What Can Downside Reversals Tell You About Market Health? | Investing With IBD

Published 2024-07-03
Mike Webster, senior market strategist at IBD, joins Investor’s Business Daily’s “Investing with IBD” podcast to discuss the current market and explain the dangers of downside reversals. Plus, we take a look at some stocks worthy of your watchlist including CrowdStrike (CRWD), ServiceNow (NOW) and Amazon (AMZN).

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All Comments (18)
  • Thank you so much You are my true hero and the savior of my family. I love you for your modesty and accurate explanation. You are the best YouTuber. Greetings, may God bless you.
  • I've been following your channel for a while now and I've seen a significant improvement in my trading skills
  • Liked and Saved! Always happy to hear you two “geek out”. Happy 4th to you both.
  • This strategy is great and what I loved is seeing your fabulous security to operate without any hesitation and without fear. I'm going to practice your strategy. New subscriber!
  • Thanks Justin and Webster! Marking the 13 week high rule for downside reversals. Really appreciate you sahring the excel with all the 64. Will do the homework! I am curious to look for frequency as overall bull runs get into the 20% and 30% from bottoms and which factors came around bigger corrections. QQQ poised to run to 500 according to Livermore's. 😂
  • @JAAn-ry1no
    Thanks for this. Could you be a bit more specific on the spread definition of the downside reversal? Would you not say it in terms of wider than 7 or 14 day ATR multiples?
  • @2023gainer
    The EV sector now running with the bulls. EV Charging..Evtol Jets..EV vehicles and EV batteries. Thumbs Up video/ comments. Thanks
  • @aknevv
    ARKK is finally starting to show some life…could be helpful to the market 😇
  • love all this material but wondering why volume doesn't seem to be talked about anymore? Has it lost it's relevance?
  • @guy33909
    dont ignore a 3 wks tight nasdaq during a power trend, yeah............