Stocks Solid As Rally Continues To Gain Steam; Google, Roku, BrightSpring In Focus

25:45Yeah, and I did buy some of this as well as Amazon going into earnings. And, you know, this one obviously worked out better than how the Amazon worked out. I do have a position to get an Amazon. I sold it and then, you know, bought some back today. But I didn't like that initial reaction. And I'll just tell the truth. I had it and it wasn't up as much as in the pre-market as what Google was. And I'm like, okay, Google was too far for me to add to Swing Trader. Because with Swing Trader, we can't own it and put it on. We have to sell it first. So I was selling it while it was still up in the pre-market because I had plans on putting it on Swing Trader.

26:26But then it just didn't, it wasn't acting right enough to put it on there. And today it firmed back up and now it looks okay. I don't think it's great, but I think it at least gives you something to trade against. And let's go back to the daily for a second. And so this pattern and this setup, if it wasn't Amazon, meaning a big liquid name that we can understand with serious sponsorship, I wouldn't trade it because that base is not that good. Let's just be frank. But what it is is something with your risk off the table now where you had your earnings and you had a somewhat negative earnings reaction yesterday, the way it was trading versus how Google was trading.

27:12So the market clearly didn't like it but didn't hate it. But the thing is, you have yesterday's low as an exit. Like it shouldn't go underneath there. And it might. I mean, I might get kicked out of this trade and that's not the end of the world. And we did, like I said, we put a half position on swing trader on it. And if I find something better, we'll just sell this one and put it there. But there's just not a lot of things in position to be bought if you're going to put a tight stop. So we've been having to put a little bit wider stops than we like to. but other than, you know, because there's really no choice right now in this market of if you like a three or 4 % stop, it's really tricky.

27:56Now, the other way to do it is just to put like a half a percent stop on there. And that's a strategy that I like doing personally. But if you're doing a service, it makes it too active if you're gonna do a half percent stop and put it on, take it off, put it on, take it off, makes it tricky. But for your own trading, I would say most people should be doing that if you're comfortable with it. It's just you buy something and get as precise as possible using the intraday. Use the daily and the weekly and the monthly to know if you're going to buy it, but then you can hone in on a 30 or 60 minute chart to kind of get the precise spot and then have a very tight stop there.

28:37That's better than a three or 4%, but if you don't do a three or four, kind of a five to seven is kind of what you have to do.

28:45Mike Webster:Mm hmm. Another golden nugget there. All right. Well, we were talking about Google. So let's go back to Google. Well, what you know, I put my Peter Lynch hat on as often as possible. I got to tell you, I pay Google for their YouTube premium because I hate watching commercials. So I do that. And we just switched over from Hulu, owned by Disney, I believe, over to YouTube TV because there were some issues with that that we have. And so and then, of course, there's the Waymo. So it's not just their search, even though that's been their bread and butter forever. And the AI and the enterprise side.

29:28Yeah, the AI is like the big thing that everyone is playing. But there's also there are other bets that are going to eventually turn into, you know, real money for them. But the bottom line is this reaction, it was about the reaction. You know, if Amazon would have had this reaction, I would have had a big position in Amazon, which you have a decent position in Google now. and it looks exactly normal, like actually stronger than normal because after a big gap up day, kind of what's textbook is a down day or at least an inside day. But this one just notched a little higher high and wasn't, it was worse, it wasn't down much.

30:12Let's go to the interday chart on this, the 60 minute. So that is what an interday chart looks like that's under accumulation. You can think of it from that high tide flag standpoint again, rapid advance up and not giving up much ground. That's a sign that someone's in there, not a high tide flag because you can't have a high tide flag over a day and a half. But I'm just saying in that spirit of a rapid move and holding in versus let's go to the Amazon that doesn't look good like this, but was just closer to an entry point. and that terrible reaction right away and then gapped up and kind of faded today.

30:53So this is not really how you want it to look. You want it to look like the Google, but the tricky one is the Google was up so high it wasn't giving you a clean entry. So hopefully the Google, let's go back to the daily, gives us an entry point. It might not be for a week or two if you don't have a position. I wouldn't buy it here because the stop you'd have to use would be yesterday's low, and that's kind of a ways down there, unless you just set your max percent loss at whatever you feel comfortable with, 5 %-ish, something in that ballpark.

31:29Mike Webster:That makes a lot of sense. All right, let's move on and take a look at another earnings mover, and that's Roku. So nice numbers here. Again, looking at this one, because I've got my Peter Lynch hat on with it. And I use Roku's on all the TVs. I used to get those little sticks. Now they're built into the TVs and it's really, you know, my parents use it too. Like everyone I know uses Roku and it's just easy to use. And so if you understand it, it's a lot easier than just some random tech stock that you don't really know. Is that base that great? No, But it is at least normal and natural in that it had its shakeout here recently.

32:17And you got an outside week, got solid earnings there. You do have a lot of overhead, but the overhead is kind of really old now. So the concept with overhead is as you get back up to those levels, those people who are now getting even want to sell into that. Well, once it's that old, Bill would always say kind of 18 months-ish. It wasn't like on this date at 18 months, it's not relevant. The more you go in time, the less relevant it is. So that overhead is back in 2022. So most of those people have probably been worn out by now. So from one lens, it's at new highs. From a different lens, it certainly isn't.

33:00But this is a wild one, too. Don't let the ATR of 4.2 fool you. This tends to be kind of a wild trader, but yeah, looks powerful. And I'm going to try to find a way to get into this. So if this had a normal day to Monday, which would be kind of an inside day, maybe pull pull into around 120 or so, I'd use the intraday chart to maybe start a small position in there. Great.

33:34Mike Webster:Okay. And rounding out this trio, BTSG also with a move on earnings. Triple digit bottom line growth here shares up almost 10 % on the day. Now, this one is tricky in a way because it hasn't really paused to form a proper base in many months. Yeah, I was watching it. We had had it on Swing Trader for a while, and then we finally booked it. And this is like last year. And then it just kept going up and up and up and up. And I was like, man, let your winners run, Mike. What is your problem? But I got to tell you, yesterday, if I would have been in there, because I was looking at it and I was going through my watch list.

34:17and when it was down at the lows there, I go, oh, they're finally getting it. I wasn't realizing that there was earnings and I removed it from my watch list. And then when I was screening today, I'm like, oh my God, it goes again. So that I love a lot because it shook out yesterday. And yes, we haven't had a base or anything in there, but it was a little volatile in March, but on a relative basis, you can see that RS line held up. So it tells you that there's, There are true buyers in there. And I suspect, and I can't prove this, but yesterday, if I was, let's just say I was a big buyer and I still had, you know, a million shares more than I wanted to buy and I owned a whole bunch, that I would have just sacrificed 100 or 200 ,000 shares yesterday, make it look really ugly, and then soak those shares back up.

35:11because you've got to remember the real players in the market, they're not buying a couple thousand shares or 50 ,000 shares. They're buying hundreds of thousands and millions of shares, and they're trying to get the best price, and they're doing it over months, you know, not even days or weeks. They're doing it over a long period of time. So that was an excellent tell yesterday, but still I wouldn't buy it here or wait for some sort of entry point.

35:36Mike Webster:Okay. Webby, are you ready for your charts? Yeah, let's do that. All right.

35:48Okay. Can you see my Bob Weir chart?

35:53Mike Webster:Yeah. Okay. We've got it. So this is our Bob Weir take a step back and we're going to go through a whole bunch of charts. Each one of these, we're going to just let it paint a picture for us. And at the end, we're going to put it all together. So what do we have here? We have our one, two, three, four, five blue candle up in a row. So that means that the close has been higher than the open each week. This is probably our worst looking candle that we've had this run. And why I say that is because the top wick and the bottom wick are pretty much, oops. Oh, what did I just do? I'm sorry about that.

36:28Okay. The top wick and the bottom wick are about the same size. And the body is decent. Yes, we made a higher high and everything, but it's more of like it's starting to run out of gas. That's totally reasonable. And so I wouldn't expect another big move next week. In fact, with just a bar like this, sideways action would be ideal. I'm not saying that's what's going to happen, but we look at each one and say what would be normal or natural, either slightly higher high or sideways. ways. Now, the flip side of this, the NASDAQ looks a lot better because you have a tiny top wick and a much longer bottom wick, and it looks like it's just stacking higher, like it just wants to keep moving.

37:12So a little bit of a mixed bag there, but it's just telling you the NASDAQ right now is looking stronger. Now let's go over to... We've got a new regression. Yes or no. I put this on there to tell you why we're not using it. So yes, it's, it's too steep because it's, it, um, we're, we're starting it right now off of this bottom day here. Really where I really want to start it is on the follow through day on four eight, but I decided to put it in here just to show why we're not using it. You can't grow at this pace for an extended period of time. It's Just like if we were going down, you couldn't go down at the same angle or you'd be at zero in a year.

38:00So that is to give you the expectation that this power that we've had is not going to last. But you can use this regression to at least say, okay, once we take out these bottom lines, I wouldn't use it in the same way we normally use as something to buy off of. more of if it goes through that, okay, now it's starting to change its angle of ascent, which you want it to do. But because it's dangerous to keep growing at this pace. But if you look back to 1999, 1998, 1929, and some other timeframes, like in the 70s, or there were some late 70s, there were some times in there where you do get these moves that are more sustained at this pace than you would think.

38:52But that's why we put it in there. So in a nutshell, what we'll do is when we have enough time, once there's at least 35 trading days from this 4-8 day, then we will start putting these on and really using them. But that's why I put that in there. Same thing with the NASDAQ. It's just too steep. Now we'll move on to the 50 % retracement stuff. So here's our 50 % retracement. You can use this a lot of different ways. I'm still using it from the day before the gap up to our recent highs. We just wanna stay in the Northern Hemisphere, so above the yellow 692. Now the other thing you can do is do this on a smaller, this is the NASDAQ.

39:39So I'm gonna remove this other one. and we're just going to focus in on this. So we've got it from our recent lows here to our recent highs of the lows from 423 to here. And when you look at it through that lens, over a very short period of time, we want to stay up in this area on balance. It doesn't mean that it won't come in here and still be okay, but you just don't want it living down in that space. Now we're going to go over to our levels. So this is, let's just blow this up a bit. So the first level of concern would be that 708 and change, which is the low here from a couple days ago. Then next, the low here from 423.

40:26And then on down, this was the high of the last thing. So these are really the ones that I would be concerned with, but not in a big way, because we could end up testing the 21 day, which is your blue line there. If we ended up down in here, we're in a completely different type of market because you don't go from a rapid advance like this to way down there unless some things have really dramatically changed in a short period of time. And if that ends up happening, because anything can happen, then we're going to really have to change our tone in a big way. So 697 is kind of a key level there. Let's look at the NASDAQ.

41:11Same thing there. And it's kind of interesting how the 24 ,000 and change is right there with the 21 day. And that was just the highs from back over there. All right. Now let's move on to my Webinacci one down here. And this is something, if you haven't been watching the show, this is relatively new. We introduced this over the last few months. And I know it looks like a bunch of noise, but it's actually really, really simple. So let's just go through this. Your white line is your current, is just the normal price, closing price in a line form. Then you've got a bunch of moving averages from short-term to long-term.

41:55And I just use Fibonacci levels. So a three, a five, an eight, a 13. You can just Google all of them down to this one that's a 233. Then this indicator that I built at the bottom here is very simple. It just counts them up. So anytime a shorter term moving average is above a longer term moving average, it gets a plus one. And so this ranges from a zero to a 45. And we've gone over the last month kind of interpreting how, you know, this a different level. so you can kind of understand what it's supposed to look like. This is exactly what you want, where it's in the exact right order and you're capped out here at your 45.

42:40And this could come all the way in. Really, you know, I wouldn't get too concerned with it until, well, let's go back in history. Coming down to the green is kind of normal. That's at 40. Once you start getting into the yellow, which is 35, that's a little bit more problematic. So just something to add into your toolbox, and we will be adding this to market surge as soon as we get through some other things that we need to do on that.

43:08Mike Webster:I was just going to say, when it's stacked like this, the actual Fibonacci moving averages and your indicator, you need a cool name for that. One potential suggestion is the double rainbow. I knew those those colors aren't there by accident I did change them to a rainbow I looked at a rainbow I did my very best we will figure out a rainbow I will work with you on coming up with a cool name because cool names for indicators are more important than you think at least to me because I'm a geek so it looks great there and you can see how it's widening out let's just kind of go back in time a little bit for folks to see how that works.

43:57Look back here where that nice trend, they were all stacked for a long period of time. Once they start rolling, you see that here with this number. Now you don't have to wait for it to come all the way back up to, you know, the green area to be buying. Down here at the bottom, you look for little ledges. So right there, as it's going over this other ledge, you can buy it as it's going over.

44:21Mike Webster:Yeah, that's around the follow through day, I assume. Exactly. Yeah. They really coincide with that. So it gives you extra evidence. And I did do a couple hours on this topic if you want more on the Webby rambles on because I know, which is on my YouTube channel, Webby 5150, each one of these charts that we go over, I'm trying to do a specific episode on it because we just don't have the time to get into all the nitty gritty each week there. But, Allie, interpret this for me. This is your favorite one. What do you got? Oh, well, let's go to SPY first. We got to do the right order. They keep it simple, 21 day only.

45:01Mike Webster:This is a beautiful, beautiful look here. We've got the power trend, and we are nicely above a rising 21 day. This is chef's kiss action. This is what we want to see. What's a chef's kiss? It's what the kids say, apparently, like, oh, I got it. Yeah. OK, that makes sense. I learned something. OK, so what about this one? Same thing. It's looking great. There you go. Even stronger. Yeah. And then I also like looking at that in the context of the Webby RSI as well, of course. Well, that's next. So let's let's go there. OK, let's. You do a better job summarizing this. You summarize it, the WebE or SI, and then I'll interpret it.

45:53Mike Webster:Okay. So at the bottom, that is a visual representation of the distance between the low and the 21-day expressed in ATR. And at the beginning of a market turn, you want to see a lot of blue skyscrapers there. The more powerful, the better. Perfect. I couldn't have seen it better myself. It would have taken a lot longer. And we're going to circle back to this in a second. So this is looking good. It got up to our level of three early on, which is what we like to see. So it's done everything it's needed to do. And now what you can see is it's starting to build again, where this could have rested, where down here, the histogram could have come all the way into one and still been normal and natural.

46:39Now it's poking back up. So even stronger than you would think. Let's take a look at the NASDAQ. Same thing there. I got well above three, kind of up to three and a half. Now let's go over to my daughter's favorite indicator. This is the Bob Marley off high. And this just measures your low versus your high. And it also expressed in ATRs down there. The green area is 0 to 4 ATRs, yellow 4 to 8, and then red beyond that. What we really want to do at this point is wait for our first pullback and see how low this ends up getting during this. And that kind of will set the tone. The first couple pullbacks will tell you how far down.

47:28And I put this yellow line here right at three just to kind of give a sense of where that is because it tends to come down to three. You can see that over here, came down to three, came down to three. And then when it broke three, it was more meaningful. But it's really about each different bull market cycle will have a different level that it likes to get support at. So we'll just wait and see. But right now it's acting great. Let me go over to the NASDAQ. Same thing there. I do have another chart that I want to show. Where did I put that? Let's see. Hopefully. Okay. So this is the power trend, at least a simplified version of the power trend, as well as the WebE RSI down at the bottom.

48:15And what this is is just simply the two requirements, the only two requirements that I really use for the power trend these days is the low being above your 21 day for 10 consecutive days and your 21 day being above your 50 day for five days. There's other two requirements that are official, that your 50 days in an uptrend, which in this case, your 50 days, your yellow 21 day is in green and red is your 200. And also it needs to start in an up day. But I like simplifying things. So just these arrows, the green arrow and the red arrow, that's when it starts and where it ends. It ends with simply your green going through your yellow.

49:06So the 21 crossing back through your 50. So I wanted to do this so people understand. I did a couple hours on this on my YouTube channel, but I wanted to share it here too so people could understand how early we are in this power trend. So we just started this power trend over here. And we're just at the very beginning phases because I know people are already getting freaked out that we've gone too far too fast and it's driving me freaking crazy that I'm hearing that. Yeah. So people need to study. So let's just go through this in the green shaded areas where the power trend is. And just look at these.

49:45Sometimes you get short ones, but most of the time, look at this long one that you get. If you're freaked out over here, there's a lot of, you know, meat that you're leaving on the bone, which I hate saying because I'm a vegetarian. So I'll come up with a better saying than that. But heart, there's a lot more heart in that watermelon. Let's go with that one.

50:05Mike Webster:I was about to say. There you go. So these visually, I'm just going to kind of go through this a little bit so you can see sometimes they're short lived. But look at that when they're short lived. Yeah. Well, underneath the 200 days. So that's a different type of look. Yeah. This just kind of gives you an idea of how long they can go. And what is the symbol for the Dow? Let me see. DJ, yeah, DJI. And I just want to show you, because I did this on my thing, I went all the way back to the yesteryears, even before I was born, Allie, like way back when. So let's just go over there for a second. There's a better way to do this, but I don't have time to do it the better way.

50:50So let's just go back and I want to show you the 20s because we always talk about that. So this is all the power trends in history going back. I know this is a terrible look, but this is 1897. 1897 over here. And look at all the power trends that you have in time and how long they end up lasting. Just kind of get that feel of what normal ones look like. And look at these short ones. They are all, like you said, they're in a weak position where your moving averages are underneath the 200-day and you're living underneath the 200-day. But when you have them like over here in 1904, where you're in that turn, it's a lot different.

51:34Let's go into the 20s real quick. And so now we're into the Roaring 20s. That's 1921.

51:43Mike Webster:Are we in the Roaring 20s again? Yes. Yes, we are in the Roaring 20s. I know. I think we are. I do think we are. Oh, I didn't even put two and two together. Oh, my gosh. We are in the... I had to look down on my calendar to see what year it is. That's how busy I am, Allie. I've got no room for anything up here. Oh, my God. I didn't even know what year it was or what decade. And I'm not even kidding. I wish I was. So here's 1928, 1929, and then, of course, the crash and all. And it's just a really powerful thing. And I put that that episode out a couple weeks ago. If you guys are interested, I would go back and watch this because it's just fascinating how much you can learn from history.

52:34So sorry I went a little bit long there, but I think that was important.

52:39Mike Webster:It was. And yeah, if things are still looking good next week, maybe part of the headline will put the new Roaring Twenties. Oh, that might be the kiss of death though. Like when you do that, it would be like, if we want to pop the market. Maybe not. Maybe we'll just verbalizing it is one thing, though. So, yeah, maybe not in writing. We don't want to jinx anything. Yeah, there you go. Between COVID and, I mean, we did have 2022, but the post-COVID move, the 2023 move, you know, a good portion of last year. Yeah, and now look at where we are. We've had a lot of awesome opportunities. One thing I want to make sure that we're clear on with everyone, go back and study history.

53:25Things do rarely go up in a straight line. You're going to have bad days. You're going to have terrible days. When you have a really bad day off the high, you do want to do selling there because you want to tighten up your stomach, like getting ready to get punched. And my go-to is when you have a bad day at first, I do a lot of selling that day. Sometimes I have to buy them right back because my go-to is a two and a half day pullback where you get a really bad day the first day, bad the second day, but not as bad as the first day. Then your next day you gap down. Those are the ones I really like to buy once you start seeing an upside reversal.

54:06Now, it doesn't always happen like that, of course, but that's kind of your base case. So don't, if you're like me and you like to press it hard, you, it's like driving a car. You're not going to drive a car with your, your foot on the accelerator all the way down the whole time, or you're going to crash. You've got to be willing to take that foot off the accelerator, sometimes slam on the brakes and then slam that gas pedal right back down. That might be too aggressive for a lot of people watching. You don't have to do it that way. You could be slower. You could use queues. You could use what you've done with the TQQ.

54:41I'm using both TQQ and some accounts and queues and the others for various reasons and go slower. And then when you're in a power trend, I'm not a dip buyer, but I'm a dip buyer in power trends. So when you're in a power trend, that's the time like that MXL that I was talking about. Normally, I would never have bought that thing pulling back there, but there's a time and a place for it. And what drives me crazy is these people who miss the follow-through day, say it's gone up too fast. Then they're waiting for, then you get additional follow-through days. You get through your 21 day, you get through your 50 day, you get through your 200 day.

55:18And then they're like, oh, I'm waiting for a pullback. And then you have a pullback and then everyone's like running for the hills. Oh my God, it looks terrible. Study a chart people. And that's what this show is about is looking at charts, looking at history, learning from it. You're never going to do things exactly right. But if you don't study history, you have no chance other than to just hope to get lucky. And hope is not a good skill or a good strategy, you know?

55:44Mike Webster:Yeah, I totally agree with you. And you're absolutely right that over the last... Wait, wait, wait. Can we just say that again? You totally agree with me and I'm absolutely right. That's going to be like your alarm in the morning is that on loop. You're totally right, Webby. I'm going to record this later and play that back when I'm having a bad day and I've done everything wrong, which is very often. Oh, well, you know, we're all human. But what I was going to say is studying the past month or so of the Stock Market Today episodes where we're looking at past powerful markets and doing that day by day analysis.

56:18Mike Webster:What would you have done on this day? Because you're right. Even the most powerful markets that you think about in somewhat relative recent history, not even going back to the 1920s, had some big tests in there and continued to be strong. So knowing how to be prepared for when that's around the corner, because so far it's been pretty easy, let's be honest, right? It's been pretty easy since the, except for maybe this week, that bad AI day. But I would say by and large, we've had that momentum without much trouble. Again, this week there were some jolts in there. But at the index level, we will get those ugly looking days.

57:08Mike Webster:And we've studied those. We will. And so what people should do, this is your homework assignment, is I would go to a monthly chart on the NASDAQ or the S &P and go look for times where on a monthly basis you can see a rapid advance, anytime, any decade. And then don't go into the daily yet. Go and see where that started, what month it started. Then go to the daily chart the month before that started and play through it one day at a time and be honest with yourself and take your time with it. And take notes and go, okay, because I do this all the time. Like, this is why I'm a geek, you know, go through it and go, okay, well, when it did this with the 21 day or it had this type of downside reversal or this upside reversal or this gap up or gap down, make notes to yourself.

58:01Even if it's just mental notes, like, okay, when this happens, this other thing tends to happen on balance. That's how you learn normal and natural. If you look at the chart after the fact, your mind will play tricks on you because you'll be like, oh yeah, that was easy. That was just a shakeout. Well, it was a shakeout because you know it came back. In the heat of the battle, you don't know it was a shakeout. Like, come on, man, you don't have a crystal ball. So you've got to figure out things to lean on. Use, trust your instrument. Powertrend is an instrument that I trust. I, in fact, I only use instruments and indicators that I've built because the reason behind it is I know where all the bodies are buried.

58:42I know how to use it. And you can either invent your own ones or you can use the ones that we've done for you. But you really need to learn what is a power trend, what is it and what is it not. And they're not all created equal. And the best ones tend to have what we've had so far, your WebE RSI poking up, as well as some initial move higher once a power trend starts. The ones that tend to fade right away are the ones that just you get the power trend started and then they immediately go down. There are exceptions there, but most of them, as you'll see, if you study them, don't end up working out.

59:24Yeah.

59:25Mike Webster:Well said, Webby. And I know you always have more to add to the discussion over on your Webby 5150 YouTube channel. So we encourage everyone to check that out for more. And IBD Live. Check out. IBD Live is such a great, I was telling somebody the other day, it's like, it's the best one. It's the most underpriced thing out there. I think we should raise the price, but I don't think we're going to. So use it. Say again? So it's so cheap. It is really cheap. It's ridiculous. I look at it. I'm like, why are we not charging a lot more for what it is every day. You get so much time into it. Yeah, we've got four guests.

1:00:05You host a lot. Dave hosts a lot. And Rachel hosts great hosts. And we've got four different people. We get David Ryan every Tuesday. We get a special guest every Friday. And it's a lot of fun, you know, and you learn a lot and you get to see like, oh, this person trades slow. This person trades fast. and you can find where you are in there. I will say one of the guests that we have on a regular basis is Brian Shannon. He's going to be on my Webby Rambles on tomorrow morning. So I think that's a really, he talks about the Anchored BWAP, something we'll be putting in market surge later this year.

1:00:45So I'm really excited about that tool. And it was a great interview. Tomorrow, if you're in the Austin area, I'm doing a Webby walk downtown at 8.30. You haven't done one of these for a long time. You're welcome. It's free. We just go and hang out. We do a little stroll for about an hour, just leisurely pace. We all chit chat. Sometimes no one shows up. Sometimes some people show up. You're welcome to show up. Please do. 830 should be a lot of fun. For details, you can just go to my X handle, Twitter. It's M Webster 1971. Now that we got that out of the way, my favorite part of the week.

1:01:27Mike Webster:how's your daughter doing what she's doing uh you're so sweet yeah i'll make it quick but she's getting on her hands and knees now so we're thinking crawling might be soon which is exciting but also very scary we've got a baby proof the kitchen cabinets and all that good stuff um but also we got her a walker for around the kitchen and so she it yeah so it only took her a couple of days to really figure it out. So now we have like a little race track around the island and she loves being in there when I'm cooking and stuff. So yeah, she can control it really well and she knows when to come to us and she loves exploring.

1:02:11Mike Webster:So that's been a lot of fun. She's in motion, Chloe in motion. That is so adorable. There's nothing like just watching them go around because instead at first they're just cute and just laying there and then it's like okay you know then the next thing and it's just going to keep building and building and building and that's um that's wonderful and then at some point you'll get those things those bouncers that go in the the the doorway and they bounce up and down but i don't know someone told me that's not good for their feet or something but it was a lot of fun for them right yeah i'm sure your children's hips or five it's yeah it's like they're apparently now there's like concerns about hip health and some such but i'm sure you're you know well yeah my nephew's had that yeah my daughter does have problems with her hips so don't do that just do the walk but she is doing marathons and stuff now so yeah maybe it's put that i look forward to hearing about your daughter every week so uh well you're too kind yeah it's It's been a lot of fun, and I'm just so thrilled that I'm able to do this and, you know, wear the mom hat, too, after hours.

1:03:28And the wife hat and the daughter hat.

1:03:30Mike Webster:Yeah. We all wear—it's not just hat man that wears the hats. There you go. We all wear our own hats, too. So I hope you have so much fun on the Webby Walk. Me, too. That'll be really cool. I know you'll tweet out a picture. Oh, and I'm going to this summer. I'm going to be in L.A. for a little bit, seeing the family and all. And I plan on doing a Webby walk there. Justin has agreed that he's going to try to make it. And I've opened it up to anyone at IBD. And I'm hoping that maybe we get some of the rest of the team to join. So I'll announce that once we have a date. I'll be there in spirit. Yeah, I think a couple of people in the IBD Live audience, there were suggestions of all sorts of different places.

1:04:13Mike Webster:But the most that I saw, and it was a limited sample, but a couple of people suggested Redondo as a kind of central area. Oh, my old stomping ground. Yeah, I live in Redondo. Yeah. Yeah. So who knows? I'm sure you guys will come up with a good location to meet. And you can fly out there, bring Chloe, bring the hubby. One day. There you go. One day we will. Absolutely. Yeah. All right. Well, thanks so much, Webby. And we look forward to next week. Hope you all have a great weekend. Make sure to check out IBD Live on MondayMorningInvestors.com slash IBD Live for all the details. We'll see you there.

1:04:49Mike Webster:And then we'll also see you one more announcement. We'll see you after the close on Monday, not only for Stock Market Today, which will be hosted by Rachel, but Jim Ropel and I, we've got our monthly market report. Okay, we know how enthusiastic Jim Ropal is during a choppy market. Are we going to be able to contain ourselves? Is he going to be able to contain himself with what's been going on in the market? Tune in to find out. We'll see what stocks he's watching and how he's handling his portfolio. It's going to be a good show. So that's Monthly Market Report this Monday at 5 p.m. Eastern, live on our YouTube channel.

1:05:26Mike Webster:And without further ado, have a great weekend, everyone. We'll see you back here next week. Thank you.

1:06:02Mike Webster:supply chain solutions serving all points of care. With a focus on what healthcare needs next, Medline strives to make healthcare run better. See how Medline is woven throughout healthcare and learn more at Medline.com.