Bull Market Precedent Breaks Wide Open; Nvidia, SMCI Plunge | Stock Market Today

The major indexes suffered significant losses Friday, with the S&P 500 breaking below the key 5,000 level. Last Friday was an expectation breaker, signaling more weakness could follow - and that’s exactly what we got. The bull market precedent of 2003 is officially broken. Nvidia and SMCI provide two big clues about the market’s unhealthy action, while Sprouts is one of the few setups out there to watch. Mike Webster provides homework to get you ready for next week.
Stock Market Today: April 19, 2024
Hosts: Alissa Coram & Mike Webster
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[@PE-TX]

I really like these new Mike Webster Friday teaching sessions!

[@skyfreak73]

Great to have Webby back! This is a master class in market analysis!

[@payam5330]

This session was gold! Thank you Ali and Mike for being such great educators.

[@RG769]

Mike W is a great addition to ibd he is the encylopedia of ibd and charts only man who loves charts !

[@mattbone2477]

Love this Friday segment! Happy Mike is back. Allie and Mike work great together.

[@phillaysheo8]

In case anyone else doesn't like this new long format, Bloomberg does a short 10 minute recap of the markets at the end of the day.

[@wdfox2240]

Terrific Webby seminar.

[@moshebmoshe]

Ok this is good this is a very good team Ali and Mike having a real conversation and brainstorming together Keep it up guys you’re onto something!

[@alexfrias1765]

Wow great chemistry between the 2 and excellent analysis

[@davenwill2932]

Love Webster's sharing!

[@davidwalsworth1646]

Fabulous show - I cannot thank you enough!

[@prettybird8942]

Appreciate all the detail Ali and Mike !

[@mvuong6830]

Thank you - excellent content on dissecting the market and advice

[@mikedelgiudice8626]

I never comment but this guy is good.

[@kylepalacios2080]

Thank you! Great information!

[@zumasuma5489]

Great stuff. Thank you so much. Greetings from Germany!

[@Carmenlfm]

Great one!! Learning so much!! Thank you!

[@jidatang7591]

Thank you so much 😊🙏

[@richdilorenzo8145]

It will be interesting to hear how DSC (hat man) will be handling his NVDA position.

[@richdilorenzo8145]

Hello Mike and Allie: Have the rules changed over time on when to say that the Market in in Correction? I see that you have called for reductions in exposure as the Market has fallen below the 50 day line.

[@jamespier7801]

it seems like your cost basis should not enter into hold/sell decisions except re cutting losses short

[@frankwieder]

Great show thanks!

[@AgSus-xq8rz]

Thank you

[@foto21]

Interesting channel. Lot to absorb. You should elaborate more on whether this is a subscription service or what.

[@s.triyambakpatro7341]

Can someone give the podcast link where Mike discusses on rating your set ups ?

[@minazhassam9821]

Great content thanks

[@jefftarpinian4430]

What happened to Ed Carson?

[@AnneMarieBaiynd-TheTradingBook]

Superb🎉🎉

[@boshahrokhi3752]

Do you thinl NVIDIA will hit $1000 in 2024

[@jamespier7801]

not everyone got beat up, Webby. I own some SQQQ calls.

[@blabla9845]

He who panics first gets the best price.

[@wdfox2240]

Like butta indeed.

[@jamespier7801]

SILV

[@wrenster34]

Hiding out in anything is a fallacy stop with that narrative