Rate Concerns Take Their Toll; Amazon, Palantir, Nvidia In Focus

30:41If the earnings line rolls over, it's going to do, it's going to end up doing that. There is a lag there, but still given enough time, that's what you'll see. So I think there's a lot of potential here because so many people have ridden off this space and they could be right. And this just could be a little short squeeze that, that rolls over. But I think there's enough of them go to service now you know similar look not as good of numbers on there but the similar type of thing that it was it was left for dead and now it's it's coming back and there's a number of them there now the only difference is these the earnings just don't look anything like the crm or like the the apple or the microsoft that we we looked at so you know that doesn't have to move up.

31:28But we'll see how it plays out. But I'm very encouraged with the software space because in general, it seems like that's where the money is flowing at this moment. But hopefully it's not a whack-a-mole situation. Right. A couple other areas that have been showing strength that have been getting a lot of attention. Wanted to get your comments on gold. So this is the gold miners GDX. I do have a position here still and not a good look. Again, some very classic tight action here right where you wanted to see it. But the kind of break above recent lows and down below 100, not as great. Yeah. And this isn't as much of a whack-a-mole situation as it is.

32:15This is like a double bottom or a cup that's forming, you know, you can look at it both ways. It's either a double bottom that's forming a handle or a cup with a high handle. And so you would expect further weakness on this and that would be normal and natural. Now it's just going to end up following, you know, pretty much what gold does. I mean, that's what it does, but silver had a really bad close when I go to silver because they tend to trade together. And I mean, has really, that's a really ugly look an outside day running into the 200 day you know coming down like that like i if i was just looking at the gdx alone and it wasn't tied to gold and and to a lesser extent much lesser extent silver um and let's go to gold the gld that um i'd just be like oh it's just going to go and drift down and and form a little handle but when you've got to look like that that's not that doesn't look good to me what do you think no yeah i i was not pleased so i i ended up doing some selling on in my position but i still have a little bit left uh of my gdx that is um let's go to one more sector and then we'll move on xbi because xbi you know just for the whack-a-mole thing because that was looking so good yeah and that's why i'm kind of tempering my enthusiasm with the IGV, even though I went kind of heavy there, or very heavy, just to be frank, that this is what I'm concerned with.

33:48This was looking fine. And I think there was some news that came out today. I didn't get a chance to read it, but then it just, that fell out of bed. And it could also be the interest rates impacting it as well. But I think there was a Wall Street Journal article that someone told me about. I just didn't get a chance to read it. And just so folks know, on MarketServe, you can go to news and there it is right there. China is a threat to biotech's massive bull run that was published in the Wall Street Journal. So, yeah, something we were talking about on IBD Live this morning. Definitely worth a read just to kind of get a sense of what's happening.

34:24I'm going to throw one more sector at you. Sure, why not? Just because we covered gold. Why not cover the black gold with oil? Here's XLE. Let's go to the OIH because I think that one was looking even better from memory. Yeah, I mean, I just like the look of this one better. And pull up SLB, I think that had a pretty good day today, if I'm not mistaken. And yeah, I mean, look at that chart. Looks great. Now, obviously, you know, it's tied to all the news out of, you know, Iran and D.C. and everything. So that's what scares me about this area. But if you're just playing off the chart, that's a solid breakout.

35:07You know, it was not a solid breakout yesterday, but it followed on today in a solid way. I mean, that looks good. And there's a lot of, you know, stocks in that group that have been trading nicely. And so I'm open to that space. Go to XOP. I think that one looked okay as well, if I'm not mistaken. Yeah. And that one actually in some ways looks better than the other ones because it's sitting up there on top of the 21 day up near new high grounds and doesn't look like it's setting up to be bought. But if you're in it, it looks fine as long as it stays above this week's low. I think you ride that trend because it's a double bottom with a high handle.

35:53It was a double bottom with a lower double bottom handle. now it's moved up to form like right either a handle up on top or just another structure so it looks like it wants to go higher but man that news is i don't know how to predict it do you know what's going to happen next week with iran i'll tell you in a month okay so um very good uh let's go ahead and get to some of our stocks that we're going to cover and let's start with amazon um good look here i again i do have a position on this we put it on swing trader um Look, this is one that I'd played before, and this was a punishing move down.

36:31Very, you know, very against expectations. But it did kind of stabilize a little bit, although I was not pleased with, again, I didn't have a position yesterday. And it just looked like it could go even lower. But that kind of all turned around today. What do you think? Well, I have a position as well. It was stocks, as Bill used to say, they either wear you out or they scare you out. And this one wore me out. Like, just on my watch list, I had traded it, you know, post-gap and all of that and then, you know, got out of it because it wasn't working out. but I was still had it on my watch list because I was like okay this is such a key stock because one because it's a mega cap and because of its reactions on on that earnings you know that was very typical for Amazon if you go back in the history of Amazon and for some reason Netflix they have these weird things where they would kind of gap up from the low of their bases and then go for a long run throughout their history and so I was like oh it's going to happen all over again and I was really hot and heavy on it.

37:42And then it was just this, you know, like grind lower. And then finally yesterday, I'm like, I'm just going to take this off my watch list. And then this morning we're on live and all of a sudden, cause I didn't have it on my list anymore to see. And all of a sudden you brought it up and it was up. I'm like, are you kidding me, man? Are you finally taken off? So it's kind of, that's how the way the market works is like they, they finally gets you worn out and then they go. So then we ended up putting on swing trader and I've bought it as well. I think this will be a good tell for the market because this got as bad as it should have gotten given those solid numbers that it had.

38:20This should be the beginning of a move higher. It doesn't mean it's going to happen, but you want to look at a stock or an index and be able to have a clear expectation of what normal and natural would be. What would be normal and natural for this one would be to just move higher next week, regardless of what the market's going to do. Let's see if that ends up happening. I don't know. Let's hope for our sake, since we both have some, I don't think it's too late to be bought here. And I think if some people wanted to wait for even more to buy it, they could, that's not really my style, but if you wanted to wait for the marked high, the 274.75, which is, yeah, right there, you can wait for that.

39:02You can wait for the normal high, the 278.56. You know, there's other places in there that you could wait for, but, you know, as far as I'm concerned, the expectation is for it to move higher. So if that's your expectation, you get on board and you have a stop. So where's my stop? Today's low. If I wanted to be even more forgiving with it, it would be yesterday's low. But, you know, certainly today's low on a closing basis, I would have to be out because then it would be an expectation breaker. Yeah, makes sense. And then let's also go ahead and take a look. We talked a lot about software and the strength there.

39:41One of the top, you know, one of the top names in IGV is also, in addition to Microsoft and Palo Alto, Palantir. Getting above this little shelf, if you will, that it popped its head above last week and now a little bit extra on there. I mean, not a big move, but considering how a lot of things closed, holding up very nicely. Yeah, I have a position in this. And I do have a position as well. We have to repeat it each time. Yeah, I know. I'm sorry. It gets old for us too. So with this, just kind of shows you how frustrating the market is. It had that nice gap up on earnings and then that move a couple of days after that.

40:29And then I had this little kind of loose shelf. And in there, it just kept on like looking like it was going to go. So you jump on it and then it would just like go down enough that you're like, okay, I got to exit and get back in. And it's done that, you know, I could see one, two, three, four, five times, you know, at least four times in there where that happened. I was trying it every time. And then, you know, then you had to give it another shot. It's not easy. Like just because you'll buy a stock bag doesn't mean it's like, especially in an environment like this where you get chopped, just keep going back into it.

41:03But there's a reason for this one. Let's go to the weekly on this one. Kind of like the ones we were discussing before is it had fallen out of favor for a while. And those are where I'm gravitating towards right now. because the ones that are kind of running into more trouble right now are the ones that ran up so much already. And I think even if, I don't know what they're going to do, if they're going to digest or just move up or they're done, but I'd rather go into things that look like this with solid fundamentals. Look along the bottom. Look at those numbers are just massive. And that earnings line, that green earnings line is just going straight through the roof.

41:44So if the price is going to follow the earnings, eventually it'll go up like that assuming that the earnings don't end up rolling over that doesn't mean that you're going to be able to withstand the volatility but at least you have an expectation that that it's kind of gravity pulling it towards wherever the the earnings line is so it's going to pull it up but um you know so these are the ones that i like all the ones that we talked about that have been kind of going down like this, but then formed a base and are moving up. That's the look that at least then you have an expectation that they should move higher rather than guessing your favorite DRAM stock.

42:26Is it going to work out right now? Because I think that even if they work out, it'll probably shake you out before they go higher. So I'd rather play with a higher probability one. And I don't like that it didn't go up much, like you were saying, but at least it wasn't down with so many other stocks were down today. And go back to the daily. The other tell that you try, you're always looking for tells. And you always want to try to find a non-correlated asset. That is like the most important thing in the market. If you can find something that is truly non-correlated, and especially when there's panic and blood in the street that is non-correlated, whether it's going with the direction of the other stuff you're trading or not, Preferably not, actually, for a non-correlated.

43:12That's what you want. And by this being so tight, the spread on there and being essentially flat, let's just call it flat on the day, versus let's go to the Qs. And I have a position in the TQQ. With this one, you know, a wider spread closing at the low is a completely different look. So, again, just kind of not trading in line with that, but in a positive way. So non-correlation is a good thing, especially for your portfolio. And, you know, especially when that's relative strength, right? You know, you see relative strength on Palantir, of course, because even though flat on a day like today is positive, right?

43:54Yep, good point. Absolutely. Well, something that wasn't flat, unfortunately, is NVIDIA. That came down, undercut the lows, not a good look. Again, I still do have a position in this. Give us your thoughts. Yeah, I have a position as well. I did something really rare and I did buy it before the earnings. It's not something I normally do. I didn't do it in a huge way, but I did it bigger than I wanted. But I thought, let's go to the weekly again. And this was off of Fundamental Play, that same kind of playbook, but a little different than the other ones. Because the other ones we were looking at, the Microsofts and the Palantirs, they had those downtrends or the CRMs had a major downtrend where this was just kind of stair stepping higher, meaning you were just forming a base and then it would move higher and form another base, sometimes undercut the last one.

44:47And that was very reminiscent of Cisco back in the nineties. Cause if you looked at Cisco in the nineties and we don't have to go there, that it would form all these bases. Like you'd step back on a monthly and go, Oh my God, all you needed to do was just buy Cisco and just sit with it. But then if you looked at it on a daily basis, you're like, wow, that would have been really hard because it traded a lot like that. Ultimately, it would go higher, but man, it would wear and scare you out nonstop. So it was going sideways. RS line had been going sideways, but the price had been moving higher and built this nice little base.

45:21And really it's about the fundamentals on the bottom. I mean, look at those, just the acceleration on the sales. I just, I've never seen anything like that. Like Those types of numbers, that steady acceleration with the big numbers, all the zeros that they're putting after that. And I think this is the largest market cap. If not, it's close to it. I think it's the largest market cap one out there. And to put numbers like that on the board, it should go higher. It doesn't mean it's going to go higher. Today has kind of freaked me out a little bit that it didn't go higher with those types of numbers.

45:58It was getting hit as hard. But let's go to the daily and see what we'll kind of walk through that. So when you have a breakout, and I've done lots of studies on this, and an old friend of mine from the 90s and old PM, Adam O 'Neill, had done a study on the day after breakout. And they would look ugly and horrible. and he told me he's like look this you know study it it it ends up working out that you can have an ugly day the day after a huge breakout you just don't want to close underneath the low of the breakout day uh now so this is where it's a touch of gray it closed underneath the the opening low um but it didn't close under the the true range so it's kind of in between so you kind of split the difference and go, okay, you know, we backed away with some of our position on, on, on swing trader.

46:54If it was a run in the middle of stock, we would have just sold the whole thing, but we kept half of it because of that, because, you know, because of the fundamentals and that solid breakout that it had. And this is kind of the poster child for AI from a quality standpoint. If you're a big institution and you, you go hide an NVIDIA and it doesn't work out, you're not going to get in trouble you go hide and sandus now or micron now and it rolls over you're going to have to pay the price for that so this is kind of one of those places just like cisco back in the day or microsoft way back in the day in the 90s or even home depot or dell there were certain ones that you could kind of just get away with or ibm any of the blue chips back in the right you know like before we were born time you know or when we were little babies.

47:45So now you're a grandpa and all, so you're getting old. But anyway, to wrap this one up, what do we expect? Not for the weakness on Monday, like this would be because what happens is after a big gap up, you can have that ugly day. Now, it doesn't mean it has to go up through today's high, but what would be normal and natural would be at least something, you know, maybe going sideways and then giving you a new entry. So if you're not in it right now, don't buy it. Why does it jump in front of that freight train? You had earnings come out, gapped up, and then it had this terrible day down 4.5%. But we wanted to talk about it to watch it and see if this ends up setting up for you and it gives you an entry.

48:35It's still above the 21-day, barely, and certainly above yesterday's or the day before's close. So it's not underneath, you know, because it really, if you, you know, if you had a blue marker that you could do vertically for yesterday, it's not underneath the true low of the day, but it is underneath that, that other one. So not a good look. I do think that this ends up having big implications for the, for the general market, certainly the Qs and the NASDAQ on how this one ends up playing. So we'll end up saying, well, it's going to be a long weekend. Not a long weekend in terms of a holiday. The market is open on Monday.

49:19I can't believe you thought the market was going to be closed. Silly me. Well, I'm going to turn things over to you for your charts. And to your point on NVIDIA, those stellar numbers, those stellar growth numbers are not coming off of small numbers. Like it's not like coming off of there's a lot of zeros behind that. They make a billion dollars a day. Like that's that's where they're at now. Oh, I didn't I did not know that stat. Wow. That is crazy. And I will just clear the air in case I forget. I was the one who thought Monday was going to be a holiday. I really did. OK, so now we're going to do the we're going to go through all of my charts and we're kind of just letting each one that we look at kind of paint a picture.

50:05um in isolation and then we'll step back and kind of look at it from a mosaic standpoint of what to expect so this is the bob we are take a step back look at a larger time frame this is a weekly of spy and we are um we're just looking at the candles and trying to get some information so what is this telling us wow it's really tricky because if you just looked at the the body the blue part, they're like, oh, that looks pretty good. But then if you look at that top wick, you've got a longer top wick than your bottom wick. And to me, that tells you either sideways or down because it's kind of another way of looking at stalling.

50:47But then you look at it in context with the prior week and, oh, well, you held the lows essentially there. So if you look at it in the context of that sideways, if you just look at the bar, you're thinking more lower or an inside bar. So that's just one chart. We will see what the next one is. So now you've got the NASDAQ. Now with this one, we have that same problem with the larger top wick than your bottom wick that gives you a sense of not necessarily stalling because of the position that it's in, but just a weak close. But to me, this one actually looks better because you shook out underneath last week's low, and then you close up above it, which gives you this implied thing of moving higher or at least sideways.

51:37We'll go to the next one and see what that tells us. Now we've got the regression lines, but they're still too short to end up using right now. But I just wanted to put them on there. By short, we need at least 50 days. We'd like to have at at least 34 days before we draw these on there. But I just thought I'd draw them early and just get a sense of what's going on. So it doesn't look as bad when you look at it through this lens. But again, we just don't have as much data as we'd like. Same thing here with the NASDAQ, doesn't look as bad. And I'm starting this off at the bottom there on July 29th.

52:18Let's go over to the RSP though, because this one is interesting. This one has held its channel the whole time. We started this one off on April 8th on the follow through and went out 50 days and stopped it. So that's on June 16th. So that these lines, and this is just a regression analysis and we don't have to get into all of it there, but the white line is your regression line or your line of best fit. And it's holding that and it's still tracking that. What it can do, as it did over here, is fall outside your minus one standard deviation, which is your solid green line. That happens all the time.

52:57But then it's what happens after that that is your clue. If it goes underneath that and then stays under there, which let's look at SPY again for a second to just kind of show how that works. over here during this one, it was in this trend, then fell out of it. And then it was living under it for three or four days at that point when it's living underneath it, meaning your high isn't even going up to the solid green line. You're saying, okay, that trend is over. And of course, that's exactly what happened there. Let's look and see on the NASDAQ. And this happened, works really, really well. Same thing here.

53:34Once it fell out of it a few days, it was out underneath it. Okay, that trend is done. So with that in mind, with this RSP, we're still in there. We could come under here for a day or two, but you just don't want to be under here for three or more days. And at that point, that trend would be over. Eventually, this trend, it's so tight, It will be over, but right now it's still intact. Now we'll switch over to our 50 % retracement. I'm still using the old levels from the high and low in June, and we're still above that. So that's a good thing. Look at the NASDAQ. Still using the high from June and then the low here from July, and at least we're in the northern hemisphere.

54:23and so that's a good thing but we would really prefer to be above there the way spy is okay now we're going to move over to our levels to watch let's blow this up a little bit so the green is where we tried to go through today which was the old high from over here on the fourth and it got turned away so that's not a good look you would have wanted to close above it, obviously. But I could have put another line at these lows here, but I didn't want it to be too cluttered. So we're going with the low from this day as our first line in the sand, the 760-28. Our important level is really the low of the third there.

55:06Going below that would really have a bad look because it would be significantly underneath your 21 day as well as underneath your 50 day and then giving all of that back. So at that point, that should really kind of be a solid line. That's your major line in the sand. And you've got the ones below it that we talk about often enough. Same thing here on the NASDAQ. With this, it doesn't look as good as SPY as we've talked about before. So with this, I mean, you could say today's high you would want to go through, these highs you would want to go through, which are about the same level. And certainly this low here on the 24th is an important one.

55:53And just one sec.

55:58Did my mute button work? It did. Oh, awesome. Thank you, Coach. Okay, so here is Coach bought me that mute button for when I have to cough. This is my Webinacci indicator. Very, very simple. There's a bunch of moving averages. I use the FIB numbers on there. So like three, five, eight, and so on. That's what all these lines are on here, all the rainbow of colors. And then the white line is your current, just the current price. And what I do down at the bottom, and this is how you interpret this, is you just look at each one of those. if a three, if your three day moving average is above your five day moving average, you get a plus one.

56:42If your five is above your eight, it gets a plus one. If your five is above the 13, it gets plus one and so on. So you just tally up all of those. It's a way of saying, are they trending and stacked nicely? Like over here, when it's this accordion during this time, it's going to be at its max level, which with these calculations, the max level is 45. That's telling you you're pinned to your top. And it helps you in a way of just kind of giving you reality so you can't argue with it. You're either trending nicely or you're not. And through this lens, you're at a 45. You're trending nicely. Now, it might not feel like it, but that's just the reality through this lens and why we don't just look at one thing.

57:27We look at several. Let's take a look at the NASA It's a composite. That's back up to 45 now as well. And let's look at the RSP. And that one has been pretty much pinned up near the top most of this time. And it did kind of come down a little bit. So now we're down to a 43. For fun, let's look at the IWM. And that's all the way down into kind of getting into trouble going through its yellow line at 35. So that's more of a concern. Let's look at IGV. I haven't looked at that. And so this one is moved up. So it kind of completely different position. And again, I have a position in it. This one is at 44 now.

58:12So almost, or really should be, yeah, there must be one that's not on top of the other one. But so it's almost all stacked nicely. We'll move to the next thing. and this is just keeping it very simple the just using the 21 day and i like to focus on is my low above the 21 day or is it my high stuck underneath the 21 day and when i'm confused with everything else which happens a lot to all of us myself included some of us admitted some of us don't i will just look at this one because it just cleans everything up and i can just say what is reality? Am I too bullish? Am I too bearish? And when your low is above your 21 day for a long period of time, then you should be bullish.

58:59And if your high is stuck underneath it for a long period of time, you should be bearish. And then with this, it's just a little bit above it. And we're going to circle back to this in a second with our Webby RSI. Before we do that, we'll just look at the NASDAQ, the same thing. So we've got our low above it for two days. now i'm gonna switch over to that web ersi chart and it's right now okay so here is spy with um the web ersi and that's the little histogram at the bottom and it it looks complicated but it's not all this is is just measuring your low versus your 21 day exponential and then it just expresses it in average true range or an atr and when you have a nice trend you'll get this wall of blue Let me, you know, kind of zoom out a little bit.

59:48Like over here, you had the nice wall of blue or in this time frame and midnight 25, you had that wall of blue where you're just moving up there nicely. So now we're getting brick by brick. We're getting, we're starting to build. It's just not very powerful, but we are getting, you know, each one of these histograms higher than the last, at least over the last four days because we didn't have one. Then we had a tiny baby one. And now we have two bars that are expanding. So we'd like to see that at least get up to one, if not be on there quickly. And we will look at the NASDAQ. This one, you know, we've got two bars on there.

1:00:29So it is a start. You got to start somewhere. Now we will switch over to the off high indicator, Bob Marley off high indicator. And this is just measuring your low versus how far off your highs you are using the low of the bar and also expressing ATRs. So the green area is within four ATRs of your high. The yellow area is four to eight. And then beyond that, then you start running into trouble into red. So with this, and we're using the VOO for SPI because SPI had a bad print in there for one of its lows. And what you're doing is saying, okay, once it hits a substantial low, like it did here on the 8th or 9th of June, that at that point you were, what were you, like four and a half ATRs off your high.

1:01:24So on further pullbacks, you want to stay above that or at least at that level. Sometimes it'll go slightly below it, but you don't want a major breach of that level. That's just telling you it's healthy and normal. think of it this way it tested it once and then anything that tests it less than that is normal and natural anything that that tests it more than that four and a half atrs that's when the the market is running into trouble and you can see that over here um during this time frame it was pretty much staying up in this area of like three and a half atrs then it started getting a little bit worse which was a little worrisome but then you moved up near highs and then you saw this kind of fall out of bed.

1:02:09And it's just another way of kind of protecting you by looking at that to just make sure you're living in reality. Let's look at the NASDAQ. This one is a bad look from that standpoint in that you hit a low here about two and a half percent, give or take. Then you went all the way down to five. So you doubled it. Then you went lower. So it is The broadening would be one way that you could say it's just getting bigger and you don't want to see that. It's good that this one held up, but still that damage there, you know, it needs some time to repair. Let's see what the IWM is looking like. So this one, well, we're still early because today was just your break.

1:02:53But if this continues lower, you just don't want it being, you know, more than this three and a half that we had over there in May. And I think that's all she wrote. Well, good wrap up. A lot of things to consider. And again, as you said, I think the big takeaway here is we're a little bit in a wait and see, you know, right now. We just really have to kind of get a little bit more data to determine, is it back to the whack-a-mole that we've been seeing over the last few months here? Or is this truly something that we can pull out of and continue the trend? And especially some areas are looking better than others.

1:03:33some possible rotation of software being one of the big beneficiaries right now. But yeah, any closing thoughts? Yeah, so you did a great job with that summary. And I would just say, I would really keep an eye on that software area because it does, especially the ones, the CRMs, the ServiceNows and the Microsofts and all of those, that it looks like the money is rotating into and it just starting a move or even an Amazon. on it and you can search i mean there is so many good ones you can just do like with your screening you can look for like um really good high eps rating and not so much the other stuff to just get quality ones in that space and look at the sales as well and start paying attention if you use market surge look at that earnings line and really put that as part of and it's on a weekly only.

1:04:28Just put that as part of your routine and start thinking in terms of the stock wants to follow its price eventually. And it's a slow move, but if you're trading something, the earnings are rolling over, you really better know what you're doing. Is there something that's changing in the future because are the estimates going to be coming back? But you really want to be careful with those, but the ones that are accelerating, that's kind of your best merchandise. I do grade my stocks all the time. We talk about that on IBD Live as well as on here. It's a big part of what I do. And I've been asked a lot, like, hey, could you do a video on it?

1:05:09So I finally did it, thinking it was going to be a three-day weekend. So I have it queued up to go because I was like, oh, this is a perfect one for a three-day weekend that isn't here. And so that drops tomorrow on my YouTube channel, Webby5150, How to Grade a Stock. I think it's a really good one. I think you'll get a lot out of it. And so hopefully watch it. And happy birthday to Chloe. And how's Grandpa Saint doing? How's your little one? Yeah, my little one-year-old granddaughter is learning how to climb stairs. Oh, that's scary. Oh, I'm scared. I watched I I was babysitting her yesterday and that's that's that's what we did all day was just you know up and down the stairs.

1:05:52Me right behind her of course. Oh yeah as long as you're there it's a blast watching how excited they get. And by the end I mean after we did it a number of times man she was zipping up those stairs quick you know. Oh that's awesome. But she's very pleased with herself and then I was trying to teach her how to you know when she goes down the stairs to sit on her butt. You know she just wants to you know go stand up and you know do that. I'm like, no, no, let's sit on your butt and scooch, scooch, you know. So, yeah, we'll work on that a little bit. So, yeah, fun stuff. Fun time. Well, enjoy your concert tonight.

1:06:25Have a good time. Buddy Guy. Oh, my gosh. He's 90 years old. If he's making another round, man, he's one of the best entertainers that has ever lived. If he comes to your town, make sure you go see him. You will not regret it. And yeah, I got to get out of here and head out. So peace out. Well, thanks for the insights. We really appreciate it. That's going to wrap it up for us this day, this week, actually. And we'll see you all back on IBD Live on Monday, August 31st. We'll see how the month plays out, how it ends. And we'll, of course, be watching very closely to see how the market reacts and whether or not those rate cuts determine that, hey, you know, we're going to have to go sideways for a little bit longer, or can we pull out?

1:07:14So we will see and hope you join us on IBD Live 10 minutes before the market open. And we go a full 100 minutes into the market session. Join us for that if you haven't already. Investors.com slash IBD Live. Join the podcast that Webby talked about with his Webby 5150. The Webby rambles on. And then also Jim Ropel was on the Investing with IBD podcast this week. so check that out a lot of uh thoughts on gold biotechs uh and uh you know everything else but a lot of setups that he was noting uh so very interesting this was before yesterday's action so lots of great stuff lots of important content for you to take a look at over the weekend hope you all enjoy it take care everybody

1:08:13This show is for informational and educational purposes only, and nothing should be construed as a recommendation to buy, hold, or sell any securities. Any securities and investment strategies discussed may not be suitable for all investors. Make sure to consider consulting with your financial advisor before making investment decisions.