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

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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[@vasilisatarasova4707]

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 TH-camr. Greetings, may God bless you.

[@mariyahchambers81]

I've been following your channel for a while now and I've seen a significant improvement in my trading skills

[@SarkisKlinik]

Great video, valuable information

[@losangeleskingsfan1]

Liked and Saved! Always happy to hear you two “geek out”. Happy 4th to you both.

[@mikewebster6188]

Happy 4th!

[@BNBluesmasters]

Great Stuff! Thanks guys! I really appreciate it.

[@leonidsidorov2807]

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!

[@aknevv]

Fascinating ❤

[@jeronimosuarez7957]

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. 😂

[@mikewebster6188]

Enjoy the homework

[@ginseng5393]

Such great analysis.

[@mikewebster6188]

Thank you

[@aknevv]

ARKK is finally starting to show some life…could be helpful to the market 😇

[@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

[@brucemackay3080]

love all this material but wondering why volume doesn't seem to be talked about anymore? Has it lost it's relevance?

[@mmm-cake]

35:00 yep but it completely recovered in 5 months

[@mikewebster6188]

I’d suggest that you study all major bear markets. 1998 & 2020 were the only two that bounced back that quickly. But if buy and hold works for you…go for it. Best of luck.

[@guy33909]

dont ignore a 3 wks tight nasdaq during a power trend, yeah............

[@mikewebster6188]

Yep

[@zerothemage7263]

What charting program is Mike Webster using?

[@mikewebster6188]

Trading View and Trade Station

[@mmm-cake]

Thanks guys