IBD Live Q&A Recap, Key Stock Lists For Dec. 1, 2022

QuestionAnswerWhy is Market School so late in publihing??Justin was out of office, but he’s back now!awesome songIt’s a good one for sure!What’s the name of the group singing your opening song.It’s called Jet Stream by Through The Woods. It’s written and produced by Steve Morton, a friend of mine who is based in Nashville.Good morning! I believe there are two webinars sceduled for same time later today? Can you please confirm times for SwingTrader Scorecard and MarketSmith Stay in Step? Thank you, I would hate to miss either one of these!The MarketSmith webinar starts at 1:15 Pacific and the SwingTrader Scorecard at 1:30.Good morning! I believe there are two webinars sceduled for same time later today? Can you please confirm times for SwingTrader Scorecard and MarketSmith Stay in Step? Thank you, I would hate to miss either one of these!They will both be recorded and posted, so you can pick one and then watch the recording of the other one at a later time!What is the year to date performance of Swing Trader and Leaderboard?We will be going over YTD performance for SwingTrader this afternoon in our monthly scorecard webinar, and next Tuesday for Leaderboard! Good morning all. Are we ready to get back on the roller coaster? : )Maybe this is the start of a better market? Not predicting, just being open-minded. We shall see!does anyone know why ABCL had wild action yesterdayYes, this headline came through yesterday — Eli Lilly COVID-19 therapy developed in partnership with AbCellera Biologics no longer authorized in U.S. – FDAcould someone explain why leaderboard cut sso to a 1/2 position on nov 29th? And if I remember correctly upro was cut a few weeks earlier but the chats arent showing the cut on learderboard.We were concerned that we had too much exposure to the market going in to all the econ reports this week and Powell’s speech.Good Morning. How about that close yesterday?Mightly strong!good morning all. Rachel, love market Diem. great idea to start that. read it every daySo glad to hear it Steven! Thanks for the feedback.would yesterday be considered a subsequent follow day?To far out from the bottom, but we still count it as a follow-through day.can i get copy of 211122 197 industry groups? thanksWe keep the most recent spreadsheet on investors.com/LiveFAQ!Are we close to a Power-Trend?We are in a power trend for the S&P 500.Justin…I think someone is impersonating you on Twitter. I followed you and got strange messages about investing in crypto.That’s definitely an imposter! We will never DM people about crypto. Please report, and sorry that happened!Alerts don’t seem to be working on MS in recent daysNot working in what way? Not able to draw lines or alerts that have been drawn/or set by price aren’t getting triggered?Ali — same here. It was nice to be able to move my stops up.BA-Keep?Not doing anything wrong at the moment, but not kicking into high gearCOST?Disappointing didn’t have a proper entry but for those who got in recently, today feels like a sell signal to meAliIs the YTD information not available to non subscribers to determine if we want to join either or both?Had to compile the data, here you go! As of October, since I don’t have November data yet: ST up 2.77% vs. S&P 500 down 21.13% (beginning of year thru Nov. 2), 2020 ST up 86.41% vs. S&P up 16.26%, 2021 ST up 7.38% vs. S&P up 26.89%.
LB down 16.92% vs. S&P down 18.76% (beginning of year thru. Oct. 31), 2020 LB up 58.4% vs. S&P up 16.26%, 2021 LB up 9.6% vs. S&P up 26.89%. Three-year track record for both show strong outperformance vs. the marketWas there any news on SHLS that caused the big gap down?Share offeringCELH breaking through a trendline on the weekly. Would you add here?Well extended from the moving averages. Really trying to make sure I’m not buying or adding extended in this market, as Justin is sayingADM giving back yesterdays gainsTrying to hold the 21-day, let’s see if it canPlease confirm that on 11-15, 11-23, & 11-30 are additional follow through days on the Nasdaq?We also had 10/25 in there. Once we get past 25 days from the bottom, we stop calling them additional follow-through days and start calling them accumulation days. So I also have 11/22, not 11/23 because it was below 1%, and 11/30.Thoughts on IPO CRDONot liking that reversal right now!I’m very interested to know what short-term trade Chris Gessel might have made yesterday. He’s so attentive to 5-minute bars.Unfortunately I was in a meeting during Powell’s speech. Looking at the action afterwards I probably would entered on the pullback after the first big surge around 10:55 Pacific.Thank you Chris, seems to me they are scheduled over one another. This happened previously and was stated that it wouldn’t happen moving forward. I am sure this is a conflict for many folks. Both will have great information, and obviously
impossible to watch at same timeI don’t recall this happening before but we will make sure it doesn’t happen again. Both webinars will be recorded and available for later viewing.what about sso. should we add now?could someone explain why leaderboard cut sso to a 1/2 position on nov 29th? And if I remember correctly upro was cut a few weeks earlier but the charts arent showing the cut on learderboard.I still have some SSO that I bought on the FTD. In terms of adding here — let’s see how the session plays out. Roundtripping the gain right now on the ISMCELH,thksWish it would’ve paused a little longer for a proper handle. Starting to feel a little extended. Acting well!SANM Small Cap – Trades $ 26MIl per day. Gap Up this morning. Thus, broke above a downward sloping trend line.Looks interesting!UFPT looks very strong – can you review?It does look very strong! Too extended to buy. It’s in a profit zone for those who bought the breakoutgreat observation Ed, I have noticed that when you see the market performance has mostly happen on the macro binary news which is really tough to put your money at risk at those moments, and then chasing seems out of place in this type of
market… good luck!Well said!Can you look at CRDO?live answeredIBB inv H&S trying to BOAn area we’re keeping tabs on!LULU is moving above buy point and VWAPStrong move yesterday. Good to see it continue its move higher over the last few weeksIf you follow the IBD sentiment and outlook, we all should have been much more heavily invested in the market. It would sure help to have a percentage invested by the side of the sentiment on the IBD’s today’s market page.A number of panelists have been saying roughly 50% invested is what they’re doing — Fed reactions are unpredictable, but having some skin in the game yesterday made sense! More to come on the % invested, stay tuned…AEHR is trying to break outWe wouldn’t consider today’s action a breakout — the breakout was when it cleared the 19.43 area of a proper pattern. It was wild after that. But right now it’s on a run and extending gains, hasn’t paused long enough for a true “breakout”
again. But looks super strong! Congrats to those who are in itIdea for david ryan. Buy sell of hold GEO?Definitely way too extended to buy! If I was in it, I’d be locking in some profits here but holding some of my position tooWould you mess with chinese stocks at all in the short run?I used to trade Chinese stocks all the time but unless Xi steps down they are off limits for me.How will Leaderoard react to the secondary offering by SHLS ?It’s on the watchlist, so not affecting performance. We may give it a few days before we make a decision. But not near a buy point now.NINE – talked about it yesterday – working today – yay!Great!How is EE working?live answeredBA really pulling back this morning. Im in it. Want to stayDown less than 1%. Inside day.PWR breaking out.live answeredWhat would be a good entry point for LULU? Too extended prior to earnings?Yes, feels too extended for meAMKR is a Minervini-style Power Play (I believe) or high tight flag. It’s turning up again after yesterday’s move. I initiated a 3% position today. Would you add/buy if it makes a new high?To me its a reversal in a handle, which is typically a good entry. If the market still looks good, it would make sense to add on the breakout.PANW breaking out of a reverse H&S coming over the 200 MAlive answeredPANW poor group but the clear group leaderlive answeredSHOP abv 200Dlive answeredNUGT isup almost 8%A wild one but doing great nowSHOP, an old favourite popped up. Would you look at it here?live answeredRachel Are you still watching PWR?live answeredTrendline alerts aren’t working for me in MSlive answeredStarting to see tech names the havent been on the radar show up in alerts. SHOP, SNPS for examplelive answeredI can get the amber libe and set an alert but the dashed line doesn’t stay on my chart.Make the line super long. Try on a weekly if not working on daily. If that doesn’t work, then set an alert based on a price level instead of the line.Logging in late this morning, so you may have already discussed it, but on the chart my platform offers for the $US dollar (the Dow Jones FXCM Dollar Index, which UUP, an ETF, mirrors imperfectly), today’s drop broke below the shelf price
it held since mid-November, which got that support from the March, 2020 high. That former monthly high held back the dollar from June through mid-August this year before the surge we know so well after that. Well, this morning the buck
broke below March, 2020 right down to its 200-day MA (also lines up with this year’s 8/10 low). So don’t be surprised if we have a bounce off of it fairly quickly, (could even reverse today), and do anticipate it could flirt either side
of that moving average for months, coinciding with that sideways stock market forcast we got from David Ryan. A likely scenario for a currency to take. Coincides also with the Fed’s plans to hold rates up high for a while.live answeredADM shortDoesn’t look good!PANW — breached it’s 200 on strong volume — pls discuss…live answeredADM – any news? I held it yesterday when SwingTrader sold it. closed happy. But down 3.6 % this morning?? Did you see something prescient – or just following swing trading rules?live answeredPrivate: Chris, Jeff is right. It happened on Jun 2, 2022 and I pointed it out to Jonathan. He said (paraphrased) it would be avoided in the future. It is good they are recorded, but the ability to use QA is the issue.Good to know. I will talk to Scott and Jonathan about this.Bottom Fishing – SHOP +17.28% Vol +33%live answeredCRDO – offering a head fake so far this morning. (Ed reading my mind on UUP :-D)live answeredShopify get some life today long base breakout on good volume.live answeredSHOP +17.28% for the week.live answeredAny news on ADM this morning? Big sell off!live answeredThank you Ali! Good to know.You are quite welcome!SPSC, strong move. Many thx to David Ryan. Made my day Great to hear!Help me out Justin, I discounted the 10-25 follow through day when we went under pressure on 11-2. Your thoughts?I look at it as a balancing act, we had enough weakness to add a lot of caution in November. So I still count the subsequent follow-through days but my enthusiasm will be tempered by negative action. I think of it as scales where I’m putting
positives and negatives on either side of the scales and see which one has more weight.The market is pulling in now. Can the panel talk about areas of support and how to know if this breakout is a fakeout?Keep an eye on the S&P and whether it can hold the 200 day.thank you, Chris. Can you tell me what “shorter-term” stochastics you use and how I get can it. Is it with Sink or Swim?I use StochasticsFull and change the k period to 5 and d to 1, which creates a single line.any idea what happened to costco? costSoft monthly sales.Thoughts on CELH. buyable.Too extended for my tasteI still don’t trust this mkt….look at AZO……another attempted breakout reversing! (right now)Not down that much. But this one is a stair-stepper in you look at the weekly chart. If you don’t want to sit through a pullback to the 50- or 200-day take some or all of your profits.I’m curious why you spend any time talking about stocks in the lower protion of the ratings for industry groups ie 50+/197 like they are actionable. Especially with the market status questionable still why would we want to place a trade with
one of these? Looks like just a technical trade maybe for a 3-5% move then out? Thank you for your perspective.In addition to paying attention to the top industry groups, we also like looking at stocks in groups that have moved up the rankings, like 120 to 80 for example. That’s how we’re able to spot sector rotation in its early stages. Many factors
in determining whether it’s a short-term trade or something held longer — market action, fundamental/technical factors for that individual stock, trading personality, etc.Rachel, follow ISRG? Keeps creeping up.live answeredDiscounters not doing well generally, but FIVE exploding off earnings.Very strong! Let’s see if it can hold the gapFIVE doing well todayVery strong! Let’s see if it can hold the gapAnyone in GM?live answeredHow is Justin calculating the “risk profile”?I looked at our entry on CSGP and where we would put our stop (the low of the day in this case). Take the stop, divide by entry price and then subtract 1 from the answer and that gets your risk percentage.I took off my QLD on Tuesday because of all the data coming out this week. Waah!Who knows, S&P hitting resistance around 4100 today! Maybe we’ll be rangebound for a while? We’ll have to see. Staying open-minded!When weekly and daily buy points are different, how do you reconcile that?We typically go with whichever one is closer to moving averages.Pls comment on SHOP. Thankslive answeredNOWStill below a declining 200-day line, so staying away from it for nowIMCR pleaseTrying to hold that 21-day line stillADM is trading down. Any insight?live answeredADM – many caught leaning the wrong way – look at that volume bar ydaylive answeredADM major failure todaylive answeredPlease comment on BG, thankslive answeredADM getting crushed…Any opinion?live answeredADM has a lot of insider sellinglive answeredADM; Fidelity news noted Insider Selllive answeredADM – Marketsmith calling that a 3rd stage base. A time you want to be careful, right?live answeredI am up 15% on AEHR…. hold or take profits?15% gains are hard to come by in this market, we like locking in some profits into strength and then keeping remainder of position until stock breaks below shorter-term MAs. Ideal scenario is it turns into a big leader and can hold it until
it breaks below 10-week.I believe these fertlizer stocks are dropping due to the possible rail strike. If the strike is adverted then I would expect the stocks to improve.That makes a lot of sense.GEOHas had a huge move! If I were in it, I’d be locking in some profits here. Too extended to buySANMTried to pop up, but well off highs now. A strong stock, though!Please review NFLXUp$ 10 on a down day on good volume and Contra fund increasing position also A accumulation.Actionable?10% above the 21-day, so too extended for me. I looked at it yesterday morning but there was no volume. That came in later in the day.Trendlines — don’t seem to be working today even using the suggestion of extending the line…….suggestions?Try on a weekly chart instead of daily and if that doesn’t work, set the alert based on a price level vs. a linePrivate: Chris- difficult issue to solve. MS likes to put product out in Thursdays and ST and LB like to get as close to the beginning of the month as possible for their updates (usu. on Tue and Thu) and we have a lot of beginning of the months
near Thu coming up.But the MS webinar also shows up at the end of the month. If they move it to Wednesdays we won’t have a problem.You’re correct Ali — trendlines seem to work on the weekly chart but not on the daily chartsNot a solution I know, but a workaround! 1 sentence answer on SNOW, please.Has hit a lot of resistance at its declinding moving averages. Still in a downtrend. We want to see it get above that 200-day line and form a new base before considering. Enterprise software stocks still mostly out of favor at this time.GMAB and OKE making me happy today : )Great!Thanks- I’m sure that the issue will get resolved in the near future !We all hope it will!