IBD Live Q&A And Two Key Stock Lists For June 10, 2022

Morning! I’m wondering how many of the IBD Live watchers are investing in a short ETF following the CPI reportlive answeredCan we get Paul Pelosi on as a guest …he seems to be having better success than any of us.Good one Leslie!Q&A: Can only see my questions here, if that is what is going on.So sorry about that, Edward! We are actively working on this with the Zoom team. Thank you so much for your patience!GM IBD LIve! Could you please post the link to Chris Gessel’s “Hedging with Puts” video. Thank you.Hi! Here you go: https://www.investors.com/videos/ibd-live-demo-protecting-big-gains-with-a-put-option/Can you see my message in the Q and A? Cant see anything, was working yesteday!We haven’t answered very. many Qs todaycould we talk about kweb, cqqq, etc.? seems to be strength compared to u.s markets. also kens. bought bidu a week or so back. did you guys talk about this set up or just preaching one thing and doing different.live answeredOh Snap! – Zoom automatically updated when I started the show & now I don’t see Q&A!Seeing questions now?Interesting action with SWAV. thoughts?I agree. Watching for a decisive move above Thursday’s high.HI Evan! Do you use options strategies to define risk?Hi Gary! My automated trading systems do not, but I personally do when I’m discretionary trading, especially on the short side.How to Short, the missing link on IBD, is now being covered. You guys keep getting better and better. Thank you!Glad to hear, Edward! We’ll aim to cover more short ideas later in the show ?@Evan Medeiros, how far out do to attempt to trade your options contracts?I never want to run out of time or deal with theta decay. So I’ll usually buy myself 3 to 5 weeks of time even for moves that I anticipate will only take days or a week at most.Why did Evan choose options vs. inverse ETF?Better leverage, more capital efficiency. That’s not always my choice, but it happened to be in this situation.could we talk about kweb, cqqq, etc.? seems to be strength compared to u.s markets. also ken s. bought bidu a week or so back. did you guys talk about this set up or just preaching one thing and doing different.I thought the decisive move above the 50-day line was compelling. Not a conventional buy for me, but it’s worked so far.Evan, Did you use the 60 min chart in taking the BA short? Looks like 10 AM EST would have been a good time to take it.Hi Lance, you’re right smaller time-frames can refine your timing and get you better entries. In this case, however, I did not, only a daily chart time to make the decision.You played softball for Texas Alissa? That’s awesome!My colleage Alexis Garcia did, not me!I know we’re not looking to buy anything today but AN is showing good relative strength the past few days in particularAgree, the group is pretty strong. PAG, ABG also acting well.Does Evan use the intraday chart to determine when to close the short?Hi Robert, almost always using the daily-time frame exclusively.Morning Evan, thanks for joining us. Would you share with us how many positions do you typically have on. Or in other words, what are your position sizes. ThanksHi Jim, my longer term trading system I can have 25 stocks or more to make a full portfolio. Short term tactical system is only 12 stocks.Good vacation timing by Chris G! Mkt launches into a massive rally whenever I am on vacationNormally the market does great when Chris is on vacation and out of touch.If the market closes down today, this will break Chris’s streak of the market going up when he’s on vacation. So much for the secondary indicators.LOL.would you remind me of the name of the guest?Evan Medeiros.Evan, do you find that automating your trades to a degree allows you to manage a higher number of positions? Thank you.Hi Carolina, absolutely. I would never be able to manage or keep track of the 40+ positions I could have on without a high-degree of automation.Is the rally dead if we go below the low intraday or if we close below it?It’s a close below the low of the FTDI have great respect for Evan and his methodology. The beauty of the markets is how we all perceive things differently: I began shorting MOS on Wednesday with a tight lease.Love this!@Evan Medeiros, do you own a tool, or did you build your own Risk Control trade log tool? Your position sizeing makes a lot of sense based on Vol / Beta.Hello, yes! This article on my website (https://www.thetraderisk.com/how-to-position-size-when-swing-trading/) discusses the methodology in a little more detail and there is a position size calculator download for Excel too.I’m in LLY at 260 and have been looking to add. Is today a good day. analysis please !It’s testing the 50-day SMA now. If it bounces, yes. But it’s not bouncing yet. Market too weak.@Evan Medeiros: Carolina mentions automation. What tools to you find most effective?I do alot with Microsoft Excel and Interactive Brokers API.Evan, are you standing thru the program, great if you can…..looks a little like Ken’s actions..Standing ?These Markets feel like the “Spaceballs” fight scene between Darth Helmut and Lonestar. ” I can’t believe you fell for that! Come on Man!”Classic!At least something I can boast of being like the great Chris!Heh.FXI is holding up well at the moment today; thoughts?China stocks are doing well.sorry BYDDF….I misspell that ticker all the time!Evan, do you ever use option strangles and stradles?Short answer, not really, but I have very rare in the past.Evan, do you find that you need to regularly adjust the parameters of your automated system as the market evolves over, say, this year vs. last year?No definitely not. I always opt for “loose fitting systems” to avoid this. The systems were built using 2 decades of market data, so one year shouldn’t make a difference. There would need to have been a big oversight in risk management or something related that wasn’t accounted for, otherwise try not to tinker.Please provide some color on FNKO.FNKO is holding up fairly well. Maybe this V-shaped action can settle down and form a new base. Volume was relatively low on the way up, I’ll note.Seems the QA problem has hit me today. Tried leaving and coming back in a couple times. Can you see this? Thanks.Yes!I went very long given Chris went on vaca and it didn’t work out-won’t close out my longs until he gets back ??We could be seeing the market break in anticipation of his return. ?GM from Cape CodGrew up 35 mins west of the Cape, beautiful this time of year ?BYDDF is up stillChina stocks doing well. On BYDDF, it tends to move primarily on Hong Kong trading. So it might not join sector/market action in U.S. trading – but then catch up in the next day after HK weighs in.Evan, what is your advice as I am a software developer working to build my own 100% rules based system (then maybe automate someday)?Hi Richard, yeah I would bite off one piece at a time. Work on the strategy first and then work out the steps to automate it.How often does MSGrowth250 update ?The list updates every day. Prices update intraday but delayed.Don’t focus on making money; focus on protecting what you have!Exactly!Interesting – I can see Q&A on my iPhone 6s, but not on my MacBook Pro ( which automatically updated Zoom this morning). Hmmm? Is it possible to un-update? lolThis is good info, thank you! We will pass this along to the Zoom developers!Not much green on the screen :>{For sure.Any chance that you could overlay the nasdaw from June 2000 to Dec 02 with today’s market? Just to see what could happen? This first leg looks like the 3/10/2000 to June of 2001That’s a great idea. I think it’s hard to overlay two charts from different time frames on MS; we’ll have to try it on another platform, even a simple line chart via Excel or Google tools. But we should calculate the size of the decline, I imagine they are similar.DVN does this morning’s action look more like a rollover or a pullback?Looks ready to test its 21-day EMA. Not a rollover.Did anyone mention the five-for-one stock split for FTNT that will occur on 06/22? Does that also play into current and future plays?Forgot to mention that. I don’t think it’ll have a big impact. Seems awfully big split for a $300 stock.Thanks for everything on NFE – so helpfulGood to hear; definitely a disappointing reversal for NFE, breaking expectations.can we add to DVN?We usually do not think a test of the 21-day exponential moving average, which is what DVN is doing today, is an entry point. Yet Devon is holding its uptrend well.I recently listened to Charles Harris about the safety of buying on pullbacks vs. breakouts. This is the first time in quite a while that NFE has pulled back to the 50-day moving average. Does anyone see this as a buying opportunity?Problem is, it’s not finding support. At least not yet. Our average cost on Leaderboard is 43.69.How important is the M in CANSLIM. It all starts with Market Direction.Still the most important letter indeed! Good point Peter — https://www.investors.com/ibd-university/can-slim/One more: Don’t forget that NFE “constructs” power plants, so higher energy prices may not be good for them. Now I promise to shut up for a while ?Thanks (for the info).Ed -AMPH is another one with a BIG drop and a Blue Dot !!Yeah, just some hideous sell-offs this week. TMST too!is it to late to start a position on NTESI think 107.25 is a handle buy point, with Jan/Feb. highs around 108 also notable. So it’s actionable. But it’s also far above the 50-day/200-day line – and China stocks are very risky.MERC for lightning round, pretty please? 3rd time requesting this week.Looks like its holding up well. Paper & Paper Products is typically a defensive industry but I like how this latest base is much tighter than the last. The 48% base wouldn’t interest me but the fact that the last base was 20% is more interesting. But be careful of liquidity. This has lower dollar volume than what I like to see.Evan, does your shorting system actually short stocks or do you buy puts, or both? Can it be used in an IRA?Yes it does short stocks so it wouldn’t be possible to run in an IRA, unless you are able and want to use puts to express the idea.Did FB change it’s ticker to META today???Yesterday I think.Evan, Thank you for that. I’m asking about how to build a 100% rules-based (non-automated) system that works?Yeah that’s a big question ? I have a handful of guides and learning center articles on my website addressing this. One that you could review would be here: https://www.thetraderisk.com/tag/beyond-the-charts/ which has links to my github with code.Yesterday many of my stops were triggered and I was taking some small losses on recent buys and I was pretty frustrated. This morning I looked at the stocks I sold yeterday and now I’m feeling much better:) Thank goodness for sticking to sell rules.Best way to avoid big losses is to take small losses.Ali, Could you ask the team to talk about the index levels to watch today.live answered