Breakthrough Or Breakdown? Stocks Are At A Key Junction | Lance Roberts

**Lance Roberts** (0:00)
If the market can hold above the 200-day moving average through Friday of this week, and through Friday of next week, right? So time is a very important factor here. If it can maintain above that 200-day moving average through Friday of next week, the correction is over.

**Adam Taggart** (0:23)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host, Adam Taggart, welcoming you here at the end of another week. I'm joined as usual by my great friend, the sexagenarian portfolio manager, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (0:35)
Yeah, I don't know about the sex part, but the 60 part is right.

**Adam Taggart** (0:41)
I'm sure we've got some people in the comments who are saying, hey, this guy is a sexy portfolio manager, but sexagenarian is a fancy term for somebody who is 60 years old, which Lance just turned a few days ago. So Lance, happy birthday.

**Lance Roberts** (0:54)
Well, thank you so much. I appreciate it and I feel 90, but hey, 60 is okay.

**Adam Taggart** (1:01)
Well, you know what, as you were saying before we turned the camera on, it's just your second time around on 30

**Lance Roberts** (1:07)
Exactly.

**Adam Taggart** (1:08)
Great way to look at it to yourself. Well, anyways, folks, please wish Lance, give him happy birthday wishes in the live chat or in the comment section below. We did send a nice little Thoughtful Money gift there for Lance. So it's collectively from all of us, but Lance, I want you to feel the love here from this audience. Very much appreciate everything you do, especially the fact that you're willing to come on for so much time every week, again and again here on this channel. So thank you.

**Lance Roberts** (1:36)
It's my pleasure and I always love being here. It's always a lot of fun. But I do appreciate the gift very much and it's very well appreciated.

**Adam Taggart** (1:42)
So thank you. Well, the gift is way too little for everything that you do, but I just want you to know that you were very beloved and appreciated here at Thoughtful Money. Well, thank you.

**Lance Roberts** (1:51)
All right.

**Adam Taggart** (1:51)
Well, look, it's a fair amount to get into this week. Real quick before we do, just one quick shameless plug. At the time we're recording, Lance, you might remember we had our little competition on X in terms of followers, and I ended up passion you a little bit earlier this year. I am now poised. I'm at 99,400 followers right now, so I'm like that close to 100,000 followers. Folks, if you don't follow me on X yet, please take a second and do. I'll put up the handle here on the screen. It's at Menlo Bear. I'll tell you guys the story behind that at some point if you're interested. If you're interested, let me know in the comment section below. The reason why you should think about following me on X is if you enjoy these videos, you like the material that we get into here, I do my best to create as many of these videos a week. We're doing about five to six a week at this point. But there's a lot that happens in between the videos getting recorded, especially in this year that we're in right now, with so much change on it happening hour by hour, minute by minute sometimes. X is really where I track that, share my thoughts, share data that I'm finding throughout the day. It's a way to, if these videos alone don't scratch your macro-ish itch following on X, you'll get the full stream. You should also follow Lance too. Lance, I think you're just at Lance Roberts on X, right?

**Lance Roberts** (3:14)
Substack at Lance Roberts, X at Lance Roberts. What do you call it? I still call it Twitter.

**Adam Taggart** (3:22)
I know it's hard. We should call it X, but everyone will know what you're talking about if you say Twitter.

**Lance Roberts** (3:27)
Pretty much if you want to follow me, LinkedIn, X, Substack, it's all at Lance Roberts.

**Adam Taggart** (3:34)
All right. And just to complete the trifecta, there also is an official Thoughtful Money X account as well. And if you don't follow that, take a second to do that as well. That's just at Thoughtful Money. All right. Enough of the commercial there. All right, Lance. So the question I've been dying to ask you over this week is, is the sell the rip guidance that you guys have been advising, is that now over? Is that been negated by this kind of monster rally that we've seen? Because I think the last week we were approaching what could have been resistance technically, and I'm pretty sure, but you can bring the chart up. I'm pretty sure we punched above that now pretty decisively. Yeah.