Positive Expectation Breaker After Downside Reversal; DECK, NVDA, NFLX In Focus | Stock Market Today

After a bearish reversal in Thursday’s session, the stock market bucked the weakness and delivered a positive expectation breaker. How bullish should you be now? Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.
Stock Market Today: May 24, 2024
Hosts: Alissa Coram & Mike Webster
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© 2024 Investor’s Business Daily, LLC. All Rights Reserved. This information is provided “as is” for educational and informational purposes only and is not intended to serve as investment advice or for trading purposes. This information is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been authored from sources believed to be reliable, but no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Presenters may own the stocks or other investment vehicles they discuss. You should not treat any opinion expressed as an inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. The information and content are subject to change without notice. Past performance is not indicative of future results. This material does not take into account your particular investment objectives, financial situation, or needs, and is not intended as recommendations appropriate for any individual circumstances. You must make an independent decision regarding any investment suggestions covered by the material. Before acting on any investment suggestions from the material, you should consider whether it is suitable for your particular circumstances and consider seeking advice from your own adviser. Investor’s Business Daily makes no representations or warranties, and expressly disclaims any responsibility or liability, with respect to any errors or omissions in, or the accuracy, reliability, timeliness or completeness of, any information that appears in the videos, including in closed caption, which such closed caption is being provided solely for the convenience of our viewers and should not be relied upon as an accurate or complete record of the program.

[@aknevv]

Everybody should be watching this! Mike is a great teacher. 😊

[@suprbent]

Friday editions of SMT with Webby and Ali is my favorite investing content each week.

[@user-yf3iw3lj2n]

I am grateful to you for sharing your knowledge and experience in trading. Your work is truly valuable and useful to us!

[@bottomphishing7377]

Bill didn't just excel in the market; he was also a master at choosing employees and colleagues. The track record of his team proves that Bill's strategies can be taught, and their retention shows what a stand-up guy he really was. Mike, so glad to have you back. You're truly one of a kind, and I appreciate your willingness to share, just like Bill always did. And thanks to our veterans.

[@PE-TX]

Another great SMT, and in spite of the connection issues, Webby pushes on and continues to teach and explain! Also, wanted to say how much I appreciate you recognizing not only your father but all our veterans and especially those who made the ultimate sacrifice for our freedom. We will never forget. My pick for next week would be MU. Thank you, Mike and Ali!

[@stephenkutney9626]

As a person who has been shaken out many times the discussion on the buybacks was excellent.

[@RohitPatel-ro8qy]

I love you guys and what you do. Your kindness and brilliance shows everyday.

[@paule.k.4933]

Fantastic show, Mike & Allie! The downside reversal day information filled in another gap in my trading brain! It’s incredibly kind of you to teach us so thoroughly. Thank you for all you do!

[@HedgeFundOfOne]

From 03:03 is why I didn't go short in the hole of Thursday's downside reversal day. Did reduce long exposure, so feel validates by your video. 😊

[@edwardnarke1355]

This is fun! And INFORMATIVE! Thanks all

[@424sealavenderctkiawahisla8]

I like the format of "the usual daily show in the first 15 minutes, then the Webby special". Keep it up. Also, for your Zoom background, someday I need to see "21dma" sprinkled all over it to keep reminding us how important that is! Also, try rebooting your computers 30 minutes before the show.

[@1309gsk]

wen u said 5.2 low wat do u mean and which indicator were u using analyszing spy

[@satyaraju8875]

Thanks Mike, Really appriciate for sharing your wisdom. Quick question: How do you use(draw) the Linear Regression, like what is the staring candle you select and the ending candle? How do you draw it? Thanks in advance.

[@Carmenlfm]

Amazing show!! Great information as always!! Thank you!

[@frasermacfarlane4772]

Thank you both for your life experience and time. Mike thank you for your humble approach to sharing your time and knowledge with those of us who know so little about investing. Thank for the color, the flavor, everything will be ok. Alisa, thank you for leading the big boys in a way that brings out thier wisdom. You have lifted IBD to greater heights. Humble thx for what you guys provide… it’s more to me than education.

[@pnsenga6578]

All week I look forward to this show. so many nuggets its fantastic. could you please analyse ENPH next week? thanks

[@Its_emit]

Love the content from IBD. I wish I found you guys when I first start d trading. I am learning useful technicals which I used to hold my HOOD position and did not panic sell. I will continue to hold until I get a sell signal. Keep up the good work!

[@NedWeber-gt1ux]

Thank you for remembering those who served.

[@MrAfricanpilot]

Great show, appreciate everything you guys do!

[@syuwono]

thank you Webby for the great content. Would love to hear more about webby RSI if possible. Again, thank you!

[@JeffHansen158]

Another great weekly review. Could you review either DUOL, or UBER next week if there is time?

[@brucewayne857]

Hey Webby, it was Ali's network that was having the issue, not yours. Just thought you'd like to know that.

[@christopherdavidmclaughlin6785]

Mr Webster is there a way we can access the Bob Marley Chart through out the week? My wife says its the most important chart.

[@dianalee8732]

Thank you Ali and Weby! Have a great weekend!

[@SqueezeTrader]

Webby you are just awesome, man, keep being you, and doing the great job you do with your thoughts and analysis...Ali, cant say enough on how smooth you are handling everything video, and you advanced development as a trader goes without saying...Queen of all media is it..:)?

[@jjs1194]

Also, MRNA has outperformed NVDA this week. Is it too late to get in?

[@EnricoPozzo]

I am a happy customer of MarketSurge and learn so much from these weekly sessions by you two. I am so appreciative. I am surprised you did not mention FSLR"s huge moves this week. Though I think it is extended by now, how about analyzing and observing FSLR's moves next week?

[@paretous_x7044]

thank you guys for your time and expertise, great session as usual. please can you dedicate time in a future session to look at "other" AI (non NVDA) players, like AMD, ARM, QCOM and your expectations for them in light of recent AI run ?

[@douvinsky]

Thank you very much, Mike and Alissa.

[@davidtaylor5304]

SMCI great show as always !!

[@jidatang7591]

Thank you for your valuable knowledge 😊🙏

[@frankwieder]

Happy Memorial day Thanks

[@fernandomartins5190]

Thank you Mike and Ali. Could you please review BAC?

[@kylepalacios2080]

Great show as usual! thank you!

[@jimbush80528]

Tremendous value, thank you.

[@Luis1977]

Super cool program!

[@georgetkaczuk6240]

Great show as always thank you very much!!

[@sunflowerhk100]

Great show!

[@mhirteabwondmneh3966]

Thank you Webby and Ali

[@diegogarzon3387]

Mike, I’d appreciate your thoughts on Amazon. Thanks

[@badass7547]

Please review $Onon chart?

[@scottb4372]

positive: keep doing these vids, v. good! Love the speedy chart annotations Alissa. Love the education Webby, you really are racing with the baton from Bill. constructive: Webby's pic on the youtube vid thumbnail doesn't look like him now, he's lost weight!

[@foglelc]

Thanks, Mike. Awesome!!

[@MomoTrader809]

Ali is the best! Webby is pretty good too 😊

[@CosyHomesAway-ey3nq]

Mike you have a great heart.

[@darrellcanning2287]

God Bless America 🇺🇸 🇨🇦

[@1309gsk]

your option services prmomotes ipad which i do not like and use. deck, nvda and nflx are all breaki g out..................................

[@ryanblair8066]

Webby, the honor the those who've given their lives for freedom is worth more than any stock analysis!

[@user-zv7tc1dz2x]

Your videos have helped me turn my trading around. I'm finally making consistent profits!

[@aknevv]

Mike/Ali - NVDA is 9% above its upper Bollinger Band on a 10Y chart. That freaks me out! Not you? Thanks, guys.

[@edreichardt]

Atta boy Mike 🇺🇸🇺🇸🇺🇸❤️❤️❤️

[@Action_Clips_CODM]

aww webby dont cry at the end

[@optionsseller9423]

PYPL

[@StefanieSpencer]

❤❤❤❤

[@kenshaffer2114]

17:20 All I can say is wow. I stopped watching these IBD shows because it got pretty repetitive. Webby added such a great discussion with buying and selling rules. I don't have Market Surge but other cheating software. But the education along with the trading rules is a great change. Keep it up!

[@kenshaffer2114]

But start zooming in to the charts like Marty please!!

[@kenshaffer2114]

The stock I'd like to see a long term look at if VITL. Thanks

[@gunningju6107]

How about FSLR target price? Would you make video about FSLR target price with p/e expansion? To my calculation: FSLR target with breakout P/E expansion is $1000: When FSLR broke--out this week, its p/e was 20, times 2.3==46, then multiplied by next year earnings 21.2==$999.... Looking at its breakout volume and rising pace to all time new high, its demand by big guys is huge!

[@mmm-cake]

✨👏🏼

[@skunkape5918]

☦🕊❤

[@peterborgia7469]

The most substantive growth investment show on the planet. Any serious investor should subscribe (for free) because Ali and Mike are gracious individuals just like William J. O’Neil.

[@frasermacfarlane4772]

POWL

[@josjolly]

Need more likes on ur Am flag