Investor's Edge with Gary Kaltbaum - Strong Day [09.03.2026 w Adam Sarhan]

Episode Date: September 3, 2026

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Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary CultBomb. And welcome once again to Investors Edge. I'm Adam Sarhan in for Gary Kay, who's out today. Today is Thursday, September 3rd. It's amazing how fast time flies, 2026. And we have a great show for you tonight.

As always, I want to thank you very much for being here. All right. We have some housekeeping. I have some notes from Gary. and then we'll dive into the show. First off, housekeeping, this is a show about you and your money and all of the fun points in between. If you don't get this show in your city,

you can go to garyk.com, you can rewind, fast forward, listen on any device you want. I know sometimes I have a tendency to speak on the faster side. There's so much to say and so little time to say it. The good news is you can listen for free, rewind, fast forward, pause, and take notes, whatever you want. I've had people email me and tell me everything that you possibly can think of with the ability to pause it as we,

go. So all that's on gary k.com you can also subscribe with gary's morning notes sent to your inbox every day if you want you can listen to the radio show there you can subscribe to get his morning notes okay it's money management services and ask gary anything else you want you want to ask about his money management services you want to ask gary about something you can contact him there if you want his premium service which is convictionleaders.com you can take a free trial on convictionleaders.com there gary updates people with daily webcasts shows you charts shows you what seeing in real time and gives you ideas and a whole lot more. All that's available on Convictionleaders.com. As far as notes from Gary right at the top of the show,

excellent day. We believe there was dollar intervention to prop up to currencies. As the dollar goes down, it helps our market because it sends down is what he wrote. Really like to move, let's say, hold on a second here. Really like to move on some of the the cap stocks for whatever reason. Tesla said something about cyber cabs, and it broke above the 50-day moving average. SpaceX went along with it. Meta may have bottomed.

Goldman had a strong day, Goldman Sachs, ticker-symbol G.S., which helps the Dow, and as it held vital support. The NASDAQ-100, the QQQ, gets back above the 50-day moving average today, which is needed, and the semiconductors are still on a relative basis weak.

But we're much, but were much weaker earlier. We still don't trust them as well as most of the AI names, but they may bounce as well. Crypto also may be taking another move up here. All right, I want to do my job on the Messenger, so I'm going to pass that along. A few news headlines are after the bell.

Lul Lemon reported earnings and is down about 7% or 8% somewhere in that range. It's still early. We'll see what happens there with Lulu. A few other stocks that, are notable movers in the after hours. I'll speak about more about this later, but there's, let's see here, snow gaped up today. They reported earnings yesterday after the close, but today was a big gap up on snow, and it was a breakout there nonetheless. And then after hours up.

I'm looking at market terminal here. After hours up and after hours down. Docu sign DOCU is down a little bit. OXM is down a little bit. Yeah, nothing really crazy just yet. More might develop later, but for now, there's nothing too crazy I want to share after hours just yet. Tomorrow's the big day, folks. Tomorrow's a jobs report. Tomorrow's Friday. We have the jobs report 8.30 Eastern. And up until now, jobs have been holding pretty firm.

One of my thought processes or my feces or one of the things I'm thinking about to keep it simple is that people have jobs. They're employed. I've been trading since the 90s. I've seen recessions. I've seen what the 08 meltdown look like. I lived through it. I traded through it.

I saw the dot-com crash in 2000 and 2002. I've been to the COVID bear market, if you will, that lasted a few weeks. Then you had the government pump money in it. We're still dealing with the consequence of that now with inflation because of a lot of the pumping of the money at the time. But what I want to say is that the one thing that's holding the market and the economy up, right? right now and why inflation continues to be so strong and, and, and, and, and is the fact that people have jobs.

They can make their payments. Understand that. That's really important. Debt. The country's in debt. But there's two kinds of debt. There's good debt and there's bad debt, right? So, for example, credit card debt when they charge you 18, 20%, that's most cases, bad debt.

People come to me all the time and ask me, hey, Adam, what should I do? Okay, well, let's talk about your numbers. Are you in debt? Some people are. Some people aren't. Some people have mortgages on house. That's quote-unquote considered a good debt. Why? Because usually it's a lower interest rate, 3%, 2%, 5%, 7%, depending on when you got your mortgage. Lots of people are locked in it under 5%. So that would be considered a good debt because the interest you pay on that money is relatively low compared to the potential reward you can do with that money somewhere else. In other words, if you buy a house for a million bucks, you pay 5% interest or let's say 7% interest, doesn't matter what the number is. That's an opportunity cost of what are you going to do with the million dollars. I can pay cash for it and not pay the interest or it can invest it in the market and maybe make 10% or 5% or 20% or 50% or 100% or whatever the case is, right? What are you going to do with that money?

Buy a business, buy it, but or you can put 20% down and then have the money in your pocket to do something with it as well. And then you're going to pay interest on it. So it all depends on the opportunity cost of that cash and what you're going to do with it. So that being said, understanding debt, you know, debt set record high as we know that, but consumers are making their debt payments. And this is the part of the equation, folks, that I really want to bring to everyone's attention and why everything is quote unquote, fine gas prices are high, someone's inflation,

but people can function because they're getting paychecks. Once, I've seen this before, once the jobs disappear and companies start cutting jobs in mass, that's when all of a sudden things come to a grinding halt in the economy. And that translates into the market as well. Not always, it depends on how deep those cuts are, how long do those cuts last, how many people are impacted. But if they can't make their payments, that's really one thing that I've seen before. and this entire time, even with the easy money, QE 1, 2, 3, and 4 and QE Infinity, you know, QT, little tightening or whatever it is. It doesn't even matter from my standpoint at this stage of the game.

We have sticky inflation. Last year, they told us tariffs are going to bring everything down. They didn't market went up. Economy strong. And there's a lot more income being generated for the government because of the tariffs. Okay, economy's still strong, chugging along. It didn't crush the economy. Okay.

Fed hasn't raised rates. but they haven't cut rates either. Economy is growing. And economy is still growing. Jobs are still being created over the last 12 months. One might be a little bit lower than expectations. One month might be not good. But if you take the average last 12 months, jobs are being created.

Good for the economy. We have slower than expected growth. Okay, we want more growth. Great, depending on how you define growth in jobs or growth in the economy, growth wherever. But there's growth nonetheless. less. And that's quote unquote good for the economy, good for the market. And so on and so forth. So as you move forward, we move into the jobs report. What happens tomorrow is going to be one thing.

The data comes out. We'll have the jobs, the actual headline number. We'll have the, U4 number. It'll have the all these different things. Unemployment rate. You'll have this and anything to me. All that's fine and dandy. One number doesn't really matter. What matters is how the market reacts to the number. Not just tomorrow, but going forward. If we get a strong reaction, which there's a high likelihood we do, based on the fact that we're in a bull market, based on the fact that even with all this quote-unquote selling in semiconductor land, the NASDAQ 100 is only 4% below its all-time high. I'm on market terminal now. It tells you right away what the percentage is below the all-time high and how much is up your date. The S&P's

less than 1%, 0.8% below an all-time high, the SPY. The Dow, the D-I-A, these are ETFs that track these indices, is down 1.82%, almost 2% below an all-time high. The Russell 2000, these are 2,000 stocks, a basket of small stocks, 3.3% below an all-time high. I mean, folks, this is a strong action. MDY, which is the mid-caps, the S&P-400, is 3%. So about 4% below, it's all-time high.

Extremely strong. So we're in the situation where we have a strong environment. We had some selling, we had some rotation happening beneath the surface, semiconductor stocks got hit, sure, okay, great. But you had that great mini rotation I spoke about last time on, where money would rotate from one sector to another sector to another sector beneath the surface. and keep the indices right near record highs. So anything that's not really bad news is considered good news in this environment.

And when you have a situation where the jobs report, which really matters, Lou Lemon's now down 18% after just being down 8 or 9, after reporting earnings after the bell today. So we'll continue to monitor that, but it's still happening. I'm speaking after the close. It's coming. It's moving up and down. and it's volatile a lot, so we'll check it tomorrow.

But as you get back to the point here, as you have numbers of jobs that come in, the report, the market reacts to it, anything that's not bad news is considered good news in this environment. And the fact that we're not down more, to me, tells me a lot. And we're in a bull market. That being said, up next, we've got a lot more to cover. I'm Adam Sargan, and this is the one and only Investor's Edge.

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Investment Advisory Services offered through call-bomb capital management. 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. In case you're just joining us or missed any part of the show, you can go to GaryK.com. Rewind, fast forward. Listen, any time you want 24-7 on any device, all GaryK.com. All right, a few things. Spook about the markets, spoke about the jobs reports, spoke about a nice route, spoke about the fact that were only a few percentage points below all-time highs, which to me is a bullish sign, considering we had a lot of selling over the summer in a lot of these AI stocks.

But at the same time, we saw money rotate out of AI into other areas, and that's what I call the great mini-rotation. I've observed that phenomenon for over 30 years now. Well, sorry, I think it's 22 years ago, 2004, is when I first started writing. about it. But let's just say 20 years, not 30, 20 years. How about this? Multiple market cycles. I've observed this occur where the major indices stay near all-time highs. You see one sector lead on the way up like a semiconductors led in Q2. Huge rally. A lot of money was made. They pause. They pull back. Some of these AI stocks are down 20, 30, 40, 50 percent from their highs in July. And then at the same time, money, it's almost like a relay race where batons passed off to another runner.

You get money transfers into an undervalued group. At time, could have been biotech stocks, healthcare. The XBI is biotech. XLV is healthcare. You've got XLE, the XOH, OIH, sorry, the XLE, OYH and the XOP. Those are the three ETFs for oil and energy. The main ones, at least. a lot more, but for energy stocks and oil stocks, oil itself is USO, but the XLE and the OIH and the XOP,

those are three energy related ETFs that people follow that are popular ones. There's more, but those are the popular ones. And they started to take off and go. And then they paused. Oil had a big run because the Iran War and all that stuff. And then, okay, other sectors started showing up. Gold paused. And then in the last few weeks, gold had a big rally.

crypto had paused last few weeks crypto had rallied you know so on and so forth that's the great mini rotation where you think it's over because semiconductors led on the way up and then they had a huge correction it's not bare market in some of these stocks down 40 50 percent that's huge moves down but the market barely budged to a four three four five percent below an all-time high in all of the indices just about i mean that's extremely strong and in bull markets surprises tend to happen at the upside, not the downside. And that's also strong. So we're in one of those situations where, oh, I'm going to add some more to it too. A lot of people are bearish because seasonally, September and October tend to be weak periods. And yes, September, October, if you look historically,

tend to be not bueno months for the market, but there are some Septembers and October's where they defy expectations and they rally really strong. And midterms, people are saying, oh, have the midterms. We've had double-digit pullbacks in the major indices before midterms over the last 10 midterms or something along those lines. Yeah, okay, so point is it coming into this, a lot of fears built into the market. Meanwhile, the S&P is less than 1% below in all time, less than 1% below and all time hot. Listen to, that's how I say, always like to say the market is speaking and then ask, are you listening? That's what I mean, folks. The market is speaking, loud and clear. I want to make sure we're listening.

The CNN Fear and Greed Index is on fear. Extreme Fear is the only other reading that's worse than fear. So fear, right now it's got a reading of 35 on the CNN. If you Google CNN Fear and Greed Index, you can see that little meter. It's like a gas tank. It goes from left to right. It's in fear. And the S&P is 1% below an all-time high.

Fear is prevalent. The market tends to fool most people. most of the time, there's nothing nefarious about it. It's just the way that we're, at least my opinion, there's nothing nefarious about it. The way that the, again, I've seen this for decades, the way human brain is the perspective, the focus, the way that we're programmed, it's not the same way that the market functions. That's what makes it extremely challenging for most individuals, is that they get caught in their head. Tony Robbins and his teacher, Jim Rohn, Jim Rohn is a fantastic guy on YouTube.

You can type in his name Jim and then R-O-H-N. I have no affiliation with either one of those two folks, but I do like their work. Or Tony Robbins on YouTube. He's got a podcast, a ton of content, some free, some paid. They have a great line. Jim said, if you stay in your head, you're dead. And what that means is you get caught up in your head, especially in this business. You don't talk to anybody all day or you talk to a few people.

But when you buy your trades, most of the time, people trade in isolation. And it's lonely and it's boring. But also, we tend to have negative biases in our minds. We're very tough on each other. Humans. I just had a coaching call about an hour ago with a gentleman. He's in Texas. He inherited $40 million, $40,000 from his father.

The late father passed away about a year ago. And his father was one of those over the, what was the word he used? Larger than Life kind of characters, over the top characters. The oil guy and just thought he was a great. things and sliced bread, treated the son very poorly, you'll never be good enough, you'll never be smart enough, he's got to deal with all this nonsense. And he's got a chunk load of money now. The father passed away.

What do you do? And he's a good guy. He knows he doesn't know. He called me up. Hey, he needs some help. Okay, great, let's go. And it's not even about looking at charts. Frankly, it's not about that.

It's way beyond that. So he's like, yeah, you know, I'll never be Paul Tudor Jones on the phone with me. He's talking to me. He's like, yeah, I'll never be Paul Tudor Jones or any of these big hedge fund guys. I'm like, stop. right away just stop that's what's called a limiting belief who you talk to the most is yourself how you talk to yourself is the most i said listen we just met i mean he's followed me on fine leading stocks dot com for a few years now he reached out through there but and you watch some of my videos

i'm looking forward to tomorrow's weekend video from you adam and all this stuff i say great so he knows me but i just met him like lots of people follow me online i you know first time i'm speaking to the guy so okay great but he knows me he Like, it's like an actor on TV. It's like, I know, you know, George Clooney or I know De Niro or I know Al Pacino or whatever, right? But they don't know me. So it's kind of that kind of situation, but on a much smaller scale. And it's the first time I'm speaking to him.

And I said to him, I said, listen, would you ever allow me or any other human to speak to you the same way you're speaking to yourself? And I don't even know what goes on in your head, but I kind of do. And he goes, no. I said, then stop it immediately. If you sit here and tell yourself, you're not. good enough. It's called an imposter syndrome. Google it. We all have it in some capacity. But guess what? You're fighting almost like a losing bet. You're losing before you're even starting. Take inventory of your mind. Take inventory of your thoughts. Control your thoughts. And think about

how you talk to yourself. That matters. It matters a lot. And be kind to yourself. Paul Tudor Jones, one of the biggest guys in the quote unquote world in the head front space, one of the biggest, most successful traders in history, gave an interview recently. And he goes, kindness is the single most important trait he looks for in any human. When he was, Toltear Jones was three years old or five years old as a kid, he got lost from his parents in the mall. And some guy came over, found him, and helped him and took him to his parents. And it was an act of kindness. Ever since then, he's very big in philanthropy and helps so many people and It goes millions and millions and millions and millions of dollars away.

Get kindness. Be kind to yourself. And control those thoughts. All right. Up next, you've got a lot more to cover. I'm Adam. Sorry. And this is a one and only investor's edge.

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 Coltbaum. It comes highly recommended.

You're going to feel better if you talk to him. And welcome once again to you. investors edge. In case you're just joining us or missed any part of the show, you can go to GaryK.com. You can rewind. Fast forward. Listen any time you want on any device you want, all for free. All right, we spent the first part of the show going over the major indices. I spoke about lots of things. I don't want to spend too much time on a recap now, but definitely go through it and take your time to, if you missed anything, to go back and relisten. But we left off talking about kindness, and we left off talking about the importance of limiting beliefs and empowering

beliefs, understanding, the importance of understanding the power of your own thoughts. The market, people like, oh, yeah, the market, look at this, look at that, so on and so forth. Guess what? It's a reflection of what's inside of us most of the time, not always, but most of the time, meaning you're in a good headspace, guess what? Much higher likelihood you're going to win and do well and get your desired results. Whatever those desires, results are. Eds de Koyd another great trader from the last several decades had a great line. He goes, everybody in the market gets what they want from the market. Some people want to win, some people want to lose, and some people want to be entertained. On an unconscious level,

everybody gets what they want from the market. So it's really important for us to really pause, reflect and ask yourself, what is it that I want to do here? Well, everyone's like, oh, I want to win. I want to win. I want to win. Well, okay, is that really the case? And then if yes, are we actually doing the work to win? Or are we doing something different?

And do we have the discipline to stop and reflect and actually have the hard conversations that are required to win and actually go out there and do the work? to win. So and whatever that win means to you, it means to you. So what it's important to really take inventory of your words, you know, what you want, say what you want, but really the important thing is to be able to zoom out and make sure your actions are aligned with what you want. So what do I mean by that? When you have a situation, everyone says they want to beat the market. Everyone says they want to win. Everyone says they want to be able to, you know, to make a lot of money.

Okay, great. Everyone says in the same breath, I'm going to go to health because we can all explain the health. Everyone gets the setups and the, all that fun stuff, getting a flat stomach, right? So I want to say I want to get a flat stomach. Okay, well, Adam, how many setups you can do today? How many planks? Thank you very much, Miguel, for emailing me and telling me planks. work just as good, if not better than setups.

Okay, great, or crunches or whatever it is you can do. The mechanics of it is secondary. I say I want a flat stomach. Well, how many setups I do today? Zero. True story. I did zero setups today. But I want a flat stomach.

Okay. I want to beat the market. Are you doing the work? What does that work mean? Adam, get specific on me. It varies depending on each person. Someone that has, you know, is overweight. It's going to do a different type of work than someone who's really thin or or or or, right?

But with the work depends on your investment style, your time frame, your horizon. It depends on your goals. But my point is, folks, is aligning the actions that you take with what you say you want. Otherwise, confusion reigns supreme. and a confused mind in marketing and sales, they say a confused mind never buys. It's pretty much the same thing here. A confused mind rarely moves the needle and gets the results they want. Someone who's focused and dedicated and has their eye on the ball, so to speak,

and showing up and doing the work, however that work looks for you, but doing those sit-ups and it's aligned with what they want, their love and life. Because they're making progress. And one of the secrets to happiness, again, comes from Jim Rowan and Tony Robbins, all this stuff, is progress. When people don't make progress, they get stuck. And being stuck, it's not fun. It's mentally taxing. And most people get stuck in patterns.

And they're not even conscious of those patterns. They do the same thing every day, expecting different results. Oh, I'm not going to sit-ups today. I'll tell myself a story of why I'm not going to be. doing the setups, not accurate. And then, oh, hopefully I'll get a flat stomach tomorrow. When I get a million dollars and I'll be, you know, I'll stop, I'll start doing the setups. Or when I move to the moon or Kansas or Texas or Algeria or the moon, whatever it is, it doesn't make a difference.

When X, Y, Z happens. When I was younger, oh, once I get married, I'm going to do the setups. Okay, I got married, never happened. It's almost 20 years now. I'm still not doing the setup. You follow? So the story you tell yourself is super important. Be kind and have accurate thinking.

Napoleon Hill has a great book. They can grow rich. And in it, at the time, 100 years ago, they were more or less, a little bit more, I think, but around the hundred years ago, the men that built America, they made a documentary about a docu-series. And Carnegie and J.P. Morgan and all these, like, Rockefeller, all these huge characters in American history, business. giants, so to speak.

Carnegie, one of the steel guys, he's like, hey, listen, I want to study why people successful, some are, most aren't. So Napoleon Hill's guy wrote a book and they can grow rich. It's a great book. And in it, he talks about lots of things that super successful people do. And one of them is accurate thinking. Most people, unfortunately, don't do this. They inaccurately look at the world.

This guy was talking to today from Texas. Sweetest guy in the world. Great guy. He has the potential to be phenomenal. He's telling me, oh, I can't. I'll never be good in the market. I'll never be able to Paul Tudor Jones. I'll never be these great guys.

He fundamentally has an inaccurate view of himself and of the world. And it's a negative view. It's a limiting belief. So, of course, if he follows that story that he's telling himself, in the health example, I'll never have a six-pack. Well, okay, if they tell yourself that story, what are your action going to be? Strong or weak? Of course, they're going to be weak. And then the results are good or bad.

the results are going to be bad and then it goes back to the beginning of your belief system yeah see i told you i never have a six-pay because i did 10 sit-ups and i stopped and i never did them again or or or or right it's that consistency showing up every day making sure that you have certainty when you start doing something and you have accurate thinking and you know your blind spots and you know those limiting beliefs and you're kind to yourself and you adjust that mental dialogue and again i'm all passionate about the psychology stuff. I wrote a book. It's called Psychological Analysis. My whole contribution of Wall Street, in addition to fundamental and technical analysis, which I believe we're not enough to beat the market. If they were, everybody on a few islands of the Caribbean, psychological

analysis is huge. And that's what I light up about because that's the key. We upgrade our software on their cell phones and computers. This is upgrading the mental software. And we do it anyway. Who's smarter? Are you today? You today? Who's going to be smarter? You today are you in 10 years for 20 years, hopefully you in 10 years. So let's accelerate that growth. That's one of my passions and I'm mission. It's help as many people as possible. And the whole point of that psychological analysis is learn how to make rational and emotional decisions with your money.

And all this stuff goes into it. You do something with certainty. I'm going to get a flat stomach. Okay. I do those sit-ups. I do them intensely. I do them consistently every single day. Great.

Go above and beyond. Eat healthy, so on and so forth. Do it the next day. Do it the next day. Most likely I'll get better results than someone who, goes in there and says, yeah, I'll never get a six-pack. I'll never get a flat stomach. Why? It starts with that belief. Now, it doesn't mean because I have a certainty and I have a strong belief and it's inaccurate. I'm going to get results. No, an accurate belief and you have

certainty that you're going to be able to accomplish or make progress towards it. Most likely, there's two people, one has certainty. One doesn't. Most likely the person with certainty and accurate belief and aligns their actions with their words, most likely they'll get their desired outcome faster or get closer to their desired outcome. than the person who doesn't. Hope this makes sense. Really, it comes down to that mental game. You're looking at the market that's external.

And a lot of it is just a mirror. It's our perception and our perspective. And we're in control of that. And those limiting beliefs can switch in a second. I can look at the market. Most people right now are fearful. Okay, the SEP is less than 1% below an all-time high. It's not going to take more.

much tomorrow if we have a good reaction to jobs report all-time highs and surprises in bull markets usually happen to the upside by the way I'm not sitting here saying bullish bullish bullish I'm just telling you the facts we're in a bull market and we're 1% below in the s a psalp alone all-time high accurate thinking now could we sell off hard yeah absolutely we can but can we rally just as easily so as we go into this and just wrap up here with this part of the conversation today, just control that mental dialogue. That's why journaling is so powerful because it gets you out of your head on paper. Such a powerful thing.

And then you can look back at it. What did I think two weeks ago? What I think in January? We're thinking in March. Where I think, you know, someone and so forth. All right. Up next, we've got a lot more to cover. I'm Adam Saran.

This is the one and only Investor's Edge. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready. Action. Investers Edge with Gary Kulp. And welcome once again to Investors Edge.

In case you're just joining us or with any part of the show, you can rewind, fast forward, listen anytime you want in any device, all on GaryKK.com for free. All right. So we spoke about a lot today in the last few minutes here. I want to talk about some breakouts today, just as high level in case you're not familiar with the concept of breakouts. A stock, let's say, goes sideways between 50 and 55 for three months, three weeks, six months, three years. That's called the base. And the bases come in all different shapes and sizes. Sometimes it's 50 to 60.

Sometimes it's 53 to 52. Sometimes it's 100 to 105, 100 to 110. Again, all different shapes. I'm just using a hypothetical example of the stock going sideways between 50 and 55 for a few months. Support would be 50. Every time it gets close to 50, it rallies. Okay, great. Every time it gets a 55, that would be resistance, it would fall.

And so on and so forth. One day, stock decides to break out above resistance, goes to 57, and it does it on three times normal volume. Like Gary says, that's not Aunt Mary and Uncle Bob doing the buying. It's the big institutions. And that's what drives the market, folks. Big institutions. In order for that stock, that's trading between 50 and 50. and 55 to double and triple and quadruple.

For that stock to go to 100, it has to, by definition, break out of that trading range. Sometimes it can go from 55, break out goes to 60, 65, and then go sideways for six months between 65 and 70 to consolidate that move. Perfectly normal. Sometimes it breaks out and fails. Happens a lot.

But in order of that stock double, triple, quadruple, it has to break out. Now, the reason why the breakout's important, that exact moment it breaks out. out is because of what? Is that it tells you there's something has changed. Now, just because the stock breaks out doesn't mean it has double or triple, but in order for double and triple, it has to break out first if it's in a trading range.

Does that make sense? I hope it does. It's a rhetorical question because I can't have you answered directly, but hopefully it does. So breakouts are important because they show us, again, the market speaking, our job to listen. They show us what the big institutions, where they're going, where they're doing with their money, and we look for groups. I like to see a lot of stocks. Technology stocks are all breaking out in Q2 or AI stocks.

Okay, money's flowing into there. A few weeks ago on one of my Friday reports, every Friday put together a video and the week video, I was saying, hey, the oil energy stocks are breaking out again. While before that a little bit, it was the healthcare stocks and the biotech stocks. Again, that great mini rotation, I could see it happening in real time. In the way that I find it's all on MarketTerminal.com. I go there with breakouts happen live in real time.

So I don't have to sit there and scan thousands of stocks like I used to and try to find the invariable breakouts and then miss them and so on and so forth. So understanding that a stock when it breaks out is important. It's just something happened. Today there was 32 on market terminal. San S-A-N, Banco Santanair, is a Spanish bank, I believe, had a little breakout there. Summit Therapeutics, S-M-M-T. Again, these are not buy-and-sell recommendations, just stocks breaking out, had a low-level breakout there. MSTR, which is micro strategy.

Now it's called strategy, big Bitcoin holder, broke out there. Another reason why Gary is saying Bitcoin could go up, crypto in general could go up. Looks like it's having a little higher here. We have Snow, gapped up on earnings today. Robin Hood, nice breakout there on volume 2, by the way. Principal Financial, PFG, nice little gap up there. Ice, intercontinental exchange, the owner of, parent company of the NYSE broke out today.

UNM insurance stock broke out today. Equitable Holdings, EQH, another insurance asset management kind of company, broke out today. STRKs, another one, it's another type of micro strategy kind of play. STRD, another S-G-MICO strategy, VOD, which is Vodafone, gapped up today, close and lower half of the range, but gaped up in the less. DDS, DDS, little breakout there, mid-level breakout. Let's see here.

We also want to show you a steel stock, MT. Little breakout there. Ticker symbol, Boll, Weeble, online brokerage company, broke out there. I interviewed the CEO on my Smart Money Circle show a while ago. Interesting guy, smart guy. And then a few other Genworth Financial, GNW, Voya, Financial, DLO, VEO, Dio Local and a few other ones. So as I go through I can see the sectors and I can see the breakouts and I can compare that the number of breakdowns. Today we had 27 stocks that broke down.

Okay, well we have 32 that breakout, 27 that break down. All right, let's go through some of them. Those breakdowns. I see hey, what were they? Sienna C-I-E-N broke down below support. TSN which is Tyson Food gap down today. McDonald's broke down below support. Z-T-O. which is ETO Express, rare had a big gap down today. I believe that was on numbers. PSNY, huge gap down today and breaking below support. So these are ones that are breaking down. And you can go through these MOMO, ADTN, ANVS.

It's almost like a mirror image of these breakouts or the breakdowns. And what they do is break down below support. Remember 50 to 55, these are the ones that are breaking down below support, which would be 50 in that hypothetical example. So that's a good way of, listening to the market. Setups. There's a setup section.

You can go through. J.P. Morgan's setting up to breakout. Hasn't broken out yet, but setting up. HSBC, setting up to breakout. Coming up the right side. ABBV. Sending up to breakout. MFC, manual life financial, another insurance stock.

MetLife, MET, setting up. RJF, which Raymond James, setting up to breakout. Prudential, PRU, a lot of insurance stocks. Again, that's how I say the market speaking in our jobs to listen. Hope that makes sense. I can go on and on and on. I love this stuff. To me, it's like hunting.

Think of the caveman inside of me. You know, back in the day they used to hunt, and back in the day, way back in the day, this is way, way, way, way back in our DNA hunting and gathering. To me, this is hunting. It's not physically going to kill a saber-toothed tiger, but this is hunting in my mind. I get excited about it. I'm passionate, but I love it. But that's stay organized.

That's when I said earlier, the work that you do, are you prepared? Do you know what stocks broke out to? Do you know what's doctors are setting up to break out? Or do you find out, John, you come, after the fact and you keep missing these things. It was me for a long time. One of the reasons why I built market terminal to help myself and help others. Anyone that wants us take a pre-trial, just try it.

You like it, stay. You don't like it, pass. I mean, it's that simple. But what's the idea? It's to do the work. A lot of technology now can do the work for us. It's such an efficient use of time. It's given me countless, I can't even tell you,

hundreds of hours a year, back, if not thousands of hours, where I used to manually go through stocks and look at volume, and I have all that stuff just organized now. Hit the play button or space bar, boom. So that being said, I believe that's all the time we have for today. I want to thank everybody for being here. We have the jobs report tomorrow. We'll see how the market reacts.

Have a great night, everybody. And thank you very much for being here. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K. That's garykay.com.