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IBD STAFF

IBD Live Q&A And Two Key Stock Lists For Aug. 5, 2024

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

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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.

Q&A Summary

Question Answer
Good morning everyone, it looks freaking ugly out tere today. Indeed
I like the music today. Somber like the market
WHAT TO DO WHEN MARKET IS UNCERTAIN WIsh there were easy answers
Good morning GM, thanks for watching
Good Morning IBD'rs - so appreciate you guys! Likewise
Hello everyone Hello, thanks for coming
Hello everyone ! GM Hello, good to have you
Great call on the short SMH Scott! :) DUCKS ARE QUACKING
Mike, Congratulations for reducing Seing Trader exposure to only 5%. Very nice! Even a broken clock is right twice a day...thank you Ralph!
Good afternoon from London Good to have you from abroad
Excellent job Scott! I really enjoyed your Saturday webinar! :) thanks!
Good morning all! Yikes, a 20%-40% exposure rating. Ouch! But not surprising given the knocks we've been taking lately! Hey, a big thanks to Scott for his Saturday presentation on MarketSurge. I came away with at least a half-dozen actionable
habit-changes. That's a HUGE win in my book, so thanks!
Thanks! :)
Goooood Morning IBD Live. Gm, thanks for joining
Thanks to ST for being the Quick and not the Dead last week. Even a blind squirrel finds a nut every once in a while;) Thanks Douglas
Good to see everyone! I went camping for 2 weeks and missed so much. Time to go to the woods and hide out?
Hey Webby - great one Metallica - Nothing Else Matters Was wondering if anyone got that...James had a B-day last week
Scott w/the nice call of SMH short.. as if he had the crystal ball to NVDA news, lol :)
I am 9% invested and that is 9% too much! hahahaha
Good to see some humour! Always key IMHO
Good Morning IBD Live GM, hi Shane
How about some discussion on Distribution days within the past few weeks and what that is telling us. Ralph, IMHO it's not about the distriubtion as much as it is about the expectation breaker from Thrusday...right after an FTD on SPY
Good Morning Harold. What is your #1 choice for a trading platform for a serious Option guy?? Fidelity Active Trader Pro, Trade Station or Think or Swim?? Appreciate your opinion. Best. I'm doing the majority of my option trading on tastytrade
Scott, great webinar Saturday. Could you share some of your screen parameters? I am just getting used to the scanning. Thanks sure, I did a webinar on it on IBD. email us and I will send link
Hey Scott, Did you hold your FNGU short through the Thursday fake out? small position due to volatility. I am out now
Scott your assessement of the Market has been right all along. luck :)
Good morning everyone! GM, thanks for coming
SSC, TY :)
ha ha your Luck is awesome ;)
Mike, Thanks for navigating us through lthe market last week. So volatile, usually when it is volatile I start getting very defensive. Thank you Brian
Good Morning from Vermont. GM, good to have you.
Is Swing Trader down? Jimmy, it's up for me...we only have a 5% position in XHB...haven't done anything today
SCOTT - Your call on the market 2 weeks ago was prescient. Your 90 second take on the market that ended up being 10 minutes on your Friday TotM show was helpful as you shared your experience going back 30 years and why you feel the way you
do today is helpful and appreciated.
:) thanks
Good morning Scott, your tinglying Spidey sense was on point. Thanks. :) got lucky, had some false positives before for sure
Remember the saying ....... Don't buy the dip, buy the bounce back AFTER the dip That's how I do it
could you please discuss the action on MCD? Thanks I look at it as a rally back up to the 200 day. I wouldn't buy it up here unless it bases out for a number of weeks.
schwb app has crashed cant get in Thanks for letting us know
Interesting. Etrade just crashed… Thanks for sharing
GREETNS FROM HURRICANE COUNTRY Stay safe!
Tried to access my account at Schwab and I cant get in. Lots of people must be crashing their system Other people reporting this as well
Scott, which Japanese tickers do you watch? just the index at this point
There is one major brokerage right now that seems so overwhelmed with orders that it cannot display all of its data. When refreshed, takes one to a page that apologizes that its site is "temporarily unavailable", then logs you out. That's
how intense the action is.
Crazy
I can't get in at Fidelity either. wow
what is the ticker Are you asking about the VIX? In Marketsurge it is 0vix (zero vix)
Is anyone having issues logging in to Thinkorswim and Schwab? Some commenters say brokerages are down for them as well
Enjoyed watching video last Friday of weekend study recommendations Great!
GM from Cape Cod. No buying for me today. Go play gold instead?
Thanks Scott for the seminar on Marketsurge and taking the time out of your weekend for doing this. :) thanks
SCHWAB system is down Other reports this is the case as well
After fear beccomes FOMO That's very true James
Private: I know you aren't Schwab. :) Can those with TOS log into their accounts this morning? Several reporting it's down
Good Call St.Clair! :) thanks
ISRG holding up well live answered
I have a question. Mike normally talks about 7 levels of exposure according to market school rules. Where can we find the information about those levels ? Thanks If you watch the Market School home study...there is a place in Leaderboard that shows the Nasdaq Market School count daily plus Justin writes up a little bit about it daily...FWIW we've been at Zero for several days on Nasdaq
Great advise Scott! :) thanks
Schwab is not open for business. No phone. No online access . Thanks for alternative guidance Scott. :) yep
AMD does not have an equivalent product to NVDA's Blackwell chip. The Blackwell chip is the one that is delayed. Blackwell delay postpones sales, but those customers really do not have a good alternative. The customers will wait until it is
ready, or buy the current product. Most customers will wait.
AMD has something close to the current Hopper chips, I believe, but doesn't have anything comparable to Blackwell for now.
Nice recovery for NOW live answered
Scott, on your comment about having multiple brokers, can they handle the same account? no, they would need separate monies. But you could be long 1K META at Fido and short 1K META at Schwavb and you are flat, no risk/upside overall. It would be in weird sceanrios like today. I do not do this hardly ever but its nice to know
I can if needed
Ed needs to start pointing a coin in a jar anytime he forgets to switch tickers on MarketSurge lol The problem is that I'm checking stocks on another MS chart!
IWM isn't getting any better this morning so far. It's still off the 200-day. But down a lot.
Scott, are you taking off your SMH shorts? Thanks yes, not short anymore
I've been learning for 3 years and never knew why Bill had the 4th day for the follow-thru. It's all human nature. Thank you for the show today. You are welcome Kris...best of luck!
MDLZ running btw green and red, abv all avgs, +189% vol, run to safety Was getting that Kellanova (K) boost. MDLZ down now, but snacks are recession-resistant!
Scott. Great session on Saturday. What was the screen you setup. Comp >50 etc Hi Mtichell, thanks. I do not recall the screen to be honest. I was probably just experimenting
Wheres Justin to go over his industry group spreadsheet? Would be pretty interesting today. He's off today, but he'll be on IBD Live Tuesday.
Brian Belski is CNBC and he worked for Bill O'Neil. He said that August is horrible and this is a normal 10% correction that they were waiting for. I have to agree with him. You need some exposure to Mega Caps so pick the best ones. Yes, he worked at WON back in the day...smart guy
Is the yield curve still inverted ? No, it was very brief.
Scott comments on NVIDA? trying to get above Friday's low was the leader in the bull market so obviously important to watch. I am not in it fwiw
where can we find Scotts' Saturday video? This was not archived, live event only
SCOTT Would you mind going over how you use a second Broker in the event your having trouble accessing the first Broker? EXAMPLE: if I was long 1K META at FIDO, cant get in. Sell short 1K META at Schwab. now my total account values would be flat
Tenet Health is making a nice reversal. Can we discuss this? We looked at it earlier. Nice bounce, still below the 21-day and buy point.
Webby uses 3 month RS . Can we change the one that shows on the chart? I use both...I'll work on adding it to the chart
Scott may be the elder but he is the only one not wearing glasses. :)
You should be able to have multiple RS lines on a chart - hopeflly they will add this feature in the future. Hi Jim, we do, you can add a second RS line
Mike, That's a fantastic idea to display something like 95/30 for RS line for NVDA (RS_12month/RS_3month). This will help us study the charts faster...... Scott Sir? We will work on adding it
MIKE -- Thank you for your thoughts regarding the 3-month RS Rating versus, 6-month and 12-month . . . very important information! Thanks Peter!
I love how authentic and unscripted you always are Mr. Clair :) thanks, I prefer it
"Reasonable Goosehead" That might be a good band name. Or maybe "Reasonable Head Goose"; as in the head goose in a flying flock. Okay, I'll get my coat now, haha... LOL
Hang on Mike. If Powell had said Yes to 50bps, then it would have been a clear sign that a hard landing is imminent. Damned if you do, damned if you don't He shouldn't have answered the way he did...if you play it back you can see that he realized that right away
SCOTT -- Thank you for the information. PS: The Lakers first round draft pick Dalton Knecht is your "little brother." He reminds me of you . . . :) I used to play like him in the men's leagues I was in HAHAHA
Ed, do you think this maaket action today is in response to the Bank of Japan increasing rates? That's part of it - spurring unwinding of yen carry trend. Recession risks and Nvidia/AI fears.
Is that the Scott St Clair Miracle Gro? :)
I'm having trouble looking at my stock lists on ibd... keeps taking me to a special offers/ page sign out and back in. Call support 800-831-2525
Webbie, thoughts on SN…thanks! I'm not a fan of things under their 50
Is Ken going to be on this week? Yes!
Scott's live presentation on Saturday was darn good Thanks Karin
any opinion on elf ? seems to bee pretty strong bounce Nice bounce after a lot of losses. Earnings are coming.
Webby - maybe I'll expand the garage band name to "The Blind Squirrel's Nuts". hahaha LOL
Scott, i was able to use Fidelty mobile app good, nothing worse than not being able to log in
FWIW "Squirrel Nut Zippers" is a real band. Had a hit late 90's ;)
Thanks Mike, MMM is definetly extended I should have mentioned it. Have a great day / week. U2
Thank you for that, Mike. "Nobody knows" is appropros for this week. !
Good show on a bad day. Thanks guys TY

IBD Live Ready List

Symbol
BURL
CUBE
GSHD
MELI
RACE

IBD Live Watch List

Symbol
ABBV
ADC
ADP
AEP
AFL
AJG
ALL
ALNY
AMGN
AMT
APD
ASTS
AVTR
AWK
AZO
BFAM
BLK
BR
BRO
BURL
CACI
CBOE
CBRE
CCI
CHKP
CHRW
CL
CNK
CPB
CSWI
CTAS
CUBE
CUZ
CWAN
D
DGX
DHI
DHR
DUK
EA
EBAY
ED
EHC
EIX
ELS
ENB
ENSG
ETR
FBIN
FE
FI
FICO
FTDR
GDDY
GPI
GRBK
GSHD
GVA
GWW
HCA
HLI
HOLX
HRB
HWM
ICE
IDCC
IQV
IRM
IRT
ISRG
JNJ
KHC
KO
LAZ
LEN
LH
LINE
LMT
LOW
MAS
MCK
MCO
MELI
MHK
MLI
MMM
MMSI
MO
MSI
MUSA
NEE
NI
NNN
NOC
NOW
NSC
NVDA
NVR
NVS
O
OGE
OHI
ORI
ORLY
PEP
PG
PHM
PM
PNW
POST
POWL
PPL
PSA
PSN
RACE
REG
REGN
RKT
RMD
RTX
RVMD
RYAN
SBRA
SFM
SHAK
SHW
SO
SPGI
SPOT
SSNC
STE
SUI
TECH
TMO
TMUS
TRNO
TSN
TTEK
TYL
UHS
UL
ULS
UNH
VLTO
WELL
ZETA

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WMICX Wasatch Micro Cap
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