Carl, thank you very much. Welcome everybody to overtime. I'm Scott Wabner, you just heard the bells. We are just getting started here at post night at the New York Stock Exchange. In just a few minutes, I'll speak live with Kim Co- portfolio manager Aaron Brown and get her current

playbook on the markets today.

Ospreys Dwight Anderson, a so-called Tiger Cub is with us on the life and legacy of Hedge Fund pioneer Julian Robertson who sadly passed

away today at the age of 90. We'll get his reflections coming up. We'll begin though with our

talk of the tape whether stocks are set up for a big Friday fall or

positioned now for another leg higher let's ask Verdes investment partners Joe Terranova

with me here on set cebecb contributor, member of the Investment Committee.

The state of the rally is where I want to begin with you.

Mike Santoli said the market is caught in between ahead of Powell.

What do you think?

Well, first of all, today was a classic August that feels like a Sunday day.

The volumes were incredibly light, but I'm still Scott inclined and I know I'm in the

consensus and the emails are going to come in really

quickly and I don't look at Twitter a lot but I'm going to get the negative tweets.

I'm still inclined to try and find a spot here within the moving averages to take and reestablish

another long position in the queue. So, okay, I know you were talking about that the

last couple of days. Why are you more inclined to buy today

than you are to sell?

So I think at a listen to the halftime report,

Josh did a great job talking about this.

You bump your head against the 200 day moving average.

Okay, that's where the momentum, it disappears for the bulls.

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