big moving averages we talk about all the time. Tomorrow is another day and a lot more earnings. are to come out. And guess what? We have a lot of earnings to discuss both today and going forward.

Why? Because I can't believe some of the crap I'm hearing from others. Oh, great earnings report. And then I look at the earnings report and earnings were down 49% and revenues were down double digits. That's Goldman Sachs. I heard somebody say today, Great earnings reports. And I'm like, are they lying? Or they just don't have a clue what they're saying? Or are they just saying better than estimates or expectations, which means they're disclosing what they mean.

Stunning. A 49% drop in earnings is a good report. As my grandpappy once said, no, it ain't. Up next, the rest of these markets, and whatever else. This is the one only investor's edge. Success starts with your drive, and American Public University is here to fuel it.

With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. On eBay, every find has a story. Like if you're looking for a vintage band tea. Not just a tea,

the band tea from the last show your favorite band ever played. You wore it everywhere. Then, your BFF started glaring it, which is cute until they unfriended you and took it with them, which was not so cute. Anyway, now you're on eBay. And there it is, same tea from the same tour. still living in your memory, rent-free, forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your XBFF stole back. It's also for that rare championship foul ball you caught, then heroically gave to the kid next to you.

And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good this time. Shop eBay for millions of fines, each with a store. story. eBay, things people love. We'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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. By the way, maybe it's just me. You know, we have this radio show. I get to talk about anything I really want to talk, but most of the time we talk about the pertinent things that you're expecting. Maybe it's just me. How is it Prince Harry who left the United Kingdom and comes here? Got to do a UN speech today in front of the United Nations and condemn the United States for quote unquote contributing to a global assault on democracy and freedom. Hey Prince Harry, go screw yourself, you jackass. Why don't you go to Venezuela and say that and see what they do with you?

Go to Cuba and see where they lock you up. Go to China and say that. I can name several other places. Interesting how you can say that here without any repercussions. I can't say the word. This turd ball comes here, pisses off everybody in the United Kingdom, lives in like a 50,000 square foot home, gets a $50 million whatever from Netflix for nothing, being handed this, that, and the other thing, and he walks over and tells us about our democracy and freedom. The United Nations, that anti-Semitic, anti-Israel, anti-Jew,

craphole, who sanctions Israel for, 400 times more than North Korea and Cuba and other beautiful places, lets this pinhead put down our country. What is a matter? And I'd say it to his damn face. Who are these people? He's another one with the climate change crap. And he gets into big SUVs, preaching to us,

lives in a house the size of a Hyatt resort. How many hypocrites can you fit in one place? I loat these people. They have no idea. Let him go to Iran. Do that and get and speak against the mullers who run the joint there and see if he's got his hands left. Or if they cut his tongue out. Maybe he should go visit the Kim Jong idiot over North Korea and talk about.

North Korea that way. See if we'll ever see him ever again. But no, Mr. Braveheart. Puts down the country he's now living in and making crap loads of money off of it. But democracy and freedom, there's a global assault here. Kiss my ass. Anyway, hope you having a good day.

As you can see, there are certain things that really don't make me happy. Like, did you also see where a woman was sitting in her kitchen and a man was shooting through the walls and the windows while she's there with her kids? And the guy kept shooting and there was a standoff of police and police killed him.

Good. Perfect. It's the way it should be. He didn't listen, didn't put down his ass, whatever guns he had. Yet protesters set up a go-fund-me, not for the victim, but for the criminal. And then when the victim came out and said, what are you guys protesting for this for?

He was going to, we could have died. You know what the protesters said to the woman? Shut up. You know how that happens. when you get district attorneys that incentivize criminality and don't protect the citizens and the victims, these moron protesters think they have a right to, hey, the police can't kill that person. How dare they? Of course, unless it happened to their family, we're ass backwards in so many cities I can't even begin to tell you.

Those you live in in Portland, listen to this show, you know what I'm talking about. San Fran, they have a new DA in finally. You know what she did? God bless her. She fired all the idiots. And she's rolling back all the stupidity. I saw a story. There's a shoplifter in New York City that's been arrested 119 times and he was let out again.

Which begs the question, what do you have to do to go to jail these days? I saw a kid a kid accused him murder let out on bail not kidding it was like 16 year old let out on bail murder

no no no not attempted murder murder and then he violated his parole and then they finally put him in we're going to stay logical here without bias a gender ulterior motive Prince Harry

God I wish I was on satellite radio right now I have some choice words. Okay, that's that part of the equation. The market wrap, oh boy, I did a lot of complaining today, but all necessary. The market wrap is brought you by Investment-Dashmodels.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out.

Investment-dash-models.com. I have no clue what tomorrow brings. But the Dow is up 355 and finished down 215. You know what that means. Sellers above. The S&P down 32. The NASDAQ, what I say, was up about 155, 160, finished down 92. NASDAQ 100 finished down 106.

The semiconductor index, the all-important index, was up 60, finished down 14. None of that's very good news. Transports, I think we're up like 250, 260, 270, finished only up 69. Advanced declines were much better. Finished 21 to 23 on the NASDAQ. Still 2218 on the New York, but that's way off the highs. Strength, everything, commodities. That was your strength.

And you had a few other places. But leave no doubt at the highs today institutions distributed stock. We'll see what tomorrow brings. And when we do our webcast tonight, we'll be able to show They distribute it at some key territory. And again, massive, that I say massive amount of earnings to come out going forward. IBM's on after the closed down, four bucks in the aftermarket. That's only about 20 some odd now points.

And you've got a bunch going through the rest of the week. I will tell you Tuesday, Johnson and Johnson, before Netflix after. I don't need to go through the names. I think I did that on Friday. But we repeat. When you're down big during the day and you finish up, it tells you that underneath you get defense. And when you're up big during the day and you finish down,

especially near the lows of the day, which we did, that is distribution. And due to the fact we remain in a bare market for stocks overall, it's not good news. But again, we repeat. tomorrow is another day. Of note, other things that stick out for your handsome and buffed host, that don't thrill us.

United Health is a Dow stock. It was up 27 bucks on Friday on earnings. It was down 10 bucks today. I'm not so sure that happens in a bull market. Apple finished down today, $3.10. After being up about a buck 50. Do you know what came out in the middle of the day? What did we warn you about two weeks ago on Apple?

Up next, we'll have that. And much more. This is the one only investor's edge. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli Alfredo,

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You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. On eBay, every find has a story. Like if you're looking for a vintage band tea. Not just a tea. The band tea. From the last show your favorite band ever played. You wore it everywhere.

Then your BFF started glaring. it, which was cute, until they unfriended you and took it with them, which was not so cute. Anyway, now you're on eBay. And there it is, same tea from the same tour. Still living in your memory, rent-free forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your XBFF stole back.

It's also for that rare championship foul ball you caught, then heroically gave to the kid next to you. And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good this time. Shop eBay for millions of fines, each with a story. eBay, things people love. You're listening to. What are we waiting for?

Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. Yeah, yeah, yeah. So midday today, it comes out. Apple plans to slow hiring and spending for some divisions next year to ease impact of economic downturn.

There was also another report in the last week from like the biggest bull on Apple being worried about what's happening at the Apple stores where you have very good margins. So we don't really know if any of this is true or not. but we do know that Apple, which has been its own little bear market, not as bad as a lot of things, they distributed the stock on this supposed news. Now remember what we've said to you, it started a couple of months ago when we found out that the top three PC makers that their inventory had skyrocketed over 40%, which basically told us the man that dropped and we thought the thought process was, well, we're out of COVID and all that cannibalizing during COVID of everybody buying laptops and PCs and stay at home was over. Guess what we posed the question on? Apple also, simple as that. Simple as that. We'll see what comes of it. Apple reports in two weeks. Not a good day, though.

and as master technical analyst, the best on earth, today does not look good on a resume. It's the best way I can explain it. Of course, there's tomorrow. Maybe we'll just gap back up 500 points. And if you haven't seen our webcast, you'll understand why, and we'll show that tonight. How do you get the webcast? GaryK.com, clickconvictionleaders.com, one month free. I don't market it often, but we're in a bare market and you definitely need my help right now.

Why? Because in bare markets, you get no help from Wall Street. It's simple as that. What else about these markets that does not thrill? Well, we hate the fact that commodities went up today. We don't like the fact that yields went up. Yields going higher and commodity prices go in higher are the enemy. That's the best way I can explain it.

yields going higher and commodity prices going higher are the enemy for consumers businesses small medium big gargantuan any way you cut them i can promise you that and oil prices may have put in that decent low after crumbling over the last four or five weeks i've actually said on the show I can't believe how far down they went so quickly. Welcome to our markets. What else doesn't thrill me? Any breakout fails. What we're always watching for in the market is what we call leadership.

And these are stocks that hold up best and the worst of the markets and then break out of range into new yearly high ground. I would say 99 out of 100 have failed. They break out and then tuck their head in like frighten. turtles. That's still going on. I saw a couple of them today. It doesn't matter. I don't need to name names on those. I got one name, not at highs, but breaking above a really good range. Hit 106 today. Closed at 95. Down 11 bucks from the high. And like I said, like a frightened turtle. That does not thrill me. And then earnings reports. I don't care what any

everybody's telling you. Even with stocks going up on the earnings, they're not that good. City Group's earnings was deemed very good. They were down 19% year over year. Goldman Sachs, which by the way still finished up seven today. After being up 18, almost 18. Earnings down 49. Sales down double digits. Is that any good? Bank America. earnings down 29% year over year. That's terrible. Oh, but better than expected. I don't care.

Down 29% is terrible. And remember, when earnings go down, valuations go up. You got that? So call me less than thrilled. Schwab reported earnings down 8%. Revenues flat year over year. year. And Schwab's like the best of the best. One of the greatest reps in the industry. So when I hear people say, oh, they were good earnings, I'm like, what the hell are they looking at?

They can't be snowballing people, are they? Or they just don't know. That's why we always tell you, do your homework. Don't trust me. Do your homework. Also of note, we have been telling you, one of the areas that have actually been doing better is biotech. But we also told you we're very worried because we're seeing a bunch of no-sales biotechs moving up. And we can promise you bare market bottoms do not have any speculation accompanying that bottom. They're getting hit now. And we be careful with them. And some of the main biotechs, Regeneron was down 21 bucks today.

Amgen, which is held up pretty well in the Dow, down five bucks today. In other words, we just don't trust much right now. We're always hopeful. We're always looking for better, but we don't trust much. And when we have a Dow up 355 at the open and finishes down over 200, not so sure we need to say much more. We're done. Sorry about the complaining, but it matters.

You all have a great evening. Drive carefully. When you get home, do like we do, it is quite simple. Make sure you hug your family, hug your children. They will feel better. You will feel better. I promise. Until tomorrow, peace out.

Same time, we'll be here probably complaining about something, but nobody better at guiding you through these bare markets. Have a good night, everybody. Bye-bye. been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers,

starting fresh, or pursuing a lifelong passion, our programs are designed. for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. This message is brought to you by the Capital One VentureX 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,

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