it barely dips in the red and now strong rsi, good momentum index doing good a series of higher highsnd higher lows. and northrup grum man after the smooth sailing it climbs to an all-time high. bottom line in a tough economy the defense contractors make a ton of sense and the charts interpretted by bob lang suggest that all of the companies could substantially more upside going forward. my favorites are raytheon and l3 harris georgie in pennsylvania. >> caller: booyah, jim. >> what's up. >> caller: well i have a question for you i just retired in january at age 73 and thankfully have a considerable portfolio of value dividend paying stock. >> excellent. >> caller: thank you my question is on general electric which i bought for my grandchildren's custodial account some time ago around $13. i would like to know your thoughts of investing in ge at the current low rate for my portfolio to expect a return within the next five years or so. >> okay, five years, okay. georgie, there was a negative piece put out this morning by jp morgan called one of the most over valued names in the market.

and the book is about, you can't walk in my shoes -- mine rsi is won by the way -- they can walk side by side which is vitally important. to get to know people, just like this gentle man on the plane, we talked the rest of the flight. he was a sports person, so am i.. we got to know each other and started to break the ice. the most important thing for me that plane ride was to make sure that he would talk to someone who was different the next time, that he wouldn'txt shy away and never look at them or look down into the past and because nobody likes to be overlooked for whatever reason and it is so important for me that they to leave him with a positive moment so when the plane landed, he got up ande said i noticed when you sat down somebody lifted your suitcase up. i said i have that affect on people, i can look up i'm not going to catapult the thing in their. he said well, can i get it down for you and i said yes, thank you so much. that wouldn't have happened had i not started to talk to him and we started getting to know each other. so, when you try to influence people, intimacy a

the stock is range bound or trending look to buy a range bound market when an oscillator such as the rsi falls into oversold territory and then moves back above it look to sell a range bound market when the oscillator rises into overbought territory and then drops below it. i'm lee bohl and schwab is the better place for traders >>> welcome back it has been a bad week for energy but a tough week for the banks also the kbe down more than 40% so far this year. and it could get even worse. our next guest says the dramatic decline in oil could keep the banks in, quote, earnings hell through the second quarter for more, well maybe not, i guess we got to do this, mike mayo is here, senior bank analyst with wells fargo security earnings hell. what does that look like, mike >> well, you had earnings hell in the first quarter for the banks and it looks like there will be more earnings hell for the banks in the second quarter. you had the three rs, you have a recession, and consumer spending is down one-third by some estimates, so if the economy is 60%, the consumer, that's gdp down 20% off the ba

if we look at the rsi on the s&p 500, it is nowhere near overbought. from -- what you would want to see is a set of lower highs. you're just talking about the s&p 500 numbers. it is stunning what we have seen in april. we may be down 9% from the all-time high, but in the month of april the s&p 500 on pace for its best month since 1987. much of this has to do with the big make a cap momentum strength. around 20% of the index is made up from some of the top five tech stops. take a look at the faang index, up 19%. apple and amazon, amazon up 24% in the month of april. both apple and amazon report after the bell. it will be interesting to see whether they deliver results that match that performance for the month of april. david: thank you so very much. we will go to some playback from what president trump said at the white house a few minutes ago. will be atrump: it spectacular year in terms of growth, in terms of bringing our country back. we will have a good year. we want to be where we were. we can surpass where we were. we were the strongest anywhere i

let's go by the data when the 14 week rsi for the s&p 500, a common slater looking, reached 22 on march, the week closing march 20th, any time it's done that in the past, since it's been a 500 stock index, you have had a relief rally just like -- median 17%. the test of the low comes a median 28 days later, and it gets half the time it broke the low marginally, and the other, with 2008 being the worst exception. so our call is simple. the market crashed if you're going to look out ten years from now, it doesn't matter if you wait for the low the stimulus is going to be a generation aloe. however, human nature is driving the bus here and human nature really reinforces after a crash, after around over sold condition, that you test that low, i wish it weren't true, but that's the data. >> we look at the data, and that's why we have you on. tony, thank you very much. a very good discussion there around some serious topics we have a lot more to go a short break, but a lot more coming up on fast money. >>> have we come around a corner a little bit, in terms of what we all care about, and that