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Investors Business Daily
Investors Business Daily
IBD STAFF

IBD Live Q&A, Stock Lists For Wednesday, Dec. 19, 2024

Welcome to IBD Live! This list of FAQs and useful links will speed your learning curve.

The Ready List contains top stocks that meet our fundamental and technical screening criteria that are in or near actionable buy areas. However, IBD Live participants should analyze the chart action to determine the exact proper entries before buying.

QA Summary

Question Answer
GM from Cape Cod, All the traders jumped off the train yesterday. 100% cash. It was like the grinch who stole Christmas. GM Phil. Maybe the grinch came too early, and good for the potential Santa Claus Rebound.
No interest in buying anything today live answered
GM everyone ! GM Antonio!
I heard it....Good Morning! Hi AW, GM!
This must not be Thursday Ha!
Justin - enjoyed your interview with Kathy Donnelly. Thanks, Rudolph! She's great and excited to have her colleague Eve Boboch on IBD Live tomorrow.
Good Morning Team GM Michael
Arnie, if you know, what is the opposite of "giddy"? Grounded ...LOL
Gotta clean up the watchlists lol Ha ha, yes, and alerts need resetting?
Good morning IBD Live! Could anyone share a few books they like about the mental side of trading? I know a few of you have mentioned a few in the past, I just don't recall what they were. Thanks! Bill's books are always a first, including "The Successful Investor" and of course HTMMIS. For more active traders, check out Jared Tendler, a mental coach whom Justin and I interviewed. Trading in the Zone by Mark Douglas. Mark Minervini's
books are excellent. The original Market Wizards. Gerald Loeb, The Battle for Investment Survival. And finally, Edwin Lefevre, Reminiscences of a Stock Operator, true classic. Hope this helps, Mark! Hatman
Brutal selling True. And Webby's point on the sell-offs in Jan 2000 and Feb 2000 is very apt.
I am sure everyone is second guessing their decision on positions going into the Fed meeting yesterday. Strong recommendation for "How to Decide: Simple Tools for Marking Better Choices" by Annie Duke. Even better than her other book, "Thinking
in Bets." Super helpful to making better decisions and learning from experience without biases.
Thanks, Tim! I haven't read that one and I loved here book "Thinking In Bets." It's like it was written for trading.
I see a bug in all the charts…yesterdays range is showing as today Hey Don, yes this has been reported and the engineers are working on this bug. Thanks so much for your patience
It looks like there is a glitch in MS on yesterdays bar on some stocks, anyone else notice this ? Hi Phil,
with that brasil ETF, could it affect ERJ? EWZ is the Brazil ETF
Where is long term leaders list located? We have a link at investors.com/LiveFAQ
Why are the price bars blue and the volume bars red? It's a pre-market bug that the engineers are working on. Thanks for your patience!
I like the change on Marketsurge for yesterday's bar turning blue lol, its like yesterday never happened LOL it's a bug and our engineers are on it. Thanks for your patience!
Good morning. Was yesterday's action a possible vertical violation? It could be the first day. Let's see what happens the next three days.
I think it would be helpful if the panel discussed how much and how fast they cut back on their portfolio yesterday....or held. Absolutely
I think Ed sleeps less than I do. He actually goes to be quite early.
I assume Webby was out of UPRO by 2:05 ET. I know I was.
How will the coming govt shutdown impact the market? Hard to say. If it's short, no big deal. If it goes on for a while, then you might have yields rise.
why there's a santa rally? A few reasons - but one reason is that people are waiting until new year to sell for tax reasons. So, buyers but fewer sellers.
look at UBER please? Up on a down day… Yes, but it's beaten-down hard and is at the mercy of robotaxi news/rumors from Waymo/Tesla. Needs to regain its 50-day/200-day lines
DECK Leader Acting well. live answered
Do you know the market school count? Exposure is now 2.
What do you think about CAVA here ? I sold the remainder of my position yesterday.
Ali, Are you holding any CAVA at this point? Closed out the rest of my position yesterday
How was Crypto affected? Bitcoin sold off - and briefly kept falling Wed. night - but it's rebounded today somewhat
I protected my year. Well done.
Chris: how do you track premarket prices on your watchlists? I put them into a watch list in ThinkOrSwim. Use the Mark % Change. We will be adding premarket and after market price changes to the MarketSurge stock lists.
Mike is the house.. Well in the hotel;)
That make sense Webby Thanks
Can we please glance over Mike's regression channels? I'll go over those on tomorrow's show and the SMT...traveling right now and having some PC issues so can't bring it up to share right now...SPY broke badly yesterday. Nasdaq is a much different position
Mike is in the house.. ;)
Mike you said you were getting NVDA yesterday in pre-market I believe. Did you get out by end of day or stay in? Yes I sold almost all of it yesterday...sold the rest this morning...IMO we need either time or power for the market to be okay again...
Webby, would your regression channels need to be modifed now w yesterdays action? SPY is broken from a regression standpoint. QQQ and Nasdaq are still in their lines
Is it a good time to use inverse etfs for individual stocks like GOOGL and NVDA? That's what I'm doing for NVDA. I sold GOOGL since I had only a modest gain on it.
Webby, would you agree given yesterday's break of $IWM, $SPY below 50 SMA and $QQQ below 21 EMA this is a risk off environment? What do you want to see before you start to get involved again in this market. Would love to hear your thoughts.
Thanks Mike
Tom, I'll be back on tomorrow morning...we need time...could just be a day or two...or a few weeks+ the simplest way to look at it would be the low being above the 21 ema on Nasdaq, QQQ and or SPY
Any insights about the announcement the CEO of NVDA will be making on Jan 6th? No - it could be a relative nothing burger with a few vague partnerships, or we could see big alliances, preannouncements on Q4 revenue and guidance for 2025.
Where Is Kathy's recording podcast on line ? search YouTube for investor's business daily
These weekly podcasts from Justin are fantastic source of knwoledge! Yes!
I could not find the podcast from Kathy Donnelly last night. I have not been able to find these type of webcasts when you have them. https://www.youtube.com/channel/UC5fZv7bPcF5j2RsfO-9OiLA
Appreciate your response Webby. Look forward to hearing more tomorrow when you are back on. No problem Tom
Ali mentioned the email send to IBD live subscribers each day after the close. I have not received any daily emails following ibd live and calling subscriber service didn't help. the person I spoke with didn;t know anything about it. Please
advise
all IBD Live subscribers should be on the email list for our daily IBD Live recap newsletter. Ask to speak with Bridget Francis and say Ali sent you
Regarding leveraged ETFs, does that mean we should trade 'em like a day trader, holding only 2-3 days? Or a day trader? I get it that it's not a buy-and-hold vehicle, but I could use some guidance on how long it should be held. Thanks for
all you guys do.
I hold as long as I believe I'm in an uptrend. Once I feel we are in a sideways trend or downtrend, I'm out. Maybe take a look at Vibha Jha's recent appearance. She does some large positions in TQQQ and gave her rules for buying, holding and
selling.
you don't need thjose drugs just fast live answered
i did a 40 hour fast monday 40 hours? Wow, that's very impressive. Just water and tea or coffee, Phil?
what is the team's thoughts on the amazing sell off in the rail roads? Check NSC, UNP, CSX .. just day after day of breaking down .. We don't like holding stocks with that kind of damage
Is AVGO still in an OK position Think so. Despite three down days, still holding the positive earnings gap, and above the 217.58 alternate entry created by the 12/13 gap-up. Here's an Investor's Corner on breakaway gaps. https://www.investors.com/how-to-invest/investors-corner/breakaway-gap-the-art-of-the-breakout/
If you want to see a train wreck, check out SEZL. Muddy Waters reported that they initiated a short position. Wow, you're right Leslie. Thanks for sharing that news. Sliced right through the 50-day MA.
how about Ollies and RACE OLLI clearly a leader now. RACE is basing, but fierce selling on a rise back up to the 50-day line may produce a new short sale entry.
Any thoughts if the Santa Rally is still in the play, or off the table? Hi Kulwant, one perspective. Check out RSP. At the lows, it's already pulled back 7.7% off its high. That's a significant pullback, and another leg down places the average S&P 500 stock in an intermediate correction.
Yes of course but what does it say about the broader economy? Hi John; I agree w/ observers who agree w/ the Fed that monetary policy remains restrictive. The opportunity to reduce rates a little more is good for consumers. But the market is now facing a new test of inflation expectations and the Fed's
goal in reaching its long-term goal of 2%.
When NVDA starts acting normal that may be a sign If NVDA stays in a base, that would be swell for the techs.
HatMan, was flying high. Yw :-) Indeed, Leslie, SEZL 'sezzled' so much it even caught my attn among meme-type names! :-)
COST Hi George! Hope all's well, happy holidays. Remains a position in Leaderboard, and it would be great to see it hug that 21-day EMA.
How is leaderboard handling yesterday's action?Time to be cautions Hatman? Hi Lekhnath, certainly raising some cash is justified. Recent buys, such as CRWD, PODD, OWL, have been challenging. Market appears more concerned about the Fed and interest rates now as opposed hope for Trump 2.0 moves to boost the economy
via deregulation and greater efficiency. Fiscal policy will be a big focus in 2025, IMHO.
So much for the Trump bump. For now, agree. Keep an eye on the 10-year, rising sharply and ready to instill discipline in Congress?
not a buy, but looking at XME metals, such a huge downturn. support perhaps 13 straight days down Strong dollar and weak China aren't a good combination for metals.
how about micron (mu)? worth staying aftewr earnings? This was a laggard that we would not have been trading heading into earnings. It's definitely a sell here per our rules.
How about how Mike handled his 40% position in UPRO? Be interested to see how he unwound it and did he take damage, or get out w/minimal to no damage? Had to sell it...I'd do that same trade again
Has Mike documented his A-to-F rating criteria? Check the FAQ page — I believe there's an article about how to grade stocks
Ali could you pease writ out how to get to Mike write up & video? Thank You https://www.investors.com/how-to-invest/investors-corner/how-to-trade-stocks-execute-a-solid-trading-plan-letter-grade-system/
Thanks Mike Webster and I am doing just that running through the portfolio and figuring out what to weed out of the garden so to speak and concentrate on the healthy plants Good for you John
Just continue to be amazed, yes amazed, at the excellent education available through the various IBD products and personnel. If one is willing to put in the time and effort, the ability to enrich one's financial future is secure with IBD.
Thanks to all of you.
Thank you so much for this feedback, Tim
I want to complement the team today such good and thoughtful advice on how to handle such a strong sell off. Really appreciate all of you. Thank you very much for your feedback, John
Lighning Round - PLTR ? I own it, full disclosure. Looks like a hold here. Still waiting for it to digest more before a new entry develops
There will be better days ahead, it's just not yesterday or probably the next couple weeks. I gotta believe that or it gets pretty dark there will be better days ahead no doubt!
Thank you for all the education and calm approach you provide every day! Thanks, Liza!
Making gingerbread cookies and shaking boxes under the tree….sold to the sleeping point….protected the year….and a good one at that 👍TY for a great show! Excellent! Well done Lief!
THANK YOU SO MUCH GUYS! live answered
Very helpfull IBD Live session...thanks!!! live answered

 

Ready List

Symbol
GEO
GEV
PLTR
WIX

 

Watch List

Symbol
AAL
AAPL
ACN
AFRM
ALAB
ALK
AMZN
ANET
APP
AS
AVGO
AXON
AXP
AZO
BIRK
BJ
BKNG
BMA
BROS
BSX
BURL
CALM
CASY
CCL
CHWY
CIEN
CLS
CME
CMG
COIN
COST
CRDO
CRM
CRWD
CVNA
CYBR
DAVE
DDOG
DECK
DIS
DOCS
DOCU
DRI
DUOL
EAT
EBAY
FFIV
FLEX
FLUT
FOXA
FTNT
GDDY
GEO
GEV
GGAL
GKOS
GLBE
GMED
GOOGL
HOOD
HUBS
IBIT
IBKR
IDCC
INFY
INOD
INTA
IONQ
ISRG
JWN
KVYO
LMND
LRN
LUNR
LYV
MA
META
MIR
MRVL
MSFT
NET
NFLX
NNE
NOW
NTRA
NVDA
OLLI
ONON
ORLY
PCTY
PLNT
PLTR
PRMB
PSTG
PYPL
QFIN
QMCO
QTWO
QUBT
RBLX
RBRK
RCL
RDDT
REG
RELY
RKLB
SE
SOFI
SOUN
SPOT
SQ
SRRK
SYF
TCOM
TEAM
TEVA
TJX
TKO
TPR
TSEM
TSLA
TSM
TTAN
TTD
TTWO
TWLO
UAL
UI
URBN
V
VFC
VIK
VIST
VSCO
WAY
WDAY
WIX
WK
WMT
WRBY
WSM
YMM
YPF
Z

 

Top Mutual Funds For Stock Research

Institutional sponsorship is a key part of IBD's CAN SLIM methodology. Here's a list of top growth-style mutual funds that our team likes to see as holders of individual stocks we're researching.

Symbol Name
ALSAX ALGER SMALL CAP GROWTH A
ACRNX Columbia Acorn Inst
FCNTX Fidelity Contrafund
FMAGX Fidelity Magellan
FOCPX Fidelity OTC
FKGRX Franklin Growth A
OPOCX Invesco Oppenheimer Discovery
JDMAX JANUS HENDERSON ENTERPRISE A
JDCAX JANUS HENDERSON FORTY A
JACAX Janus Henderson VIT Forty Inst
LAGWX Lord Abbett Developing Growth
LGLAX Lord Abbett Growth Leaders A
MFEGX MFS Growth A
LGOAX Miller Opportunity A
POAGX PRIMECAP Odyssey Aggressive Growth
PRNHX T. Rowe Price New Horizons
VPCCX Vanguard PRIMECAP Core Inv
WGROX Wasatch Core Growth
WMICX Wasatch Micro Cap
SGRAX WELLS FARGO GROWTH A
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