WHERE IS THE BOTTOM?...ARE WE GOOD NOW‼️

Hey, what's up good people? How you doing? Welcome back to Stock Up with Larry Jones. We're going to get into it, right into it. We're going to talk about the market. Uh Palunteer just had their earnings. We're going to play that. Tom Lee just came out with an announcement. Uh he's shifting what he thinks uh for the for uh going into summer as far as what the market is do. I disagree with him. I'm going to play that and we're just going to get into the overall market as it pertains to your money. Remember, anything I say is not a suggestion for you to buy, hold, or sell. I'm just telling you what I see and what I think. Okay, let's get right into it. We had another another whopper of the day. every since the FOMC meeting with that fake out fade. Look at what happened. Everything green again and not by a little, really nice green. You can see here the NASDAQ up 2%. Uh the S&P up a percent and a half and the Dow Jones 1.3%. We're talking really, really, really big numbers. And for the week, we could see that we're all green. The stock market keeps hitting new highs. For the week, the NASDAQ is up a thousand points. Let's go straight to the month. We could see that the NASDAQ is still a little down. The Dow and the S&P are doing well. What are we looking at as it pertains to our money? Right now, I'm going to play you one little short clip of this woman that was on CNBC. I'm going to play Tom Lee also. Uh, but she thinks that the Fed will not raise interest rates at all. She's actually hawkish and she says that she's actually uh probably looking at a rate cut. Uh, pay attention to this. >> Thank you. So it's interesting because everybody's in in a tizzy thinking that Kevin Worst is going to raise rates. You think that there's nothing happening and you're actually positioning CL you're looking forward to next year and you're your base case is a cut. >> Yes, we we are thinking that at Morgan Stanley. So I would say that everyone's talking about you know this raise. We don't think that's going to happen this year. We think it will stay pretty neutral. And even when you see what's just been happening over the weekend or since last week with growth stocks, people piling back in, looking at the opportunity for, you know, opportunities there. And then also with energy oil taking a hit, it it could be another indication that perhaps we will not actually get another rate hike. So now what I'm going to do is play you Tom Lee and then I'm going to um comment right behind that. >> You shook me because you said that we could have before ending the year much higher that we could have a what was the draw down you said it I could have gotten to a six handle on the S&P based on the numbers you were talking about. >> Yeah. Something that'll feel like a bare market. You know 10% kind of draw down. >> That's what you thought. It was not a good month in in for July and you said that it was even for what you were expecting it was not as positive as you were thinking but it the averages didn't do that. They there was a day where the Dow went down 1250. Who knows what's going you know that was an AI unwind for that hedge fund to to explain it. Doesn't matter what caused it. It did get down what 7,200 nowhere near six. >> No. So he expect he expected it in July. I expected it it later between August and October which I'm still sticking with but not as much. Okay, so let's continue. >> Maybe 73. How low did I I'm I'm just off the top of my head. Is that enough now? Uh well, you know, I think August is a month to recover what how June and July have been sort of flat months, but earnings have >> earnings estimates have gone up a lot. So the stock market's kind of a coiled spring and then we had a huge deleveraging as you're talking about because of the AI unwind and Korea's policy makers panicking. So I I think the markets could actually rebound strongly this month. Like maybe we get to 7,800. >> This month the 7,800. >> Yeah. For the S&P. >> Is that forecast for the 10% draw down still intact? I think >> it is. >> Yeah. So >> can't you take that off the table? Just Will you do it for me? Say it doesn't have to. No, I'm kidding. Um so we get the 7,800 maybe a 10% draw down then close the year above 8,000. >> Yes. Yeah. I think because as we start to look at 2027, there's a lot of the clouds that are heading this year kind of lift. You know, the SpaceX unlock will be behind us and the market testing of the new Fed will be behind us. So, I I think and then of course there's already been a leverage unwind. So, I think 2027 could be one of the best years for the stock market. >> And you think, >> all right. So, Tom uh expected it to happen uh in uh August and I don't I'm sorry, in July. He expected it to happen the draw down. I did not. Right. I expect it to happen from now until October. Now he still has a 10% draw down. We both agree that the year could end higher. Could All right. And I we both believe that 2027 uh could be setting up to be a good year. Here's what I think. Okay. I think remember I drew this I drew this wedge uh last week and as you can see it was caught in this wedge and what now today boom we started this is not a candle okay right here we are starting to peak up right now we need to see what's going to happen for the rest of this week that's what we really need to see okay are we going to break out of this wedge and get higher highs that would be Nice. Okay. I don't want it to fall. That would be nice. Um uh I will be making money, too. Taco Trade is still intact. Here we go again. All right. If you bought the dips on the threat and you sold the rips on the reprieve, then the taco trade is real. Let me cut back into Palunteer before my closing statement. Okay, so we did have Palunteer earnings. You know what? I'm just going to play the earnings for you really quick. Second quarter earnings coming in well above Wall Street uh consensus 41 cents adjusted for the second quarter versus the 35 cent estimate. Revenue topping uh expectations 1.94 billion driven in part by its US commercial business which grew nearly 150% year-over-year. So that's a higher growth rate than the prior quarter. The defense tech company also raising its fullear guidance uh really across the board. We can actually see Palunteer right now is up 14% in the after hours. It is a whopper. Okay. Uh you guys know I sold all my Palunteer for other reasons. At first I said I would be holding uh Palunteer as long as this president is president and uh I shifted for other reasons. Um and I told you guys that of course it's going to go back up which it is right now. Now we can see Palunteer is going back up. All right. So I did say that I was selling my positions, but I believe it's going to go back up and it is. Right. So guys, the the reason for this whole video is there's a lot of confusion right now and nobody could give you a clear direction on what the market is doing. I played conflicting messages. Right now, uh, the bears turn bulls. That's easy to do when the market is green and we having all of these green days. I'm going to go out on a limb and say that we are bullish shortterm and I mean very short term. I mean weeks uh if not weak, but I believe weeks and I believe we're bearish long term especially when it comes to the NASDAQ and big tech. Remember, one new uh tweet or announcement from China, they do it faster, cheaper, that type of deal. Will Senate tanking again? Uh yes. Could that be a buying opportunity? Yes. The war not being over, right? Or the uh Fed talking really really hawkish. But the biggest thing is midterms, midterms, midterms. Now remember that an entire indicy uh could go down and a stock could have bottom out. An individual stock could have bottomed out before the indicy went down. So before the cues go down, some of these tech stock could bottom out. So you need to be a stock picker. But as far as buying the S&P 500 or the NASDAQ or the Q's or whatever you want to buy as an ETF, I believe that the better buying opportunities for this entire year is still yet to come between now and October. That doesn't mean sell what you have. I'm thankful that I didn't sell anything that I had. I'm thankful that we do have these green days and we keep going up. My portfolio was up 32K the other day and now another 28,000. Right? So, I'm glad I didn't sell, but the choice is up to you. All right? All I'm saying is I'm not buying a lot of dips right now. I am cashing up. Lastly, congratulations to two of our huge winners. We had a lot of winners today. Uh we got Derky. Look at that. Uh 3591 today. Trust the signal. That's what TTS stands for with our proprietary tools that everyone gets. All right. There are no tears. Everyone gets everything with money moves. And then uh for Gia, look at that guys. 27,672. Look at that. That is insane. And 92 cent. $27,672.92. We were just winning winning this morning's uh this morning in our options trading and I teach I live trade three days a week. We make money and uh come and join us, right? Come in, take the class and come and join. We had first time uh traders this morning that actually won big also, right? So listen in closing, I know I said in closing, but the choice is yours. If you on Wednesday were fearful and thinking there are some positions that I was up green that I could have took a little profit on and I didn't. If this was Wednesday, I want you to rewind and look at those positions. Remember, I'm not telling you to sell all your stock. I'm not. You could sell 10% and take profit because professional investors take profit, right? Or you could set stop losses. Of course, they don't they don't work after hours. You could set a trailing stop-loss. But look at it. Now, I only say this when we are green. All right? I don't say it when we are red. We're going to be thankful for all of these green days. Or if you think that the end of the year is going to be green, then don't worry about the red. Just hold off. Let it go down and let it come back up if it's going to come back up. But have more cash to buy the deep dips, okay? Then you will win. All right, stay tuned. If you didn't didn't know by now, my name is Larry Jones. This is Stock Up with Larry Jones. as I get used to being back in this studio. Uh we bring videos like this to you every day. We'll see you tomorrow. Live, love, laugh, and learn.