Investor's Edge with Gary Kaltbaum - The Good End Of The Week Review

Episode Date: May 5, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

I tell myself, it's not about comparing. But then I start wondering, what can they lift? Are they adding more weight to their barbell than I am? And suddenly, I'm not training. Then I realize, my journey is not theirs. I've earned every step. So I smile. My smile is the shape resilience takes to keep me moving.

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And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks to being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Cinco DiMayo. And I took six years of Spanish, and I'm very bad in it. But I promise myself this year, I'm taking one of those courses. what is it babble or something like that i'm going to learn spanish and since i've been to italy

11 times now i'm taking italian too i'm going to get good at both anyway hey so we're pre-taping this show it's 316 p.m uh this show without when we pre-tape we don't have commercials ads whatever they call them so i'm not so sure we'll be taking you to the final number maybe we're We'll wait it out during break, so we do. But man, let's set the stage. To yesterday's low, from Monday's high, the Dow dropped 1,300 points. From Monday's high to yesterday's low,

the Dow dropped 1,300 points. What else has happened recently? the transports last week dropped a thousand points in two days the banks kept crashing with more smaller banks getting in big trouble again as I did my scans last night and let me explain what we do as I did my scans last night are scans have no bias, no ulterior motive to them, no agenda. What do we mean by that? Notice we're doing markets here because real good day today. When you hear people fundamental, fundamentalists come on and they believe in a company, which is all well and good. The problem is just because you believe in a company does not

mean the stock is going to do well. I can promise you, and this is not to indict people, and I'm not mentioning names. There were plenty of people who believed in First Republic Bank. In case you don't know, it was a very good bank. It went to zero. So the fundamental side of that, if people just stayed with their, hey, my fundamental thought, they were squashed to zero. Pack West, it's a good company. It's a regional bank. It just went from 30 to yesterday's bare market low of $2.48. That's real world dollars. We're different. We believe that price is the best gauge of stocks, but not at every moment. Of course, what do we mean by that? You remember the bubbles. It was not hard to figure out that we came to you and said, please don't buy Rivient

once they came public. Two days after they came public, it had a market cap almost equal to GM and Ford. while they had delivered 36 cars to employees. They had no sales at the time while Giman Ford had 260 billion in sales. So when we say to you, we let price dictate, we also kind of have a feel for not taken out a $10 bill

and trading it for a $1 bill. When we did our scans last night, it was gross. whether it was commodities, oils, airlines, insurance, financials, mauled, economically sensitive names. A lot of the semiconductors, if not most. And the list goes on and on. They were mauled in the last few days, bombed. when we did our scans last night with no bias,

here's what showed up. Microsoft looks okay, NVIDIA looks okay, Oracle looks okay. Google looks okay, but those first few look good. Google looks okay, but nothing great. And we went through our list of names that will we consider to be in uptrends or above that all-important 50-day moving average. The list is small.

On the list were names like Ferrari. Recently earnings reactions like Shopify, Draft Kings, Salesforce.com. But narrow as all heck, we even mentioned to you 700 some odd new yearly lows in the market. We walk into today.

And here's the good news for starters. You know what we tell you here, and we pull no punches. There is nothing more important than somebody having a job. The job numbers came in good. Remember three months ago we said to you, we think the job market is going to soften and soften good? Not last month. It's softened.

It's definitely not as tight, not as strong, but it was good. And the market loved it. The areas that were bombed out recently and by the way, still in bare markets. And what do we define a bare market as? Down 10 up 4. Down 7 up 3. You have one of those days today where it's up 3 or 4.

So for starters, a strong day. Let me give you one. Remember I mentioned Pack West? The stock just went from 30 down to 2.5. It's up 83% today. to 580 So it's gone from 30 down to 580

Gary Could I have maybe taken a shot yesterday There's been talk of them going under You want to take shots like that God bless you I have news for you I'm not stupid I wish I bought some yesterday

But no thank you As much as I believe in Ouija boards No thank you We have rules We have disciplines We have roadmaps, and part of that is not guessworks on things that have crashed. So everything that was bombed has bounced very nicely today. The Dow that dropped 1,300 points from Monday's high to yesterday's low, as I speak, it's up 575 today.

Only Intel is down today. Now it helps. There is a certain company that every dollar it moves is $15.8 billion a market cap. That's sick. Apple. It's up $7.89 as I speak today on guess what? No earnings growth and 5% percent drop in sales. Go figure. So very good day. The funny thing is there's still more new yearly lows on the NASDAQ and new yearly highs, but definitely better today. But here's the rub. A ton of the market getting belted. The Dow dropping 1,300 points in less than four days. Financials croaking, cracking even more. Though very good day today.

With all that, the NASDAQ is a stone's throw away. of breaking above the range. Up next, we'll give you that range. And much more. I'm Gary. This is the one known the Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.

We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. 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. 5559. That's 888, 422-5-5-9. Investment advisory services offered through call bomb capital management. 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach ache 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.

One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Shh. Listen. So we sat there. Listening.

That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. 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. We are in the, it's 3.27 p.m. The moving market wrap is brought to you by Investment dash models.com. That's Jim Moraback, one of the great market timers. No great 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 the moving market wrap that's what we got for you doubt 570 s and p up 79 NASDAQ 278 NASDAQ 100 288 socks up 68 and just so you know transports 336 transports have been trading like a penny stock seriously just all over the map and you know I get emails Gary so what do you think happened today what do you think is going on to it beats the hell out of me maybe just maybe today the market was really expecting a bad jobs number maybe just maybe the market was expecting a bad jobs number and it came in pretty decent meaning maybe the market was reflecting trouble in the economy and all the sudden hey wait a minute Not so much trouble.

Don't know. All I know is through this maelstrom of movement, I love that word maelstrom. I'm trying to think where I picked up that word. I actually think there is a ride at Disney that uses the word maelstrom in it. A powerful whirlpool in the sea or river. A situation or state of confused movement of violent turmoil. That's a maelstrom. A maelstrom of movement, the NASDAQ, just so you know, was 12-270 in September of 22 on a bounce.

It dropped to a bare market low in October, retested in November, retested in December, hit 12-2-70 within 50 cents in February, before tanking, hit 12227 March 31st, April 4th and April, let me see what date that is, April 3rd and 4th. Two weeks ago hit 12245 on 51, 12261. You know where it's at now? 12248. On the verge of moving above a range that has held it back. since September. Now, the NASDAQ. The advance declines on the NASDAQ have been horrid, horrible, terrible. What has it been? It's been the big cap, mega cap. If you compare the NASDAQ to the Russell 2000, the NASDAQ is Usain Bolt and the Russell is me. So you stay big, cap and all we can tell you is Microsoft gaps up breaking above again today Microsoft Apple strong

reaction oh by the way those two are a huge portion of the NASDAQ NASDAQ 100 and S&P and V-VITA hold support today and pops off of it these are the big names oracle breaks above another range today these are big names and even the ones that have been getting blasted. Adobe's stock just went from 380 to 332 in four days. It's up 13 today. Tesla, its own bearish phase, up nine today. If the NASDAQ breaks out of that range and sticks, listen carefully, it's going to invite more institutions into buying. That's how price movement works. Yesterday, the Dow, we mentioned this on radio,

reversed back above the all-important gargantuan 50-day moving average. Today, it moves off of it, the roadmap. And we're always looking for confidence, the intangible, in confidence in what we do, we gain more confidence when price takes out range. It has not happened yet. It's teasing again. But this time, it's got some big earnings, reactions, not necessarily big earnings. Apple's earnings were flat. They were flat. Now, how can we? How? How can you? It's, you? It's, can this be, Gary? Interest rates are going up, debts going up, savings rates going down, credit card usage. We follow price. You got that? We follow price. And price follows price.

And movement begets movement up and down. How do you think we're able to avoid the bare market? Stair steps? We're going down. Instead of me giving you numbers on the up, side of the NASDAQ, we were given you numbers on the downside for the NASDAQ. When they broke that level, it invites institutions for more selling. Now we'll see. Now, just so you know, we said the NASDAQ and the NASDAQ 100, which is narrower. We did not say the other, certainly not the small and midcaps. there would be a hell of a lot more work to do in other areas.

Why? Because they've been crappy. And all they're doing today are bouncing, good bounces. Our job is to gauge whether this is going to get some more out of it. And where's the strength? We know the strength. How do we know? We do our scans.

How do we do our scans with no bias. And when we make out a list of strength, it is not somebody telling you, oh, I like that company. Got to think long term. It's us telling you. It's the market telling us. That's your leadership. Of course, until it isn't. How many names have broke down in the last few weeks?

a crap load. Every day I'd be making a list with my orange highlighter. By the way, orange highlighter is bearish, but red highlighter is bullish when I do my legal pad. Up next, we'll continue into the close. Whatever else, 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 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 IHeartRadio.

Listen now wherever you get your podcasts. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full.

Hershey's, it's your happy place. To get to the 50, I've learned some things, like the value of the family, the importance of the

work, and that the 99% of the people of the people that cause the Culebrilla.

Although not all the people in risk, they're I do you do you the eruption

doormos with longed during that even the things are all

a lot of a problem, not learn about the Culebrilla the

way about the doctor or pharmaceutical patrocinated for GSK

Listen to America is talking Investors Edge He's got to be pleased with that The crowd is just on his feet here With Gary Coltbaum Come highly recommended You're going to feel better if you talk to him

And welcome once again to Investors Edge Hey the King's Coronation tomorrow You know how I've been to London now I'm going to guess 14 times I love the city I love the people I just have a blast there. An absolute blast there.

I love everything about London. Tomorrow's the coronation. It starts at 5 a.m. I'll be watching. I watch the whole the funeral of the queen. I, you know, and I know there's people though, you know, and you know,

fine and dandy. It's just an opinion. anyway that'll be tomorrow all right so let me be repetitive here I think 70% of the market looks like crap they bounced it today

and there's some good bounces and I'll gauge those bounces later this weekend and what do we mean by bounces let me see if I can pick one out what do I got here bounces, bounces, bounces. Is this a good one? No, it's not a good one. Bounces. Not a good one. AMP. Ameriprise Financial. It's up 3.79% today. It's a good daily move.

The 292. It was 318 two weeks ago. It was 357 in February when they topped out the financials. I mean, the best example was Pack West. That was the best example. It's up 85% today. It's down 85% from the highs of several weeks ago. But up 85% today. That's how much it dropped. I think it dropped was down 92% to yesterday's low from the high of just in February. And those are the things you got to be careful about. What we try to look for, are those stocks and sectors that lead the market. And in a market that's basically back and forth and back and forth and back and forth, that usually isn't.

You know what's really been leading lately? Gold, which, by the way, is down today. And housing. That's been the areas that have been showing the best with some mega cap tech and a smattering of a few names. The socks today is up 70 as I speak. it's down 200 from three weeks ago, including today. That's what we mean by bounces.

What we will try and figure out is, is this a good bounce that sticks? Or it's just another one of those bounces? Don't have that answer yet. We'll figure it out. You know what's bounced today? Oils. The OIH is the Oil Services Exchange traded funds. It's up $7.82 today to 262.

It was 298, 3 and a half weeks ago. It was 335 at the top in February. That's what we mean by bounces. But then you have strength. And those are stocks that are up five down to, up five down to, not down five up to. And that's where we do our scans. very difficult market ladies and gentlemen i get emails from people i ain't invested anymore i can't take this look at these banks if the banks are follow the follow everything follow the bouncing ball

i can tell you when the market topped in 2000 when you had that big internet bubble and the nasdaq in the next three years dropped 80 percent i think the s mp and jow dropped 50 housing stocks that were left for dead had a big bull market for a while you never know what there could be always something so when we scan again with no bias three words we just want to deal with what shows up and i think i've said this to you before if i was just fundamental i'd be scared crapless to do anything in this market you know the things i tell you 32 trillion of debt 32 trillion of debt 32 trillion trillion. We may have two trillion in deficit this year. We know it's one and a half. We've been told our debts go into 50 trillion. Invest? Are you high? Who wants to invest? That's where we watch the market. And we watch the roadmap. And do our very best to drown out everything else.

and when right try to let them run when wrong be wrong fast and be wrong small simple as that and it's still not easy when you got to deal every six weeks with the Fed when you have to deal with the Marxists in DC and yo they're Marxists 32 trillion of debt on top of all the spending

they have done dictates their control freak Marxists. So who wants to invest? We just had a bout of inflation. You have a central bank that's been out of control and wrong on every step. Who wants to invest? Well, I do if the market tells me so. And that's the thought.

It is 3.43 p.m. Eastern time. We're doing this early because I have an engagement. that I must get to and you never know what kind of traffic you're going to get as I cross I4 even though it's much better

these days in central Florida the Dow's up 567 S&P 78 by the way that's only 1.7% but it could be important S&P up 79 NASDAQ 282

NASDAQ 10029 let me repeat Apple up 8 Apple up 8 Apple up eight is a $120 billion market cap. Eight times 15, hold on, eight times 15.8, 110 billion market cap. You know how many companies in the S&P are worth 110 billion? I don't think many.

That's how gargantuan Apple is. It's amazing story. And this is moving on flat earnings in a three, percent drop in sales market conditions whatever's happening here but I repeat again and must repeat and I know a lot more after the close coming into today 65 percent on the low end 70 percent on the high end are in different levels of bearishness with some brutally beaten up. And of course, the worst of is the financials. Today, financial's good for a change. And I got asked about the financials. And the answer is, yeah, if things get normalized and we get

past this, this is going to be some good money to make if you got the grapefruits. Up next, we'll take you close to the close. I'm Gary. This is the one on the Investor's 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 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. 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. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low...

Listen. So we sat there. listening. That was the first time I learned that quiet can feel full. Hershey's, it's your happy place. At the time, I've learned some things,

like the value of the family, the importance of the job, and that the 99% of the people of more of 50 have the virus that causes the Culebrilla. Although not all the persons in risk the will be

the risk, I see the eruption dolorous with ampollos during years, making that even the tasks more simple are all the real realtor.

Not learn about the Culebrilla to the way to talk or pharmaceutical patrocinated by

GSK You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, Go

Action! Investers Edge with Gary Kulp And welcome once again to Investors Edge. It's 3407 p.m. Eastern time. Daup 547. S&P 76, NASDAQ 273. The NASDAQ has not broken above range as we speak.

And my weekend scan, let me tell you my weekend scan what I'm going to be looking at, have any of those bombed out areas or names, do I consider they've bottomed? meaning not just a bounce. I can sometimes tell from one day. Sometimes. I'm noticing some extraordinary moves and some semiconductor names today. I'll be looking at those. But just so you know, bull markets, real bull markets, I can fill up two pages of legal pads, full pages,

column after column after column of stocks that are trading above the 50-day moving average, which does not mean they're ascending, but they're at least not hurting the market, or they are ascending. I went through at 1 o'clock today, in the midst of being up nicely today, the whole market smith, that's the software I have, printed product index down to 400,000 shares average trading. I don't have a lot. Let me put it that way.

There's not a lot. There is not one finite, well, Visa held the 50 day. That would be considered a financial. There's not one financial. I have one oil on there. Oils have been dead. And amazingly so. Remember oil gapped up on OPEC?

OPEC den now. they are going to raise production and you gap down prices excuse me they're going to lower production and gaped up prices they took it all back and more so I got one oil that's back above the 50 day I believe that was I have it on my list here somewhere one oil where to go darn it I'll have to find it So that's two areas, for starters. Was it Shell? Let me see.

Shell back above the 50 day. There you go. I just found it. Semiconductors, I'm going to guess there's maybe a couple of more back above the 50 day today after only sing maybe two or three. And certainly nothing getting going. On top of the fact, many have broken down recently. and on and on and on and on and on.

That's how we scan. And that's how we do our webcasts for our peeps. Every night during the week, and on the weekend we usually do two. We will do webcast showing price movement and the roadmaps. And the first thing we show what to avoid. If you can stay out of bare markets, and bearish markets.

And I use the word market as a whole, but bearish areas, bearish stocks, to be more specific. Boy, you're so far way ahead of everything. So far way ahead of everything. Gargantuanly ahead of everything. It's how we avoided the bare market. Just so you know, the bear market was so easy. the roadmap dictated it November 21 the whole growth arena just crapped out at once boom see ya out of here so we'll see what comes of it pretty good the big story of the day the big news of the day and

we're so happy to see this and we're so happy to be wrong so far we thought by now it would be much more soft the job market it is definitely softened The Joltz list big time softened. But we thought we'd see some not so good numbers. So great. Have you ever met somebody that got unemployed? What it does to them not financially but psychologically and then having to go look for a job?

I don't think there's much worse out there. You know what I mean. So very good to see. And I know there were some people commenting today, oh some of these jobs are not great jobs every job's a good job and of course then the word upward mobility

everybody wants to move up from where they are and that's a matter of hard work sweat toil the marketing of yourself making you not expendable and then own your own business and not have to deal with anybody else

So I was very, very happy to see that. And it looked pretty good to me. And I saw some boo birds, but they were talking politics, you know. If it was their president, they'd say it was a great job number. Since it's not their president, it's a bad, and vice versa. That's how it goes. From the journalist on down. Paul Krugman on the Republican president, New York Times writer, everything's bad, Democrat president.

No matter if things are bad, everything's good. that's why our trust is low. Besides that, we have some other news of the day, but you know what? We're going to leave the not-so-great news alone for one day. We'll come back on Monday and tell you about a couple of things that are sticking out. So with 354 p.m., still up nicely. 530, 73, 273, 280 on the NASDAQ 100. We'll see how we finish.

You have a great weekend drive carefully. Happy to see a good day up. When you get home, do like we do. It's quite simple. Make sure you hug your family, hug your children. They'll feel better. You will feel better. I promise.

Have a great one all. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Today, we're exploring deep. in the North American wilderness among nature's wildest,

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