Why A Powerful Trend Is Just Getting Started; Nvidia, CrowdStrike, GDX In Focus | Stock Market Today

As Nvidia earnings loom large next week, the stock market is on the verge of delivering a powerful signal. 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.
SWAG SHOP: wsjshop.com/collections/ibd-m...
WEEKEND HOMEWORK:
Power trends that resumed within 25 days of a previous power trend's end.
7/27/78-10/13/78; 6/15/79-10/12/79; 6/21/88-8/9/88; 4/9/99-4/19/99; 6/30/99-8/3/99; 4/6/06-5/12/06; 3/11/2010-5/6/2010; 7/15/2013-4/9/2014; 11/11/2014-1/12/2015; 2/18/2015-7/7/2015; 6/8/2016-6/24/2016; 7/20/2016-10/27/2016; 11/29/2016-2/8/2018; 10/20/2020-3/4/2021; 6/17/2021-9/29/2021; 11/1/2021-12/17/2021
Stock Market Today: May 17, 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.

[@MomoTrader809]

IBD is giving a free masterclass every Friday with Webby and Ali!!! Thank you!

[@mikewebster6188]

Thank you!

[@rocketPower047]

This Friday show with Webby and the monthly one with Roppel are gold. Thanks, Alissa and IBD!

[@mikewebster6188]

I dig the one with Ropes & Ali too.

[@thorandrefredheim9142]

This show is a gift to all stocknerds. Thank you! Greetings from Norway.

[@mikewebster6188]

Norway is on my bucket list!

[@pkj6426]

Huge thanks to Ali & Webby. Can’t get enough of IBD. This is my go to channel on KZbin. I am beyond grateful for your analysis & sharing your knowledge so freely. ❤

[@mikewebster6188]

Much appreciated!

[@bombayranger641]

I have learnt so much from Webbie over the years and would like to express my heartfelt gratitude to the entire IBD team. Webbie’s humility stands out in this era of showmanship. I will never forget the Tesla debate between him and Ed. I had never made money in stocks in US before I started listening to IBD Live. I have seen Ali become a great host over a period of time which is truly commendable.

[@mikewebster6188]

I always love debating Econ Ed! He’s great! Thank you!

[@martysmale7506]

Great show. Would love Webby's take on 2X and 3X leveraged QQQ in confirmed uptrends vs QQQ.

[@mikewebster6188]

If you are new to leveraged ETFs...start slow and understand they are more trading vehicles rather than a buy and hold...but I use them

[@MD71164]

Best weekly stock review on KZbin!! Thanks Ali and Webby!!

[@mikewebster6188]

Thanks!

[@elim7124]

ARM please!

[@sunflowerhk100]

Love this show every Friday. Great team! Ali is a great host! I'm a huge fan of Webby - so knowledgeable, funny and kind, explaining things so well with examples from history. Took notes and learnt a lot from him! (Ticker: FXI, PAAS, COPX please)

[@mikewebster6188]

That's very kind of YOU! Thank you

[@JJ-ou1ww]

webby & justin have been doing an awesome job keeping all of us current on the market -- at the in-depth level. Priceless

[@mikewebster6188]

Justin ROCKS! Thank you!

[@dianalee8732]

VRTX please. Thanks!

[@mikewebster6188]

You won! I hope you dug our analysis Diana.

[@johnj519]

Wow! Great content and appreciate all of the analysis explanations.

[@samhoward3249]

Learning a lot on this new Friday format, thumbs up.

[@mikewebster6188]

Right on!!

[@mitchgellman8727]

TTSH is my submission for the contest for Webby and Ali to review. Thx! Great session!

[@mikewebster6188]

Thansk Mitch

[@dr.zoefolts3942]

Thanks for your clear explanations and reducing the info to a basic level. You guys are the best!

[@mikewebster6188]

Thank you...we are trying to have something for every level of investor

[@markprisbrey677]

Love this new format. Please keep it up!

[@mikewebster6188]

Glad you dig it!

[@stormhammerx]

Mike and Ali - You're amazing! Thank you for these in-depth look into the markets. Your passion for it really comes through.

[@mikewebster6188]

We both love what we do! Thank you!

[@zuretmedina9680]

Great analysis as usual and always very educational. Many thanks

[@mikewebster6188]

🤠👍

[@Mark.R.]

Excellent walk-thru analysis! Thanks for all this!

[@mikewebster6188]

Thanks Mark

[@rumbees]

Thanks Allie and Mike. Mike, welcome back. Great show and great vibes!

[@mikewebster6188]

It's great to be back!!

[@natrobbins]

Thanks for the power trend analysis--invaluable!

[@mikewebster6188]

No worries brother

[@kristinetudor9316]

EXCELLENT learning a lot !

[@mikewebster6188]

Much appreciated! See you next week

[@stamils]

Thanks a lot for taking the time to do detailed analysis Mike, Ali. HAGW!

[@mikewebster6188]

You are welcome

[@cesarj0879]

Thank you Ali and Webby! This weekly review is a must see for us to keep our trading healthy.

[@mikewebster6188]

Thank you!

[@robertkrupp8917]

Always great stuff

[@mikewebster6188]

Thank you!

[@offhamsterwheel2789]

Thx for the wonderful Friday Recap show, i am looking to get back into SwingTrader myself

[@mikewebster6188]

Right on!

[@luciendixon3924]

Love the Friday shows I learn so much. Curious about ticker BLDR.

[@mikewebster6188]

👍👍

[@mymotosai5036]

Great summary. I am sitting in a lot of cash in a HISA. If power trend is confirmed Monday, how would recommend I invest in QQQ? 1/4 or 1/3, or 1/2 cash from HISA into QQQ?

[@mikewebster6188]

Sorry, we can't answer specific questions like that...sorry....just the rules

[@jidatang7591]

Thank you for your advice. I really like your contents. 😊👍🙏

[@mikewebster6188]

Thank you!!

[@edwardskrod]

Love the Bob Weir reference.

[@mikewebster6188]

Bob is the man!!!

[@paretous_x7044]

thank you for the class, folks.. i like that you started showing other tools like TS and TV, cause traders who use MS (which is the best in fundamentals & CAN SLIM perspectives) definitely need some of these other tools for detailed tech analysis .. Please do more of these kind of recommended tools ..

[@mikewebster6188]

I appreciate that feedback. Our goal is to revamp MS to include all the indictoars that I use and/or have built...but it's going to take some time.

[@alexb4132]

seriously , one of top 10 on my list to replay on weekends

[@mikewebster6188]

Right on!!!!!

[@PE-TX]

This Friday edition of SMT has become a 'don't miss' video for me. Love the great analysis coupled with the teaching from Webby! Interested to know what you're thinking on ANF. Thanks much!

[@mikewebster6188]

Thank YOU!

[@ColmPRonan]

Love the Friday shows Ali and Webby!!! Thank-you. MU please.

[@mikewebster6188]

Thank you!

[@perretti]

This is the best trading team I've seen anywhere online. Bloomberg wishes they had this kind of talent.

[@mikewebster6188]

Ali is a great person to work with!!

[@CatherineKing5]

Wow, great show guys! All your methods for keeping us on the right side of the trade are so appreciated!

[@victortoombs4754]

....and SOXL too.

[@georgebasra]

Thanks again for sharing, this is great resource for leading stocks

[@mikewebster6188]

Thanks George!

[@adrianramirez6783]

What do you guys think of CELH? I’ve been following it for some time… great show as usual!

[@mikewebster6188]

Thank you Adrian

[@ImNotHereToArgueFacts]

Power Trend On 1...50 dsma in uptrend 2...Low above 21dema for at least 10 days 3...21dema above 50 dsma for 5 consecutive days 4...only starts on an up day Power Trend Off 21dema crosses below 50dsma

[@mikewebster6188]

Yep, its on!

[@shankarrao2572]

As usual .. a great show. Can you provide your thoughts on ALKT please. I see it has appeared in "Stocks on the Move" the past few days ...

[@mikewebster6188]

Thank you

[@richardfi]

Thanks Ali and Webby. Great show. Webby, I am very happy that you are back at IBD. Peace 🎸

[@richardfi]

Btw, I am curious about your thoughts on VRT, TW or PWR. Thanks.

[@mikewebster6188]

ME TOO!!! Thanks Richard

[@jjs1194]

Absolutely the BEST!

[@mikewebster6188]

Love that!

[@DeafPanthers]

Great weekly recap. Thoughts on CENX?

[@mikewebster6188]

Thanks!

[@duyphan1452]

Can we scan for upside reversal in marketsurge?

[@mikewebster6188]

Yes and no. You can use the closing range...but we really need to add some more data items to catch them

[@Carmenlfm]

Great show! Priceless information!! Thank you!! APP please!

[@mikewebster6188]

Thank you Carmen

[@yingfang940]

Great show Webby and Ali, a must for my weekend. PLTR please.

[@mikewebster6188]

Thank you!

[@badass7547]

Keep the coming, mike🙏

[@mikewebster6188]

Once I start...I can't stop LOL See you next week

[@kyepower3711]

Thanks for this podcast. SNPS would be great to look at.

[@mikewebster6188]

Thank you

[@komoe8155]

this guy is amazing, thank you

[@mikewebster6188]

I'm just a random dude...thank you!

[@jo1580]

I love this show! 😁

[@mikewebster6188]

I love that!

[@DavidKatz-pf6df]

Are Keltner useful? Thank you

[@DavidKatz-pf6df]

Are Keltner bands useful

[@naveedanwer8262]

thanks

[@davidtaylor5304]

love the show as always - ticker MU

[@5MLaserFocus]

Great show! Would be good to see analysis of CROX (Retail and has shown strong uptrends in past). THX!

[@mikewebster6188]

Crocs are so comfortable! Thanks for watching

[@JeffHansen158]

Great show as always. Thoughts on DKNG!

[@mikewebster6188]

Thanks!

[@OptionRocket]

Great show. Can’t believe I watched it normal-speed all the way to the end. $NVO please.

[@mikewebster6188]

Normal speed! Wow, when I listen back I have to do it at 2x...thanks for watching

[@Sonnyj9]

Love starting the weekend with this video. NFLx?

[@mikewebster6188]

We covered that one...thanks for watching

[@oldmansgoldenwords]

Loved the Master class on dirty volume 2 weeks ago. Webby is first principle thinker.

[@mikewebster6188]

I appreciate that...yes, that is the approach that I take on things...I appreciate you noticing.

[@tradingfor5]

Great show! IBKR please

[@mikewebster6188]

We will try and get to it

[@starboi2099]

Really interested to see an analysis of Alkami Technology (ALKT). I know it's a smaller name but it was weird to see a rather deep handle but very strong breakout follow it.

[@mikewebster6188]

We will try to get to as many stocks as possible...also consider watching IBD Live, we go over a ton of stocks each day.

[@SGT100]

Great show again Guys! I would love to see your "HOOD". Thanks!

[@grltrader]

Great show today!! SG :)

[@mikewebster6188]

Thank you!!

[@slwebs369]

Dynamite show. So much knowledge shared in consolidated format. Lots of people fired up about China RS lately. Please have Webby analyze FXI or some China proxy.

[@mikewebster6188]

That reminded me of Good Times! Thanks for watching

[@ristowilde5836]

How bout Growgen GRWG, retail or cannabis play?

[@edwardnarke1355]

The Best!!!

[@marianaamaral4827]

SN, CARR thank you guys!

[@gregblus6652]

Great show, guys......who's the skinny guy on the left? Looks familiar.... Would love to hear your take on RACE - Ferrari - as they are doing better this F1 season. Cheers!

[@MirelesMD]

Webby (sorry if I misspelled that), What is going on with NOW. It feels like every time this stock goes on a "list" it reverses. I'm starting to develop a tick watching this stock. How can we possibly time this stock?

[@mikewebster6188]

Yes, that’s how it’s spelled. That’s a good topic

[@darrellcanning2287]

Thanks for all the great information . How about HOOD

[@MrTubeVirgin]

COIN please?

[@jeffrose5622]

NVIDIA is never a 'crapshoot'. It's 90% likely that earnings will be blowout! NVIDIA will double within 2 years.

[@markprisbrey677]

I'd love to get Mike's take on CAVA or ALAB.

[@mikewebster6188]

We do go over those a lot on IBD Live

[@jenniferlovell2632]

ADBE please!

[@gigrockband]

Great job. The ticker I’m curious about is $CVS for CVS Health.

[@mikewebster6188]

Much appreciated

[@yuhmin5365]

ELF please 😊😊 Thank you

[@TomBarber-yc7lv]

Comments on ARM please

[@trancerrrr1234]

MSTR Please!

[@jcenmiami]

ANF ticker

[@JKDs007]

TMDX, CAVA, CVNA

[@mixnmichael1]

Shout out to Ali!

[@ejbjms]

PYPL please!

[@mixnmichael1]

CELH

[@bobbyb7465]

ANET please

[@blueelegy8570]

JD please

[@andreschavez9671]

Leggo with EGO!

[@andylandAMband]

Bitcoin ETFs...biti?

[@MarijaMarkovPilatesYoga]

GCT

[@behdadakbarpour5051]

RXRX

[@ryanblair8066]

$OSCR - it broke out before anything else on this most recent surge.

[@thesoftdrinkcompanytv2140]

DECK ORCL WSM

[@Ff19299]

ALGM

[@jimformermilkman]

Bob Marley HIGH INDICATOR 😊❤

[@propertyinvestmentscompany9111]

PANW

[@LockerMart]

When I throw out the high and the low, the average power trend under circumstances of this list is 44 days. IOW, two full trading months. Still impressive.

[@mordymitrani4187]

Pick me! Pick Me! Can you please analyze (EQT)!

[@Action_Clips_CODM]

Sbux.

[@skunkape5918]

☦❤🕊✝️

[@ryanblair8066]

11/29/2016 is just after President Trump was elected. I know IBD completely shies away from politics though.

[@mahendrajasubhojani6374]

VTSAK